http://www.creditcardsforbadcreditnotbadpeople.com/ In this video I tell how I found several Credit Cards for bad credit individuals like myself. Actually my credit was horrible not just bad. I had filed chapter 7 bankruptcy my real estate business was bankrupt I have over 10 homes foreclosed on! The idea that I was ever going to be getting a credit card with bad credit, such poor credit was disheartening. I also had 2 cars repossessed, I felt like I had the worst credit on earth. When things were going good in my life and my credit was great I could get a signature loan in a heartbeat, I had an American express card that had no limit as long as you paid it off the next month. After the Bankruptcy the only way I knew how to get credit cards with bad credit was to apply for secured credit cards for people with bad credit.
After my bankruptcy, I didn’t know how I was ever going to be approved for any bad credit credit cards ever again. I thought that maybe with my credit repair back ground that I could figure out how to get a credit card with bad credit. I looked into the market of secured credit cards, to see how to get credit card with bad credit… this is where you make a deposit to the credit card company for the amount of your limit. For example if you need credit cards bad credit and the secured credit card had a limit of 0 then you would pay 0 to them and you would get a credit card for bad credit. You may be asking yourself what is the point of low credit credit cards if you have to pay the amount of your limit upfront. The reason is, that it is the easiest credit card to get with bad credit so after you use that card for 6 months keeping the payment current and not going over the limit then it is building your credit and repairing some of the damage. After 6 months you may qualify for a bad credit credit card that does not need a deposit an unsecured credit card. The process is really not that complicated as long as you have someone to show you were to apply first to see if you can get an unsecured credit card, if your credit is too bad and you are denied for the unsecured credit card then apply for the secured credit card. Even if you can only pull together 0 to 0 dollars then you can get a secured credit card for that amount to start building your credit to the place where you can qualify for an unsecured credit card. Once you get to the place where you have three to five credit cards in use for 6 months and you keep the balance below thirty percent of the total credit limit and you pay on time each month it will build your score significantly. Keep in mind this is exactly how my wife and I repaired our credit after the bankruptcy. A bankruptcy that discharged over a million dollars in debt was not small BK and it ruined our credit but with the help of some smart decisions we were able to find credit cards for bad credit and use them to repair our credit score. View the video now to see how you can get the same credit cards that approved me http://youtu.be/OY2j8CR5Kvo watch now and let me show you where to get the best bad credit credit cards!
This is one of the most common types of credit card. To fully understand what Unsecured Credit Cards are, it is necessary to explain the usual process of banking and credit which works through collateral. Collateral is a banking term which pertains to the list of your properties or anything valuable that they use to evaluate in order to guarantee you loan. This is where they get an assurance that you pay. Meaning, if you are unable to pay as agreed, they have the right to take your car, house or any other of your possessions. That is how Secured Credit Cards work.
However, Unsecured Credit Cards work differently. Unsecured line of credit does not require any collateral. Instead, they make use of court or garnishment to collect debts. Unsecured Credit Cards are entirely based on your good credit history or simply your financial strength.
Here’s how to qualify and how to apply for an unsecured credit card. – http://www.newhorizon.org/Info/catalog-credit-cards.htm
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