Lots of people who’ve had debt problems in the past and decide they can’t live without a credit card look online specifically for credit cards for people with bad credit. The best advice, however, is to decide you don’t need credit cards and avoid them.
It’s not easy to live without credit cards today. With salaries seeming to get smaller and the price of everything going up, sometimes floating credit from month-to-month seems the only way a person can get by. But the best thing you can do for yourself and for your future is to avoid these types of credit cards at all costs.
Credit cards for people with bad credit might sound like a good idea because you can reestablish your credit and be able to afford things that you might not have the cash on hand to buy right now. The problem is you’ve already shown yourself that you have trouble with debt. While bad credit can come from circumstances beyond our control, very often we have it because we overspend and then have trouble keeping up with the payments. Have you mastered that problem? If you have any doubt then credit cards that are aimed at people like you who’ve had credit problems are only bound to get you in deeper.
Even if you’ve paid off all of your debt and you get one of these cards, you can run up a bill very quickly. Yes, many of them have low credit limits to start but they tack on monthly fees that you pay for the privilege of getting the card and they have extremely high interest rates. You can very quickly let the amount you owe spiral out of control. These cards, unless you can truly budget yourself and manage them well, will often just help you get back into debt problems and make your credit even worse.