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Sunday, March 11, 2012

Secured Credit Cards For Bad Credit Instant Approval

Looking for bad credit credit cards? Having trouble getting approved for a new credit card?

Bad credit credit cards are designed for people who are unable to qualify for a regular credit card. There are many reasons why a person is denied for a credit card. Possessing a credit card is very useful. However, if you have no credit history, and you are hoping to establish credit, many credit card companies place you in the same category as a person with bad credit. Why? If you have no credit history, lenders cannot judge creditworthiness.

There are two types of bad credit credit cards. Secured credit cards ask applicants to submit an application with a down payment. With an unsecured credit card, a down payment is not required. However, these credit cards carry a high interest rate, and steep penalties for late and
missed payments.

Our recommended credit cards for bad credit, secured credit cards, and prepaid debit cards are specifically designed for people with less than perfect credit. If you have bad credit, limited credit history, or no credit history at all, read our expert reviews below and choose the best credit card to help you begin reestablishing your credit history.

Even if you have horrible credit, it's never too late to get your credit back on track. The credit card offers on this page, both secured and unsecured, will help you build your credit as long as you maintain all balances below your credit limits and make your monthly payments on time. It's as simple as that. Live within your means, use credit sparingly, pay your credit card bills on time, and your credit scores will continue to improve.

Bad credit credit cards are for consumers with FICO credit scores below 650. If your credit scores are above 650 but below 700, try comparing credit card offers in our Credit Cards for Fair Credit section instead.

There are three main types of cards we show on this page that can help you if you have bad credit: Unsecured credit cards, Secured credit cards, Prepaid cards.

If you're having a tough time deciding which credit card to get or how credit cards can help you rebuild your credit, read our "How to Rebuild Credit with Credit Cards for Bad Credit" section below.

For more information please visit www.creditnet.com

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