Compare Bad Credit Credit Cards

Compare bad credit credit cards

Credit card companies may enthusiastically extend 0% balance transfer offers and other incentives to potential new customers, but that doesn't mean they'll turn a blind eye to late payments on your credit report. It's a good idea to regularly check what's on your credit report by using CreditExpert to see the information about you that lenders base decisions on. There may be inaccurate or out-of-date information on your credit report and CreditExpert gives you a chance to correct or amend this.

Can a bad credit credit card really help me rebuild my credit rating?

A bad credit credit card might not be as attractive as one with a low interest rate or long 0% interest on purchases offer, but if your applications are being refused it may mean you aren't meeting the criteria the credit card companies you have applied to have set out. A bad credit credit card could, if approached with caution, prove to be a useful step on the road back to credit rating recovery.

Do bad credit credit cards have the same features as normal credit cards?

You'll be able to do everything you can do with a normal credit card with a bad credit credit card, but will notice a difference in interest rates because your credit report is indicating to the credit card company that you represent more of a risk than customers with a very good credit history. The credit limit you are offered is likely to be initially lower as well.

Won't higher bad credit credit card interest rates result in me paying out MORE each month?

A bad credit credit card could prove expensive if you don't carefully manage it. Remember that every credit card is a 0% interest on purchases credit card if you pay the outstanding balance in full every month and this is a great approach to have with a bad credit credit card as it will help your credit report improve and you'll not suffer unduly because of the higher interest rate the bad credit credit card has.

How will a bad credit credit card help me get lower bills?

If you are careful with it, a bad credit credit card can both give you the flexibility and security that credit cards offer while putting you on the right path to an improved credit history and potentially lower interest rates all round, which could help you pay out less each month when a large value transaction means you can't pay off your bill in full.

A bad credit credit card could help you improve your credit history. Compare bad credit credit cards now!

Bills that remain unpaid can result in default notices that appear on your credit report. Lenders want to ensure the products that have the best interest rates, such as the credit card with the longest 0% balance transfer, or the mortgage with the lowest interest rate, are made available only to creditworthy customers. If you use LowerMyBills to help you pay lower bills now, your own money could go further and make it easier to ensure you don’t miss payments and fall into default. A bad credit credit card can - if used correctly - help rebuild your credit history.

Experian® - the company behind LowerMyBills – also provides CreditExpert, which gives you access to your credit report and score enabling you to see what lenders see about you when they make a decision about which financial products or services are available to you.

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