June 24, 2008
Credit cards and Credit history
If you have a poor credit score the chances are you will not be top of the list when it comes to card companies handing out their credit cards. So the question is, what can you do about it?
Firstly, you should try to obtain your personal credit report to find out exactly what your credit history looks like. If your credit rating is as bad as you think, you should not despair. There are a range of credit cards that are especially designed for those who wish to repair their credit history. However, these cards carry a high interest rate. You should only apply for this type of card if there are no other alternatives.
On the other hand you should not repeatedly apply for mainstream credit cards when you know it is highly likely that your application will be turned down. If you keep getting rejected this will reflect badly on your credit status.