If you have bad credit and you're looking to find a credit card that will help you improve your score over time, you should be looking for a secured credit card. If you're unfamiliar on how they work, I'll give you a quick cliff note version.
Since you're at high risk to most credit companies, you're going to have to prove to them that you can pay off your bill. IN order to do so, they are going to ask for a deposit. This deposit is going to be your credit limit. Let's say you put $500 on the card, this will be your credit limit. Now, the card works like a credit card but if you don't pay your bill off on time, the company will dip into your account and take the money they need. This again will hurt your credit score. If you pay it off on time, you will only see an increase over time.
Now, the question is how do you find a card like this? It's actually quite simple. The first step you want to take is by asking your bank. Many major banks have a secured credit card that you may not know about. Call them up or ask a teller at your local branch. If that fails, do a quick search online to find what you're looking for. You'll find that there's a great selection out there that can help you out.
In the end, make sure that you do your homework and find the card that works best for you. Pay your card off in full and you'll see your score rise over time.
Find secured credit card applications and more of Tom's work all at FINDsecuredcards.com.
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