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credit cards for bad credit?

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  1. 1st financial...if you are a student, they'll take anyone..otherwise buyright,....but its like $4 a month and its not really worth it.
  2. If you have no open credit card at all, and you've been denied unsecured (prime) credit cards, you might try a secured credit card from Orchard Bank (it has the fewest and lowest fees) or a semi-secured card from Bank of America ($99 security deposit for a $500 credit limit). Before you sign the application (or click Submit), call the credit card issuer and ask them, "Which of the credit reporting agencies do you report to?" If they don't answer, "All 3, Experian, Equifax and TransUnion" then find another card. You need to develop good history at all 3 agencies. Note: With a secured credit card, you still must make a payment on time every time. Do not assume that the bank will use your security deposit to cover your bill. It's about YOU acting responsibly and paying on time month after month. As you build ontime payment history without a miss, you'll boost the 35% of your score that concerns payment history. If you open a new credit card, make one small NECESSARY purchase (gasoline, groceries, a utility bill on auto-pay through the credit card) each month and pay it off in full the next month. To score max points, you do NOT need to carry a balance and thus pay finance charges. Just keep making that new purchase, waiting for the billing period to close and paying it off in full the next month before the due date. If your credit card is secured, you can just pay the start-up fees the first month. After 6 consecutive ontime payments-in-full for 6 consecutive months, ask to have your card converted to unsecured, have your security deposit returned with interest, and have your annual fee waived. If the company refuses, try again at 9 months and 12 months. The company may convert you to unsecured automatically. If your card goes unsecured and you have no more fees charged to it, leave it open. 30% of your score is credit utilization: how much of your credit limit is used up by your balance? On each revolving account, you need to keep your balance below 30% of your credit limit, or you will hurt your FICO score. For example, if you have a $200 credit limit, you must not have a balance higher than $60, which is 30% of $200. Do NOT close a paid off cc account. They also look at total utilization: they total up all your balances, and all your credit limits. That total percentage utilization must be kept below 30% of total credit limits. Close that paid off account, and you'll take away $0 in total balance, but you'll take away $$$ in credit limit, and up goes your total utilization. 10% of your FICO score is credit mix: what types of credit accounts do you have listed as open? The good types of credit are: mortgage, secured auto loan, department store card (Macy's, Home Depot, etc.) and major cc (V, MC, AmEx, Disc). Ideally you want to show good behavior in one open account of each good type. The bad types are: payday loans, personal finance loans used for purposes of getting cash advances, checking account overdraft loans and secured, sub-prime credit cards. One exception: if you have no open credit card, and you can't get a prime credit card, a secured card is ok. The point: you need to build good history, not just prevent the bad. But if you open more than two accounts of each type, or keep balances on more than about 6 accounts, you will lose points for too many open accounts or too many accounts having positive balances. 15% of your FICO score is for length of credit history, the longer, the better. The average credit user has an oldest open account that has been open for 14 years. Where do you fit on this scale? They also score you on the average length of time all your open accounts have been open. So if you close a paid off account, you'll hurt your score because (1) you lose an old account and (2) the average age of your accounts could go down. Do not assume that you know your entire credit history. You could have unknown identity theft or file merging issues (someone else's history in your credit history because of mistaken identity, especially if you are a "Jr"). Dispute derogatory but false information on your credit reports. Get one free credit report per year from each of the 3 major Credit Reporting Agencies (CRAs) at http://www.annualcreditreport.com The above site is endorsed by the US Federal Trade Commission. See source, below. I have no legal or financial interest in any of the firms mentioned, above. Please vote: Did this help?
  3. Bad credit credit cards have been developed for people with poor credit and want to improve their credit rating. There are two types of credit cards: secured and unsecured credit cards. You have to choose between these two, based on various factors with the stable income being the crucial one.
  4. You can find a complete list of credit cards for bad credit here: http://www.asapcreditcard.com/poor-credit.html Although these offers tend to have higher interest rates (and additional fees) when compared to 'standard' credit card, they'll give you the opportunity to build and improve your credit score over time. Eventually, with regular on-time payments-- you'll be able to apply for better offers with lower APR's and less fees. But for now... these are your options. Hope this helps. GOOD LUCK!
  5. If you have a poor credit score, it is difficult to get a loan from most banks and financial institutions. Credit is usually available only at a very high interest rate.Only few companies provide loan with poor credit score.Check out link for details. http://www.acreditlibrary.com/prosper.
  6. chase,orchard bank, Capitol one ,or a secured credit card..
  7. Orchard Bank seems to be the bank of choice for people with poor credit. I do not personally like them, however, they do seem to allow most anyone to get a credit card. GOOD LUCK
* Some answers may have been provided by Yahoo! Answers.