Compare Adverse Credit Credit Cards
If you have a poor, bad or low credit rating then the below credit cards could be for you. The following can issue you a credit card even if you have past credit problems or history including CCJ's, defaults and arrears or simply do not have a credit rating.
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The Vanquis Credit Card
Up to £1000 in spending power
Aged 18 or over
Have a regular income
APR 39.9%
If you have a history of bad credit, a credit card could seem beyond your reach. In today’s world a credit card is often the most convenient and secure way of buying; allowing you to buy online, over the phone and spread the cost of everyday purchases. Our Vanquis Visa Card is designed for people with no credit history or who have previously had bad debt.
The Provident Loan and Prepaid Card
Up to £300 in spending power
Aged 18 or over
Have a regular income
The New Provident Visa Debit Card. Provident offer loans up to £500 paid direct on to your own Visa Debit card so you can spend the funds as you wish at shops, atm's, over the phone or the Internet. No credit checks are needed for this card and loan. Compare the price of home collected and other cash loans available in your area at www.lenderscompared.org.uk
About Credit Cards To Rebuild Your Credit
What are they?
A product developed specifically for clients wishing to re-build or re-start their credit history - adverse credit cards offer many a second chance at financial recovery. Ideal if you’ve recently recovered from a period of financial difficulty or have been declined by a ‘prime’ card provider.
An adverse credit card does not differ hugely from its ‘prime credit card’ sister. The application process is much the same, subject to status. The advantage being that the adverse credit card provider acknowledges that the applicant has probably experienced some financial difficulties in the past, so makes some provision for this when making a decision on whether to accept the application.
With no discernable difference in appearance to their ‘prime’ counterparts, adverse credit cards have no visual or perceived stigma attached and offer the same freedom of choice where client spending is concerned - internet, telephone and over the counter usage are all permitted.
Pros
Adverse credit cards provide an excellent opportunity to re-establish a client’s credit status. Credit limits are set at an affordable amount so that budgeting is established and over spending discouraged. This helps a client not to overstretch themselves, thus encouraging a more balanced approach to credit facilities. Over a period of time, the cost of borrowing, the APR, can be re-considered and reduced. Credit limits may be raised after prolonged acceptable useage.
Cons
The cost of borrowing on credit cards, especially adverse credit cards, can be extremely high. If a client has not budgeted correctly, they may find themselves in a situation where their repayments become too costly. Without disciplined use, an adverse credit card may result in accumulated debt that is not met.
Editors Choices
The Vanquis Credit Card
Cashplus GOLD MasterCard
Payday Finders
Provident Financial Loan
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