Credit Cards For Very Poor Credit
Posted by admin on April 17th, 2009 at 12:00am
Question:
Hello, I have a very poor credit history and I am looking to get those debit/credit cards advertised online that are PrePaid?
I am searching at Wired plastic as well as All Access prePaid Visa. Essentially you pay for the card at a store or western union and you have cash that you deposited. They might charge you a fee every month and so on.
Can any of you please suggest good credit cards for very poor credit you’ve been using?
Answers:
Try to avoid those prepaid card rip-offs. There are far too many fees involved, as well as charges and if you do not use it within a specified period of time, you lose whatever balance you had.
You are much better off to get secured credit cards for very poor credit at any bank or credit union. You basically deposit the funds and they will hold them in the scenario that you do not pay the monthly bill. The more you give, the higher the credit limit becomes and most do not charge you for this service.
It’s a decent way to start to establish your credit, so you should definitely look into it.
Hope this answer assists you at all.
Do not get a New Millenium bank credit card, since they will screw you anyway. I got a prepaid card and when I attempted to close it, having given them 200 dollars and being charged 180 dollars, they opened through another number and began charging me for late fees. Now they say I owe them five thousand dollars on an account I charged 180 dollars on and prepaid 200, which really means they owe me twenty dollars. Be wary, because everyone wants to screw you. The prepaid cards are going to have large finance charges, and almost all of them want to charge you gigantic fees just to open the account.