Secured credit cards are made specifically for people with bad credit to fix their credit score. The requirements to be accepted are a lot less strict than for unsecured cards, but keep in mind this doesn't mean you're guaranteed approval. So even if your credit is "really bad", you still have a good chance of getting approved.
Hi! I’m glad you wrote – sorry if your credit isn’t at the level you’d like it to be right now, but it sounds like you are working to take steps to improve it. A secured credit card is a great way to begin to build it back, and even people with bad credit are likely to qualify. Wallet Hub has a great search tool for finding possible secured credit cards and offers this advice: “If you've made some missteps along the way and now have bad credit (or below-average credit), applying for one of the following credit cards could be a good first step to a fresh start (certain offers are sponsored). To rebuild your credit history you must make on-time payments to all of your creditors and maintain balances below your credit limits. By doing so, positive information will get added to your major credit reports each month and will dilute the effects of previous mistakes like bankruptcy , foreclosure, charge-offs or missed payments . Before you apply for a credit card for poor credit, however, you should compare all of the offers on this page to make sure that you’re getting the best terms for your needs. Our recommendation is that you choose a secured credit card , as it will offer the highest chances of approval and charge the lowest fees. Finally, avoid falling for the trap of thinking a prepaid card can help you build credit. While some advertisements might suggest that, it’s simply not true. “
The way I know it is: you can't get approved if you have a pending bankruptcy, or if they can't verify your identity. I'm sure there are other things that would get you rejected, but at least you should make sure you've got those two down.
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