2006-09-28 11:36:43 · 14 answers · asked by elvisfansan 1 in Business & Finance ➔ Credit
If you REALLY NEED a second chance at a credit card debt, YOU REALLY CAN'T afford it! The desperation says it all.
Do what more than 20 million other people do every day--save up for whatever it is you want.
Buying on credit is one of the scourges of the last 20 years. It encourages people to live way beyond their means. The credit card companies are making interest income that was previously illegal, because the only one's who got away with it were loan sharks! Of course, the credit card companies can't break your legs if you can't repay the debt, but they can, AND WILL, take possession of your cars and stereos, and put your home up for sale to pay your debts.
WAKE UP AND GET REAL! Live within your means and quit giving these scam artists the right to 25 cents on every dollar you make!
2006-09-28 11:50:57 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You might want to try a local bank or Credit Union. They will offer you a secured loan/card. Basically, you deposit money into an account, say $500 or whatever which the bank holds. Your credit limit at that bank with that card is now $500.
You can use it just like a credit card and you will receive bills, too. Everything is the same, but you must be sure to pay the bills promptly and as per the agreement. After about 6 months or so, you can ask them to review the account. If the account history looks good, they will probably offer you a "regular" unsecured credit card. This will show recent good history on your credit report, which will look good to other lenders. As you get more credit and handle it responsibly, your credit report will continue to improve.
I'd try to work with a local bank as they are probably more willing to work with you and Credit Union rates are the best. Companies like Capitol One are likely to hook you in with a low interest short term offer and then hike it up as high as 27% as soon as they can. Just because they advertise on TV all the time doesn't make it a good thing...
There really isn't any easy quick way if your credit record is bad except to pay a fee to have the card Fed-Exed to you (don't fall for that) or crazy high interest rates.
2006-09-28 11:44:12 · answer #2 · answered by Lady Athena 3 · 0⤊ 0⤋
Capital one will give almost any one a credit card, but they do have high interest rates 35.9% apr, they set you a credit limit of 200 pounds at first and then just keep paying off the full balance every month and they will put it up, this will help your credit rating.
Good luck!
2006-10-01 22:12:08 · answer #3 · answered by vanessa s 4 · 0⤊ 0⤋
Try Capital One they usually give people a credit card to regain there credit status, but only with a credit limit of £200 to start with.
2006-09-28 11:46:49 · answer #4 · answered by ? 5 · 1⤊ 0⤋
some credit card companies do, that is only if you pay off the balance including the interest and once you have done this you have to wait 6 months before applying again.
2006-10-01 04:32:56 · answer #5 · answered by Rebz 5 · 0⤊ 0⤋
lots of banks are always willing to give you a credit card, you really are pre approved. but read the insert that explains the charges, such as intrest and then the big one that says, anual fee 90.00, participation fee 75.00 anually, acount set up fee 30.0, they are not worth it. one person said it good. you can hear the desperation. good luck.
2006-09-28 12:50:57 · answer #6 · answered by donna r 3 · 0⤊ 0⤋
i had terrible credit and FIRst Premeir BAnk gave me a card...1.88.987.5221...at first your credit will be $200 and there will be fees applied to your card at first...you'll have to pay $40 up frount and only have like $25 remaining credit you're first month...but it really helped my credit rating when they gave me a second chance to prove myself with credit...becasue it's only $200 i put my gas on it every month and pay it off...reeally really REALLY helps your fico
2006-09-29 04:20:18 · answer #7 · answered by Allyn 3 · 0⤊ 0⤋
Dont bother....cos they will just be waiting for you to default on it.
Then the extra charges will be extortionate and get you further into debt with them and you will be in a worse situation than you are now or used to be in!!!!
2006-09-28 11:46:16 · answer #8 · answered by xx_debbi_xx 3 · 0⤊ 0⤋
capital one - even if its their secured card you get to rebuild a credit history.
2006-09-28 22:46:22 · answer #9 · answered by alatoruk 5 · 0⤊ 0⤋
vanquis.... they have a high a.p.r about 30% but they accept loads, but as said by others if you need it so bad you shouldn't get one... and not so close to Christmas, for you know you will use it for the wrong reasons
2006-10-02 11:22:18 · answer #10 · answered by thenickistar 3 · 0⤊ 0⤋