How to Rebuild Your Credit, the Best Card for You

How to Rebuild Your Credit, the Best Card for You

There are numerous reasons that you might find yourself in a position where you need to rebuild your credit. The bottom line is that more people than ever before in history have credit problems. Recent economic problems and downturns have no doubt increased the ranks of those who have credit issues.

Bankruptcy, numerous late payments on numerous credit cards and other unpaid bills can, of course, all add up to create a situation where your credit score may not be what you would like. Likewise, if you do have less than stellar credit, you might believe that you simply can no longer get approval for credit cards. However, this is a myth. The facts are that there are indeed credit cards for bad credit, but you do need to know where to look and which companies do provide those with less than perfect credit with credit cards.

If you are without a credit card due to credit problems then getting new credit cards, and paying your credit card bills on time, will help you rebuild your credit. Let's take a look at a few of the credit cards that are best for those looking to rebuilt their credit.

One credit card company that has made a name for by helping people rebuild their poor credit is Orchard Bank. Orchard Bank has both Visa cards and Mastercards available with APRs ranging from 7.9% to 28.90%. The rate you will pay, of course, will largely depend upon your own personal credit history. Further, it is important to note that Orchard Bank cards are seen as being an excellent way to repair your credit history as they report each month to the three major credit bureaus. This, of course, means that when you make your payments on time every month, your credit history will improve.

First Premier Bank Secured Credit Card is another credit card that is currently helping those with poor credit rebuild that credit. This card is interesting in that it is secured by you meaning that you have the money in the bank to pay for whatever purchases you make. With credit limits up to $5,000 and no need of a credit history for approval, the First Premier Bank Secured Credit Card stands as a great way to build up or rebuild your credit history.

Luckily, no matter what your credit history may be, there are ways that you can rebuild your credit. Keep in mind that the two options discussed here are just two of a many numerous credit cards that will work with those who have less than perfect credit.

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