Can you get a Credit Card with Bad Credit?

Following on from last month's Financial New Year's Resolutions, this time of year can bring more than its fair share of money worries. According to The Money Charity, the average total debt per UK household by November 2021 was £63,122. 

So what can you do if you have bad credit? 

How do you get Credit Cards with Bad Credit? 

Even if your credit score isn't where you want, there are still options available to you. There are ‘Bad-Credit Credit Cards’ designed for people with bad credit or people who don't have credit at all, such as new UK residents or young people. 

These cards are offered with high APR and a low limit, but when small purchases are paid off regularly, your credit score can improve after only a few months. This will then allow you to qualify for better credit cards and more borrowing options. 

Can you make Repayments without Interest? 

0% Balance Transfer Cards help you pay off debt faster by consolidating your existing card balances. This may allow you to avoid interest for up to 2 years.

Whilst you may be required to pay a one-off fee, this is designed to give you the longest interest-free period possible. 

Can you Borrow Money without Interest? 

0% Purchase Credit Cards as designed so you can make purchases but spread the cost over a fixed period. 

This allows you to shop and spread the amount spent over a fixed period at zero interest. Making your repayments is essential here as the interest rate can rise rapidly after your fixed period is over. 

If you have any questions or concerns, feel free to get in touch today!