subject: Bad Credit Bank Account - Why That May Not Be What You're Looking For! [print this page] Banks are some of the oldest institutions in the world! Outside of what has been going on lately with banks going under due to the recent mortgage crisis, most major banks will be around for a long time. It seems that the bank is the only place to place that hard earned paycheck right? Well I'm here to let you know there is another option besides a bad credit bank account!
Prepaid Credit Cards As An Alternative To Bank Accounts
A prepaid credit card is similar to having a a bank account, but with some distinct advantages!
Have you ever overdrawn your bank account? It happens, and the overdraft fees can be pricey! Depending on who you bank with you may also see a continuous overdraft fee until you make another deposit. By time you make another deposit you are already broke due to all of the fees.
With a prepaid credit card you deposit a set amount into your account, when you run out of money, well that's it. No overdraft fees!
Tired of being turned down by banks? Are you in the ChexSystems database? Do you have bad credit or NO credit? Save yourself the hassle, and get a prepaid credit card. With a few requirements you are guaranteed 100% approval.
Here is some more incentive! Most traditional bank accounts don't help you build credit.
Did you know that most of the major prepaid credit card companies have programs that will help you build credit? All you have to do is use your prepaid credit card to make payments for the bills you're going to pay anyway like rent, electric, gas, cable and so on. They will report this back to a major credit reporting agency!
There are so many benefits to using a prepaid credit card vs a bad credit bank account, it's certainly something you should consider before applying for that next bank account.
Take the next step and check out our prepaid credit card offers page. Simply pick your prepaid credit card and apply right on the spot. It couldn't be any easier!
Bad Credit Bank Account - Why That May Not Be What You're Looking For!
