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Home » Business » Credit Cards for Customers with Bad Credit

Credit Cards for Customers with Bad Credit

By Tina Brown on November 14, 2010
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Digital News Report – Credit cards have been very difficult to acquire during the recession, despite the need customers have to rent cars, hotel rooms and make online purchases.

The Orchard Bank Classic MasterCard® is great for rebuilding credit. The card is designed for customers with bad credit or no credit. With on time payments the cardholder’s credit can improve. Orchard bank repots payments to the three reporting agencies on a monthly basis.

The customer’s credit history will reflect the punctual payments. “Over the years, millions of people have used this group of cards to build their credit history,” the bank said in a statement.

Revolving credit is declining, according to data provided by the Federal Reserve. In September commercial banks held $611.9 billion in revolving debt. In August there was $620.4 billion in revolving credit. That is the third straight month of declines.

If customers have trouble remembering their due date, the bank says they can send out an email reminder.

Secured credit cards do require a deposit. Unlike debit or pre-paid cards, the money is not removed from the account until the payments are delinquent.

The card is accepted at millions of locations worldwide.

By Tina Brown

  1. Credit Cards For Bad Credit Customers – New Orchard Bank Card
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  3. Credit Cards For Bad Credit Customers – Help For Borrowers With Poor To Bad Credit Scores
  4. Credit Cards for Bad Credit Customers
  5. Credit Cards for Bad Credit Customers – Orchard Bank Classic MasterCard

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This site is for informational purposes only.  Always check with your doctor or  legal council before making any medical or legal decisions.

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