Bad credit credit cards and how to learn the basics

You are given a credit line based on your predicted ability to repay, and you pay monthly bills with added interest. Unsecured credit cards for people with bad credit have higher interest rates because of the higher risk of lending to people with bad credit. They also tend to have smaller lines of credit, and may come with extra fees. Choose an unsecured credit card with low annual fees and no monthly or weekly fees. Reading the fine print is even more important if you have bad credit.

09/23/09 19

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