Unsecured Credit Cards For Bad Credit


Many people are dealing with issues of bad credit thanks to a wide variety of problems that have happened throughout their lives. If you have bad credit but no longer have financial troubles, you might find it a little hard to regain the trust of creditors. Whether your bad credit was a result of a divorce, an overload of medical expenses, or loss of employment, you have to take your time to rebuild your credit slowly.

Unsecured Credit Card

One of the biggest problems people face is that in order to build their credit, someone has to extend them credit. However, not many creditors are willing to take a risk on someone with a low credit score. Because of this, you are going to have to do a little work on your end to make sure that you are getting the best chance of new credit in the future.

Fix The Past

The first thing you need to do is to address any unresolved issues from your past credit mistakes. No matter how small the unpaid debt is, you need to pay it. If you have unpaid debts that are rather large in size, they need to be addressed. If you do not have the money to pay off the debt at once, you can make repayment arrangements.

By doing all of this, you are putting yourself that much closer to qualifying for unsecured credit cards. However, you may still find that you have a little time to wait. You might have to take more action until you can get back to the point where you are being accepted for one unsecured credit card after another.

You may find that even after you take care of your old debts that it will take a little while for your credit score to adjust. This is not something that happens overnight so keep this in mind. You have to have patience with this. It takes a few days to ruin your credit but months to rebuild it.

Give Your Score A Push

A great way to give your credit score a shove in the right direction is to apply for a secured credit card. A secured credit card is a card that only gives you a spending limit that is equal to the amount you deposit onto the card. However, with the monthly payments, your information will be reported to the credit agencies. Make sure that you are paying everything on time and this should help to increase your credit score in no time at all.

Once you have gone through all of this, there should be no problem with your application for the unsecured credit cards. Just make sure that you are only applying for the best cards on the market and that you are spending responsibly. The last thing you want to do is to land yourself right back in the same situation that you just dug yourself out of.

As you can see, you have a few different things you need to do so the sooner you get started with the process the better. You never know when you are going to need credit for emergencies so it is best to have an unsecured credit card on hand at all times.

Below is a listing of financial institutions that offer unsecured credit cards with bad credit:

Fingerhut Credit Account
Reviewed by Thomas Vargo on .
A credit account that can be used to buy merchandise at Fingerhut. Find out instantly if you're pre-approved with Fingerhut Credit.

A Fingerhut credit account is issued by WebBank and was designed to help people with poor credit or no credit. When you apply for Fingerhut Credit, two options are available; Fingerhut FreshStart and Fingerhut Credit. Their motto is "We say YES when other say no!" Depending on your credit history, a down payment of thirty-dollars may be required on your first order.
Rating: 4.5

Horizon Gold Card
Reviewed by Thomas Vargo on .
A bad credit unsecured credit card by Horizon Gold Card.

Horizon Card members are guaranteed to receive an initial $500 credit limit provided that they are 18 years of age or older, a legal U.S. resident, furnished accurate identity and application information, plus an active debit card or credit card already established . They will not check your credit report and payments will be reported to a major credit bureau as an unsecured credit line. However, the credit card can only be used exclusively on purchases available through the Horizon Outlet Website.
Rating: 3.0

First Premier Bank Gold MasterCard
Reviewed by Thomas Vargo on .
A bad credit unsecured Gold MasterCard credit card by First Premier Bank.

Designed for those with less than perfect credit and your account history is reported to the major consumer reporting agencies. If approved, you have to pay a $95.00 processing fee to open your account to access your available credit.
Rating: 3.5

Applied Bank Visa Business Card
Reviewed by Thomas Vargo on .
A bad credit unsecured Visa Business credit card by Applied Bank.

A credit card designed for business owners with less than perfect credit. They can approve you for a business credit line of up to $750. There is a one-time account origination fee of $125 and a $9.95 monthly maintenance fee. Applied Bank will report your account and payment history to consumer reporting agencies.
Rating: 4.5

Did You Know? Establishing or re-establishing a good track record of making payments on time will raise your FICO credit score. Paying your account on time each month can help you qualify for a future automobile loan or home mortgage and could even help you land a new job. Send at least your minimum payment on time every month. By limiting your charges to 30% or less of a credit card's limit can have a positive effect on your credit score.

Disclaimer: Our Company has a relationship with Fingerhut's affiliate program that provides compensation to us for every new customer that signs up for a new credit account.