Getting A Credit Card With A Poor Credit Rating

As we are all aware the major credit card providers only really give credit where

they are fairly certain that they are lending to someone with a good credit history. Major banks are like someone happy to lend an umbrella when the sun is shining. But as soon as there is a cloud in the sky they want it back, with interest. This is especially true in the current economic climate with the squeeze on the banks and the banker bashing going on by Fleet Street and the other media.

Many of us have, for one reason or another, ended up with a bad credit rating. It can happen from bad luck or because for a few months you were unable to pay off everything you owed. Now you find that the normal high street lenders do not want to know your troubles. Their business, as they see it, is to only bet on what they regard as safe bets. If you have a slightly dodgy credit report forget about getting a credit card.

There are however many lenders who are happy to take bigger risks and will lend to people who have had some troubles in their past. People looking for credit cards for bad credit history need only look here.

It is an easy page to navigate and immediately lists the top 10 credit cards on offer for those with bad credit. Most UK credit cards, especially those with the lowest interest rates, are for main stream borrowers but they do have some credit cards on offer for those with bad credit. These cards, being a higher risk, attract a higher interest rate. This should not be serious if you can manage to pay off the card every month.

The website describes the credit line available, the interest rate associated with the card, and additional statistics such as annual fee, what the card is meant to do, and supplementary characteristics that the card might possess, such as identity theft protection. The site also has a search function down the left hand column. On this list you can choose the card by issuing bank. Above that you can select options for a credit transfer, travel cards, and further types of cards that are available on this website.

The approval process is much faster than a normal bank so if you are actually in need of cash urgently up to 1000 pounds could be credited to your bank by tonight.

There are obviously terms and conditions and it is your responsibility to read and agree to these as part of the application process. to these as part of the application process. You are advised that it is important that you be aware of these as ignorance of one term or another is no excuse in any dispute.

But if you are in need of a credit card, or a short term loan and are prepared to accept that you will pay a higher APR than that offered to someone with a good credit raeport then help is at hand.

by: Chris Finch

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