Article Summary: When you have no credit history, a credit card issuer has nothing to judge you upon to see if you are a credit risk. That makes qualifying for starter credit cards difficult and higher credit limits impossible. But through some techniques, such as using secured credit cards or personal loans, you can build […]
16% of Americans have bad credit. Is your bad credit score holding you back from accessing credit? It’s a Catch-22 that many people face. In fact, according to Experian, 16% of Americans have a credit score that is considered poor. However, even with bad credit, you might be able to get approved for certain credit […]
Applying for a credit card today is often as easy as handing over a couple of pieces of information and waiting for a response. Getting approved for a credit card, however, is a different matter. The good news is that card approval rates are on the rise. A Consumer Finance Protection Bureau (CFPB) report indicates […]
Having bad credit creates a Catch-22 situation for consumers. If you have bad credit, you don’t get approved for new credit; and without new credit, it’s hard to improve your bad credit. When faced with this “heads I win, tails you lose” scenario, it’s no wonder many consumers fall into the trap of payday loans. […]
Credit card companies are like bad friends: all over you when you’re flush with money but nowhere to be seen when you’re broke. If you’re shopping for a credit card and have great credit, they will fight for your business. Not so much, if you have bad credit. What’s more, many of the companies that […]
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