Credit Cards for People with Bad Credit, Poor Credit, or Bankruptcy
This is a list of Credit Cards for People with Bad Credit. These cards might help to build, rebuild or re-establish your credit, if you make payments on-time. It is important to keep your credit card account balances below your credit limits. Choose from both the unsecured and secured credit card offers below.
UnSecured Credit Cards
These are usually the best credit cards, since they come with fewer restrictions than secured credit cards. If you have had a lot of credit troubles in the past it may be difficult for you to obtain unsecured credit cards. However, if you have bad credit, there is nothing wrong with going for a secured credit card.
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Secured Credit Cards
For many wishing to establish a credit history or to rebuild one secured credit cards, also refered to as prepaid credit cards can be a great option. They are accepted anywhere standard credit cards are, but instead of borrowing money from a bank when using them, you keep money on deposit with the bank that you withdraw with the card. This serves to provide the convenience of having a credit card without the risk of incurring debt.
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Debt Consolidation
There are many options for paying off debt. The ClearOne Debt Relief
program will help you determine how much you can save by consolidating, while getting you debt free in under 2 years. The table below will help you determine if Debt Consolidation is right for you.
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| Continue to Pay Minimum | Equity in House | CCCS | Ch. 7 | Ch. 13 | ClearOne Debt Relief | |
| Starting Debt | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 |
| Term of Pay Off | 15-35 Yrs | 10 Yrs | 4-6 Yrs | Immediate | 3-6 Yrs | 24-36 Months |
| Payment Per Month | $1,200 | $500 | $600 | $0 | $600 | $500 |
| Total Debt Paid Off | $90,000+ | $50,000+ | $45,000+ | $1,500+ | $20,000 | $17,000-$20,000 |
| Short Term Credit Effect | None | None | Negative | Negative | Negative | Negative |
| Long Term Credit Effect | None | None | Negative | Negative | Negative | Positive |
