Credit cards for bad credit
Credit card debts is one of the most difficult debts to get rid of, and is greatly emphasized to be consolidated as soon as possible.
Not only are there usage fees, but over limit fees, interest charges, and late payment fees, not to mention payments are not always paid in the order that most people assume, but are paid in such a way that your highest interest debts are cleared the last, it is no wonder credit card debts are the number one concern for many people.
As expected people who fall into this scenario find their credit rating very quickly diminishes, to the point that they are unable to obtain credit cards or any other standard loans
And are constantly stuck in a rut, where their credit rating spirals down, and their debts spirals up.
In this area it should come as no surprise that credit companies have risen that specialist in giving out credit cards to people with bad credit.
Ofocurse as to be expected the APR (annual percentage rate) of these credit cards are little higher than for people with good credit, and can go up by as much as 39.9%. People with good credit can expect an APR of about 9 – 15%. This avenue of providing people with bad credit with credit cards can obviously become very lucrative for the companies involved, and no doubt serves a need for those seeking the credit cards.
However credit cards for people with bad credit should not be seen as a means to get into more debt but should be used if you can clear the balance each month, as the APR can get pretty high.
Visit credit cards debt help, for credit cards debt and general debt consolidation.
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