Secured Credit Cards For People With Bad Credit

A secured credit card is the best type of credit to apply for when you have bad credit. You perhaps have had problems in the past that kept you from paying your bills on time or perhaps you lost your job and were not able to make payments for a while. Then you should apply for a card this will help you to rebuild your credit. Make sure that you apply for your secured credit card at a major bank that will make the credit report to the three major credit reporting bureaus.

There are several reasons that a secured card is much better than the sub-prime unsecured credit cards. The first reason that you should look into is the fact that the fees are not nearly as bad and most of the time you can negotiate for an unsecured card after a time of proven credit record. You are normally only charged a one -time application fee that ranges from $30 to $150. There is usually no annual fee and you are normally not charged a monthly maintained fee. Once you have used your credit card and made timely payments then you have build your credit score to a better one then banks will start offering you unsecured cards. This is the time that you should build your credit score by accepting at least one card but do not over extend yourself. This is your opportunity to build your credit by using a card as a stepping stone.

If you have bad credit, you don't need to make this your only option. There are many other ways out there to bulid your credit once again. From prepaid cards that help to unsecured based cards. As long as you do your homework, you should be able to find the one that fits your needs.

Find a secured credit card that can help build your credit as well as more of Tom's work all at FINDsecuredcards