You shouldn’t feel alone if you have bad credit. In most cases, it’s not your fault and it’s very fixable. Whether you’re broke, in debt with bad credit or you have no credit at all, there are still a great number of cards that will accept you. Although you may need to pay a higher interest rate on a credit card, there are many resources you can use to help you find a good one.
There are a large number of websites online that are devoted to helping out people with bad credit or no credit to help others obtain credit cards. Now a days there is certainly a very visible and distinguishable line between the different levels of bad credit.
It’s gotten so distinguishable that credit can easily be distinguished as bad, really bad, and horribly bad. Some of the main people who have the ability to view this kind of private information if banks, insurance companies and lenders for a short list of them and a good number of them have become experts as distinguishing between what’s “bad” credit and what is “horrible” credit.
Credit determines how much credit limit is assigned to a credit card, the offers you get in the mail, deposit requirements for utilities, and in a lot of cases by most companies the amount of money you will be required to put down for a loan. Some credit card companies and banks will refuse service with anyone who’s had a bad history or reputation with them in the past regardless of how outstanding their credit is to current date.
Basically it’s the “fool me twice: shame on me” saying, even if what you had done was done 10 years ago and had been paid off for quite some time. While some people will argue that a credit score is a good measure of people who are trustworthy and pay their bills on time and lets companies know if they’re doing business with the wrong person, others will argue that it’s not always the customers fault and the system is designed so that if we make one tiny mistake, it builds off of that.
