| Bad and Adverse Credit Credit Cards |
If you have a poor or no credit rating then there are several cards on the market that can help you rebuild your credit file and obtain credit limits from £200 up to £2500. These cards are designed for clients that may have been declined elsewhere or have had financial problems in the past. These cards can even help you rebuild your credit history.
Compare which card could be right for you
About Credit Cards Designed For Bad Credit
What are they?
A product developed specifically for clients wishing to re-build or re-start their credit history - adverse credit cards offer many a second chance at financial recovery. Ideal if you’ve recently recovered from a period of financial difficulty or have been declined by a ‘prime’ card provider.
An adverse credit card does not differ hugely from its ‘prime credit card’ sister. The application process is much the same, subject to status. The advantage being that the adverse credit card provider acknowledges that the applicant has probably experienced some financial difficulties in the past, so makes some provision for this when making a decision on whether to accept the application. With no discernable difference in appearance to their ‘prime’ counterparts, adverse credit cards have no visual or perceived stigma attached and offer the same freedom of choice where client spending is concerned - internet, telephone and over the counter usage are all permitted.
Pros
Adverse credit cards provide an excellent opportunity to re-establish a client’s credit status. Credit limits are set at an affordable amount so that budgeting is established and over spending discouraged. This helps a client not to overstretch themselves, thus encouraging a more balanced approach to credit facilities. Over a period of time, the cost of borrowing, the APR, can be re-considered and reduced. Credit limits may be raised after prolonged acceptable useage.
Cons
The cost of borrowing on credit cards, especially adverse credit cards, can be extremely high. If a client has not budgeted correctly, they may find themselves in a situation where their repayments become too costly. Without disciplined use, an adverse credit card may result in accumulated debt that is not met.
 EDITOR'S CHOICES
Four Credit Cards Designed For Bad or No Credit
No Credit Check Loans Up To £1000 Paid Today
Guaranteed Award Winning Prepaid MasterCards
NEED A QUICK CASH LOAN
Up to £1000 quick cash loan paid today with no credit checks or documents needed. Repay the loan on your payday or over a period of months.
WANT TO SHOP ONLINE?
Need a credit or debit card. Compare prepaid credit cards. Guaranteed acceptance regardless of your credit history. Use online, over the phone at ATM's and anywhere MasterCard is accepted.
CREDIT CARDS FOR BAD CREDIT
Rebuild your credit with a credit card designed for those with a bad or no credit history. Compare various cards to get you the credit you deserve.
CONSOLIDATE YOUR CREDIT
Tenenat or homeowners get an unsecured loan of up to £25,000 even if you have arrears or a bad credit history. There are lenders that can help.
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