Poor Credit History Credit Cards

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Poor Credit History Credit Cards

With more and more people in the UK finding it hard to get credit, applying for a poor credit history credit card can help improve credit scores and will often be available to individuals whose credit card applications have been turned down elsewhere.

Made for those who find it hard to get credit

People find it hard to get credit simply because they may be new to credit (and have no previous credit rating) or because they currently have a poor credit rating.

Bad credit (poor credit rating) can be caused by a number of factors including CCJs, failure to pay household bills, mortgage or rent arrears, loan defaults and bankruptcy.

Using a bad credit history credit card will enable you to simply build a credit score and pay the full balance off on a monthly basis. This is because they tend to have much higher interest rates than standard cards and additional interest could, over time, greatly increase the amount you owe.

Beware of higher rates

The higher interest rates charged by providers are used as a form of insurance against people who fail to make repayments, so in order to improve your credit score you must make payments on time and stay within your allocated credit limit.