No Fee Credit Cards For Bad Credit
Posted by admin on February 24th, 2009 at 12:00am
Question:
What types of credit cards are there which are no fee credit cards for bad credit and are easy to be approved for, even with poor credit?
Answers:
The very best card that I suggest is from Orchard Bank. They are owned and operated by HSBC, one of the biggest worldwide loan institutions and the Orchard Bank brand is focused on people with bad credit. Based on how poor it is, you could get no fee credit cards for bad credit, an unsecured card with a small fee, or a secured card without any fee. In any case, as long as you don’t go above the limit and make at the very least your monthly minimum payments, they will remain raising your credit card limit, while giving favorable reports to the credit companies.
If you are not aware of how bad your credit is, obtain a free credit report, look to see that everything that’s on it is accurate, and challenge anything that does not look right. If the creditor cannot prove it, the credit reporting companies are required to remove it. Check the link below, which is provided by law, and is not a site like freecreditreport.com, which is not actually free.
http://www.orchardbank.com/
https://www.annualcreditreport.com/cra/index.jsp
Contact with Visa and ask, and there is going to be a card that you can get. However, your interest rate is going to be really high and your credit limit will be very low. If your credit rating is bad, this is a decent place to start rebuilding it, but do not let it get out of hand. Repair your credit the right way.