Credit Cards For People With Bad Credit or No Credit History

Credit cards are convenient, reliable and offer worldwide acceptance. Having one could mean the difference between getting the necessities of life and doing without.

Increasing medical bills, education costs, housings prices, utilities and other cost of living expenses, make it difficult not to use credit cards for purchases. If you are barely scrapping by, you may need all your cash to pay for your hardcore necessities - rent, mortgage, car note and utilities. This many leave you with no money for other goods such as clothes or even grocery items.

One’s credit history is becoming increasing important. It is estimated that approximately 10% of the US population struggle with some form of bad debt. Consumers in this demographic have difficulties getting credit cards, home loans, car loans or personal loans.

When you apply for a loan or a credit card, your potential creditor, immediately pulls your credit history file to see what your FICO score is. Your FICO score is an indication of whether you are able to repay your debts on time. If your FICO score is low, creditors view you as a credit risk and are hesitant to extent you a line of credit.

With all that said - the internet has created an increasingly competitive credit card and loan market. The world wide web has pushed credit card issuers and mortgage companies into offering targeted lines of products to consumers struggling with “credit-issues”.

Reference the list of Secured Credit Cards and Unsecured Credit Card issuers.