Is there a way that a person can restore there credit and still get a credit card with bad credit.?

Answer 1

yes a secured credit card is possible

Answer 2

So for starters, you need to know where you stand credit-wise. You need a copy of your credit report and score so you can get an idea of what you’ll need to do to increase your score as high and as quickly as possible. Scores don’t change very quickly, so now is the time to find out where you’re starting from and get working on improvements so you’ll be ready when you want to buy a car, a home, or even get or change jobs to one that might take a peek at your score to see ‘what kind of person you are.’ Start with a credit reporting site—it’s best to get reports from all three major credit reporting agencies because when a potential lender looks at your credit, they look at all three (the scores will be different for each, since their criteria are different for determining scores), and they’ll come up with some type of combined or median score to determine which interest rate they’ll offer you for your car or home purchase—the better the score, the lower the interest rate you can get. [see the link at the end of this article for the fastest route to a good credit reporting site]

A great way to get started if you have no credit history yet is a prepaid credit card. With these, you put the money up and then go shopping. You might put $250 in your account, use the card for groceries, and ante up another $250 (or whatever amount you choose) when you’re about to run out. These are perfect for people with no or very bad credit—you’re guaranteed to get the card and can start building a credit history immediately. Then, after a couple years of handling that card responsibly, you should qualify for a ‘real’ credit card.

If you have only a little credit history built up (maybe from using one of those prepaid cards), your best place to go next is to get a credit card with a low credit limit, and preferably no annual fee. Use it for only a few purchases each month and pay it off when the statement comes in the mail. Lenders will be looking at your credit report for the length of time you’ve had a credit card as well as whether you pay on time.
you can get more information at: http://www.card-gallery.com/

Answer 3

Restoring your credit so you can qualify for low interest credit cards and loans is a myth perpetrated by scam artists. That isn't to say it can't be done, but it is definitely unethical and sometimes borders on illegal.

The way it works (usually) is they will bombard the credit reporting agency with letters disputing the validity of any negative items on your credit report. By law, the agency must give the company you have bad credit with certain length of time (usually 30 days) to verify the information or it must be removed from your credit report. By the time the same information is disputed a third or fourth time, the company gets tired (you hope) of responding, therefore the information is removed.

Credit reporting agencies are onto this scam and will not allow it to happen when they catch it. There are laws dealing with this, and trying this may get you a nasty letter from the agencies.

Answer 4

Pay off your debts. Don't try to get a credit card with bad credit. Once your credit is starting to look better after you'd paid off everything, that's when you should apply for a card. Your interest won't be ridiculously high, but keep in mind that you won't start out with a high limit either.

Answer 5

Secured cards. You may have to pay certain fees but it's what you get for getting bad credit. Use secured cards until derogatory info drops off your credit report, which can take 7 to 10 years.

Answer 6

A secured credit card would be a start, also try to clear up any unpaid stuff that is lingering. Also don't mess up whatever bank accounts you have. If someone is willing, and has a credit card, they can put you on their account, they don't even need to give you the card, and it doesn't need to be used. That will help put good points on your credit.

Answer 7

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

Answer 8

Pay all your bills for seven years.