Q: I have a bad credit score and have racked up a lot of debt. Is there an unsecured credit card with reasonable rates that you can recommend?
Honestly, given the details of your situation, you might consider taking time away from credit cards and focusing on paying down your debt. As you pay down your debt, your credit score will start to recover. When your credit score is in the poor range, it's difficult to get good deals on credit cards. You could end up with a credit card with a very high APR. If you carry a balance, your debt will increase rapidly once you're paying high finance charges.
Since you feel strongly that you need an unsecured card that doesn't require a deposit, I get the feeling that you're having trouble making ends meet. This happens to a lot of people so you're not alone. If this sums up your situation, consider credit counseling. Start by contacting the National Foundation for Credit Counseling, which is a national nonprofit credit counseling network. The NFCC has member agencies around the country. They can help you develop a plan to pay down your debt and get control of your finances.
Disclaimer: The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit card prior to applying. Check our credit card database for updated terms and conditions.
This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.
Disclaimer: This content is not provided or commissioned by Chase. Opinions expressed here are author’s alone, not those of Chase, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Chase Affiliate Program.
Discover is a paid advertiser of this site.
Disclaimer: Reasonable efforts are made to maintain accurate information. See the Discover online credit card application for full terms and conditions on offers and rewards.
No Comments
- Should I not pay my credit card bill and hope banks offer me a settlement on my debts?
- Should I request a personal loan to pay off my credit cards?
- What do you recommend for a person who becomes disabled and after their card protection runs out, they are still disabled and unable to make payments?
- I have bad credit and I'm on unemployment benefits. I just need a low credit limit to help in emergency situations. I can pay small charges back right away. What do you recommend?
- If I am in the Chex System, can I still apply for a secured credit card?
- I have a 590 credit score. Am I considered a bad score? What would be a good credit card to help me?
- Does an unsecured card build credit faster than a secured card? Does FICO rate them differently?
- Can I have a family member co-sign a credit card, so I can get an unsecured credit card?
- Is there a secured credit card that will convert to an unsecured card?
- Credit Card Company Secrets: 5 Things "They" Don't Want You to Know
- My Credit Score Is 723. Is That Good or Bad?
- 5 Common Mistakes That Can Cripple Your Credit Score
- Which banks still offer secured credit cards?
- What's the minimum FICO credit score needed to qualify for an American Express Premier Rewards Gold Card?
