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Bad Credit Credit Cards



DO YOU HAVE BAD CREDIT?

You require a bad credit credit card. It is obvious that you require repairing your credit rating. If you have been suffering from financial crisis then financemate.co.uk will get you the best deals. Here are our suggestions for selecting the best Bad Credit Credit Card and make the deal work for you.

CREDIT CARDS FOR BAD CREDIT

Having a bad credit rating? Or you are not sure whether you require a credit repair. If you are unsure and you feel you would be refused a Credit Card due to poor credit then write immediately to the credit referencing agencies for a credit report.

BAD CREDIT- REASONS FOR A POOR CREDIT RATING

Did you get a bad credit rating? Then you surely have failed on your due payments. Bad credit is obtained due to the following reasons.
  • You have county court judgments against you for non payment or untimely payment of the utility bills.
  • You don’t pay your loans repayments or rentals on a timely basis.
  • Are you eligible to vote in the United Kingdom? Make sure you are on the electoral register before you apply for a bad credit credit card.
  • Which area do you reside. Your housing locality also plays an important role in your credit score.
SOLUTIONS TO BAD CREDIT

Now you need to decide whether you can actually afford to repay what you have been borrowing or spending. Be practical while deciding your requirements and spending needs. Be hundred percent sure of your ability to repay before you decide to go for a loan. Calculate what your monthly outgoings are going to be and whether your incomes are sufficient to pay off those liabilities. This will be the only way you will be able to repair your credit in a more efficient manner.

OPTING FOR BAD CREDIT CARD –THE DISADVANTAGES

Bad Credit borrowers are often faced with circumstances where they need to pay a price for having a poor credit history. Hence you might have to pay a higher rate of interest on the borrowings you make. The lenders will need to cover their risk of bad credit borrower defaults and hence they charge high rates of interest to cover for the same.

NEW RAY OF LIGHT WITH FINANCEMATE.CO.UK

If you decide to repair or improve your Credit Rating then definitely you will be able to switch on to a better credit card in the future. This will be at lower rates of interest and better terms. However be careful with your current obligations. If you do not make your credit card payments on a timely basis, your credit rating is bound to deteriorate further.