Why Do Customers want a Bad Credit History Credit Card?
Whilst some customers simply want a way to pay their bills and manage their finances better, others are seeking a way to rebuild credit for the future. It can be almost impossible to book a hotel room or get the car repaired without a charge card. Poor credit credit cards are physically identical to their mainstream equivalent so very few people will ever know that adverse credit is an issue. Types of Poor Credit Credit Cards • Pre-paid credit cards. The customer loads the card with their personal funds. Although there is no credit limit, an application is guaranteed to be accepted. Helpful for managing finances. • Unsecured credit cards for bad credit. Although the credit limit is low, lenders will report to credit reference agencies. Limits can be increased once reliability has been proven. • Secured credit cards. Providers lend money on the basis of collateral. Security could be a house, car or even a cash deposit. Higher credit limits are available and lenders will report to credit
