The key to repairing credit mistakes is showing you can use credit responsibly, but how do you get a credit card if you have bad credit?
Despite making credit mistakes in the past, it is possible to secure credit if you have a low credit score.
The downside to having a damaged credit history and low scores is that you will likely have low limits, annual fees, and high interest rates. You will also probably need to choose a secured card that requires you put down collateral. The good news is you can still improve your credit score.
Store credit cards are another option. They are the cards you are aggressively marketed when you make a purchase and check out at a store. Many retailers have relaxed requirements because they are so desperate to get people to sign up for their cards.
There are a few additional things you can do to protect your score when you are applying for credit with a less-than-perfect credit history:
- * Be careful about how many cards you apply for in a short period of time. Each application can ding your credit score, so less is more.
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