Digital News Report – The recent economic downturn has pushed many Americans into a credit crisis. Recently there has been a surge in credit cards designed for people with bad or poor credit.
It is very difficult to rent a hotel or car without a credit card. Also, rather than carry large sums of cash with them, many people use their credit or debit cards for convenience. It has become harder for students and young people to qualify for a card.
There are solutions. Secured credit cards have been around for years but their popularity may be growing now more than ever.
The First PREMIER® Bank Classic and Aventium® Classic Credit Cards are designed for people with for or bad credit. They can even help customers with “no credit”.
Secured cards are easy to get. Your credit score is not important like with other credit cards. A deposit is placed in an account and the card functions like most other regular credit cards.
The goal is to improve your credit. On-time payments are reflected in your credit score with the credit reporting bureaus. Over time the credit score improves and customers may be able to apply of other types of credit.
By: Tina Brown