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Bad Credit Credit Cards Prepaid Secured or Unsecured

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					Title:
Bad Credit Credit Cards - Prepaid, Secured, or Unsecured


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348


Summary:
Bad credit credit cards are considered the best choice for credit card deals if your credit score is below 550.
In today's market there are many companies offering credit cards that are designed for bad credit.



Keywords:
bad credit credit cards,prepaid credit cards,secured credit cards,unsecured credit cards



Article Body:
Bad credit, credit cards are just like regular credit cards but with much higher interest rates and usually an
annual fee, sometimes $50 a year and higher. Bad credit, credit cards can save your credit or make it worse
if your not careful. Bad credit cards with guaranteed approval are available, but usually these types of bad
credit cards charge twice the amount in fees and interest rates. The average consumer needs to be sure they
are mentally and financially able to take the responsibility of credit once again, before applying.


Debit Cards


To get a debit card you need to open an account with the bank of your choice and make a deposit to the
account. The bank is not actually giving you any credit at all. The purchases that you make with the debit
card are taken from the funds that were deposited into the account, be aware that most banks do not report
debit card activity to the credit bureaus. Most credit experts recommend that you start rebuilding your credit
from secured bank credit cards, and then in time when your credit starts to improve switch to unsecured
ones. Orchard bank and First PREMIER bank are just a couple that have great options for repairing bad
credit.


Credit Card Deals


Bad credit credit cards are considered the best choice for credit card deals if your credit score is below 550.
In today's market there are many companies offering credit cards that are specifically designed for those
who have less than a perfect credit score. Make sure you take your time to compare bad credit options
thoroughly. once your credit score reaches the 650 range, you will be eligible for some of the best interest
rates and lines of credit.


There are a few different types of bad credit credit cards available today: Prepaid, Secured, and Unsecured.
Secured credit cards for bad credit usually have much better interest rates than unsecured cards for bad
credit. Most APR rates on bad credit cards are very reasonable offered by credit card companies
considering the risk they take on bad credit applicants.




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posted:12/31/2011
language:English
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