In this day and age, access to a credit card is virtually a necessity. It’s very impractical to carry bundles of cash and paying for things is so much more convenient with plastic. But using your debit card also carries a little added risk. Lately, the credit industry has been stifled and getting a credit card has become more difficult. Our recent credit crunch is affecting consumers ability to get credit and the bank’s ability to extend credit. Even if you have a great score, it can be a lot harder to obtain credit today than it was just 3 years ago. In my recent experience, trying to get a large limit increase was nearly impossible and many card companies were slashing limits. So, what if you have a really bad credit history and need a card? Here are some tips on how to get by.
Prepaid Secure Credit Cards
A possible solution to your credit card dilemma is a prepaid debit card (i.e. secured credit cards). A secured card is a newer product that is gaining quick popularity. Prepaid cards have been around since the 80’s, but have seen a huge boom in usage recently as traditional credit cards are harder to come by. These cards are perfect to pay for purchases like groceries, household bills, or utility bills. They basically work like a debi....
Source : http://genxfinance.com