thats around £6000 p.a.
2007-02-02 21:32:31 · 10 answers · asked by john764736 1 in Business & Finance ➔ Credit
Secured Credit Card is similar to a prepaid credit card since the funds you are using are actually yours and not the issuer of the credit card. Generally people who apply for secured credit card or prepaid credit card are people with poor credit or unemployed. Prepaid Credit Card spending limit is the amount of money you loaded to the card. There are no interest or finance charges on a prepaid card. With secured credit card, your credit line could be from 50% to 100% of your deposit depending on the institution giving you the secured credit. Therefore the company giving you the secured credit card has zero risk.
Secured credit card can be very beneficial because it gives you an opportunity to rebuild your credit history and you are able to make purchases just as if you had an unsecured credit card. Many companies require that you have a credit card to make purchases, such as car rental, airline tickets, etc. Ensure that the company issuing the secured credit, routinely reports customers' payment history to any of the three main credit bureaus namely Experian, Equifax and Trans Union. This reporting to the credit bureaus will rebuild your credit history over time.
there is so many credit card thats are available for anyone on a low income. Go to http://www.card-city.com/ and get best credit card which is best for you.
2007-02-04 18:38:16 · answer #1 · answered by brady ewart 3 · 0⤊ 0⤋
Some companies will give you credit cards or store cards. I believe they base it on working a minimum of 16 hours a week.
Capital One offer credit cards for people with bad credit history or no credit history, with credit limits between £200 and £2500! However nothing comes for free in this world, they charge a MASSIVE 35% interest on purchases.
Think carefully before applying for a credit card, they can get you into all sorts of trouble.
2007-02-02 21:38:53 · answer #2 · answered by linkysplinx 3 · 0⤊ 0⤋
If you are on a low income I would strongly recommend that you do NOT get a credit card. Credit card debt in the UK is rampant and can only lead to misery.
2007-02-03 21:52:14 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Don't go there, if you can't afford to buy the thing you can't afford to buy it with a credit card. OK I appreciate that some things are much easier to do with a credit card especially if you live in one country and do business in another, but seriously, stick with a debit card.
2007-02-02 21:41:59 · answer #4 · answered by gerrifriend 6 · 0⤊ 0⤋
Go on the web type in adverse credit cards and one of those lenders might give you a card with a small limit.
2007-02-02 21:50:44 · answer #5 · answered by FRANK W 2 · 0⤊ 0⤋
Vanquis and Capital one are the main players.
They both have high interest rates if you don't pay in full, so if you use one pay it off in full each month.
There are also pre-paid cards available that oyou pay a monthly fee for.
2007-02-04 03:43:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Take a look at this http://sirlook.com/4rmt9 article i found it should answer your question and also has some good information on credit cards and finding good deals etc.
2007-02-04 02:57:51 · answer #7 · answered by gooner1212 3 · 0⤊ 0⤋
capital 1 but ur credit limit will be low
2007-02-02 21:56:02 · answer #8 · answered by Anonymous · 0⤊ 0⤋
If you are attending college or university, you'll find you'll be offered applications left and right.
2007-02-02 21:38:23 · answer #9 · answered by ladybugewa 6 · 1⤊ 0⤋
there is always one for everyone
2007-02-06 03:56:21 · answer #10 · answered by tennessee 7 · 0⤊ 0⤋