How to Get a Credit Card If You Have Bad Credit
There are numerous reassons for getting bad credit. You could have an unexpected illness, you could have your home foreclosed, you could lose your job. Regardless of how you got bad credit, the key thing to remember is there is something you can do to correct it.
For those of us with bad credit, it can be frustrating and humiliating, but don’t let it get you down. While it may be very frustrating to continue to get turned down for credit card offers, you need to keep an upbeat tone.
My name is Kim and I’m here to help. I’ve put together these 3 simple tips to start you on your way to getting your credit back on track and in good shape again.
The key to getting approved and getting your FICO score back on track is to establish yourself as a credible lendee. Your FICO score is what banks use to determine your credit worthiness. If you have previously not paid your credit card bills or filed for bankruptcy, you need to be able to prove that you are once again able to be trusted with a credit card.
Below are 3 general guidelines you should use when applying for a credit card to guarantee you’re approved.
1. Apply for multiple cards all at once.
Each time you apply for a credit card, your credit score takes a temporary reduction. However, if you apply for 3-4 cards on the same day, your score will avoid the reduction on that day.
2. Start with a secured credit card.
If your credit is so bad that you keep getting rejected, your best bet is to use a secured credit card with a small limit as a way to build back up your credit score.
3. Consolidate your credit cards.
When you merge the credit cards you have into a single installment loan, you can instantly start building back your credit. Contact your bank for information on credit card consildations.
There are numerous reassons for getting bad credit. You could have an unexpected illness, you could have your home foreclosed, you could lose your job. Regardless of how you got bad credit, the key thing to remember is there is something you can do to correct it.
For those of us with bad credit, it can be frustrating and humiliating, but don’t let it get you down. While it may be very frustrating to continue to get turned down for credit card offers, you need to keep an upbeat tone.
My name is Kim and I’m here to help. I’ve put together these 3 simple tips to start you on your way to getting your credit back on track and in good shape again.
The key to getting approved and getting your FICO score back on track is to establish yourself as a credible lendee. Your FICO score is what banks use to determine your credit worthiness. If you have previously not paid your credit card bills or filed for bankruptcy, you need to be able to prove that you are once again able to be trusted with a credit card.
Below are 3 general guidelines you should use when applying for a credit card to guarantee you’re approved.
1. Apply for multiple cards all at once.
Each time you apply for a credit card, your credit score takes a temporary reduction. However, if you apply for 3-4 cards on the same day, your score will avoid the reduction on that day.
2. Start with a secured credit card.
If your credit is so bad that you keep getting rejected, your best bet is to use a secured credit card with a small limit as a way to build back up your credit score.
3. Consolidate your credit cards.
When you merge the credit cards you have into a single installment loan, you can instantly start building back your credit. Contact your bank for information on credit card consildations.