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bad credit credit card?

I want to get a credit card to rebuild my credit, but I have alot of hospital bills and what-not on my credit... any help?

Public Comments

  1. Your best bet is to start out with a secured credit card. You will have to put down a deposit of $300 to $500 dollars.
  2. Orchard Bank, Household Bank and Merrick Bank have the best for poor credit card holders and not such high fees and interest rates. Merrick gives you a higher credit limit, but househols has no fees/ You can apply to them online
  3. Caterina is correct, to secure a line of credit at this point you will have to provide some collateral. Deposit a lump sum in at GIC or other interest bearing account that is locked in for a period of time. Then ask for a credit card secured against the funds.
  4. you can go for a secured credit card--you give them, let's say, $500 and they give you a card with a $500 limit. after a specified time period, if you've made all payments in a timely fashion, they'll return your deposit. they do report to the credit bureaus, so it will help you re-establish. Don't go for the cutthroat cards--premier, orchard, etc.--they'll rip your head off with fees and rates.
  5. Orchard Bank and First Premier Bank have cards for people with bad credit the fees are high but it's worth it if you want to reestablish credit and they both report to the 3 credit bureaus so that's a plus
  6. 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.
  7. There are other ways to build credit other than with credit cards. Start by working to pay off the bills in a timely manner. Getting a credit card will only make it easier to spend money you don't have which then starts accumulating interest. After time, you have difficulty making the minimum payments and you are now in worse shape than you were in before you got the credit cards. Stick with using cash or at worst a DEBIT card which will pull money directly from your checking account to pay the bills
  8. Hi, try to go on this website: http://www.gotoinfolink.com They have a section about bad credit. Hope that help ! Jeff
  9. If you get card offers in the mail - apply on one of those - no fee if possible. Otherwise - get a "take one" application at a merchant and apply. If you really have bad credit - go to Citibank or Bank of America and apply for a "secure card" - you will need to put up money as collateral - and your credit line will be equal to what you do put up. You will earn interest on that deposit, Pre-paid cards do NOTHING to establish credit as they are NOT credit cards.
  10. I'm so glad to hear you're trying to rebuild your credit - just deciding that is an important step many people never take. Some good ideas for getting a credit card have already been suggested, but have you also considered getting a free credit repair consultation? http://mortgageous.com/healthy-credit A reputable credit repair organization can help you get harmful entries removed from your credit reports and they can even help you negotiate lower rates and settlements with your creditors. You can try to do those things on your own, but it's a lot easier with specialists helping you out. Good luck and good credit!
  11. Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is astraight to the point ebook with question and answer I found : http://umgarticles.atspace.com/debt-consolidation.htm if it helps kindly remember me in your voting!.. cheers!
  12. You can definitely get a secured card, and may even qualify for an unsecured credit card. But not all cards offer the "credit rebuilding" feature of reporting your timely payments to the major credit bureaus. Be sure the card offers these features: #1 Reports to at least one credit bureau #2 Does not have an annual fee above $300 #3 If the card claims to be "unsecured", make sure it is indeed a regular unsecured card. There are some unsecured cards that are 'shopping cards', which means you cannot use them for buying groceries, clothes, etc, you can only use them to buy products from one particular website. Those types of cards are like the cards you get from Sears, WalMart, etc, where you can only use the cards to buy from them. You can find real unsecured credit cards like Visa and MasterCard, as well as secured cards at Credit Federal
  13. There you go : http://simple-credit-cards-and-loans.com And because fixing your credit is a priority : http://index-go.com/improve-credit-score-get-out-of-debts-fast.asp Good luck !
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