Problem Credit Card

Even with problem credit you can obtain a credit card. Here are some options for you.

Just because you have problem credit, that doesn’t mean that you cannot get the ball rolling with a card that will allow you to bring your credit score back up. Here are a few places that accept problem credit and can help you to improve your credit history.

Orchard Bank® Classic MasterCard® - Most Credit Accepted and Approved - 30 Second Approval Process - Offers both Secured and Unsecured Cards

 

Platinum Zero® Secured Visa® Credit Card - All Credit Accepted - Secured Platinum Visa Card - Limit from $500 - $5000

 

If you have problem credit, you may have trouble finding a credit card that works for you. Problem credit is what we usually think of as not bad but not good. It is a lower end credit score but is still much better than having only bad credit, we could call it bruised credit for all practical purposes. The good thing about it is that with problem credit you can still find a credit card company that will take you on, and in many instances one of the unsecured variety. This is great. It allows consumers to gain some credit, and also the opportunity to build up some more credit and pull their credit rating up from the problem level up to the good rating!

Depending on the problems with your credit, you will either get an offer back for a secured or unsecured credit card. Both provide you with an excellent opportunity to improve your credit rating, in fact, they can both have just the same influence. I know some people seem to look down on having a secured card, but the fact is, they help, tremendously. Often times within a short period of time, sometimes as little as 6 months, consumers can have their secured card turned into a unsecured card and it will operate just like normal. The key with both is, even the secured cards, to keep up with your payments. I generally recommend not maxing out a card, and carrying a small balance. Say you get a 500$ limit (which is pretty typical) I would charge no more than 50-60% of that balance, and each month, pay at least 50% towards the balance. This shows that you are carrying a balance, and paying more than the minimum payment.

Overall, if you have problem credit you are presented with a great opportunity with these cards to reverse course and really improve your fico score, which can save you lots of money in the long run. With an improved fico score you can get better interest rates on things such as personal loans, auto loans as well as mortgages. Over the course of years that these loans carry, you could be saving yourself thousands of dollars by improving your credit score into the good range. It is something that should not be taken lightly.

Many people with questionable credit may look to services that offer credit repair. Generally these services offer something that you can do on your own which is disputing items that appear on your credit report. While this method can help, the best way to improve your credit is by establishing some great items on your report in conjunction with getting old or incorrect items removed. We recommend that all consumers take advantage of the yearly free credit report that they are entitled and monitor and dispute items as needed.