Finance guide – How to fix your bad credit Wed, 02 Mar 2016 16:35:39 +0000 en-US hourly 1 Credit cards for bad credit Tue, 13 Mar 2012 11:06:56 +0000 If your credit score has been ruined by a bankruptcy, foreclosure, debt settlement or just poor credit management, it may be difficult to get to get a credit card. Luckily, there are specific credit cards for bad credit. Many credit cards for bad credit aren’t really all that different from regular credit cards. However, they generally carry high interest rates, have annual fees and lower credit limits. Many local and national banks offer these types of cards.

Another option when it comes to credit cards for bad credit is a secured credit card. With these types of credit cards for bad credit, you have to make a deposit or link the cards to a checking or savings account. You are not allowed to spend more than a set amount, which removes the risk for the bank issuing the card. The advantage of such a card is that you will get a lower interest rate and may not have to pay a fee. The disadvantage is that your credit limit will be limited to your deposit or a certain amount in your checking account.

One other credit cards for bad credit option is a prepaid card. These work much like gift cards in that you essentially buy them. But you can use them in instances where you need a credit card and many report your usage history to the credit bureaus. Banks, credit card companies — even Walmart — offer these types of credit cards.

If credit cards got you into your debt and credit problems in the first place, you may be wondering why you would want to risk those problems again with credit cards for bad credit. The reason is that you need credit to be able to rebuild your credit history and boost your credit card, and credit cards for bad credit are likely the be the easiest — and maybe the only — form of credit you can get. Use such cards responsibly and make sure the card you have reports your usage history to the credit bureaus.

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How to fix your credit Tue, 13 Mar 2012 11:01:45 +0000 Have you ever been at the grocery store and gave your credit card to the cashier only to have it unreadable? A lot of people have and there are some quick solutions on how to fix your credit card on the spot. I’m sure that the first thought that comes to mind to a lot of people is if there is enough money in the account. Is the account overdrawn? Has the credit card been terminated? These questions immediately come to the forefront when this type of situation happens.

No need to panic because some of the following repair procedures usually allow the credit card to be fixed. Your credit card can be easily fixed by wrapping the card itself within plastic.

Having the cashier reswipe the card with the plastic covering can sometimes allow the reader to accept the card.

Another quick way how to fix your credit card at the moment is to clean the back of your card with a cloth that is dampened with water. Cleaning your credit card in this way can remove particles of dirt and dust that can block the reading of the magnetic strip.

Another tried and true solution on how to fix your credit card is to have the cashier manually enter the card number into their access machine. Although a bit more time intensive this procedure will work to accept your credit card properly.

Insuring issues on how to fix your credit card from situations where it can’t be read can be alleviated by cleaning your credit cards from time to time. Keeping credit cards away from magnets also insures that the magnetic strips of information won’t be compromised.

How to fix your credit card can easily be done by calling up the vendor and asking for a replacement. How to fix your credit card issues should no longer be a bother because of a clean magnetic slate that contains the pertinent information needed to be read by the reader.

Knowing these little patches of information should eliminate the need on how to fix your credit card in dire circumstances.

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