Question:   Where can I find easy to get credit cards and will getting a new card help me to re-establish my credit?

Answer:      Secured credit cards are probably your best option if you already have a poor credit history.

Cash secured cards are the quickest and best way to begin re-establishing your credit because it also forces you to change your spending behavior. The card will not allow you to charge more than the pre-paid cash balance.

This strategy is good for you and good for the lender because it eliminates any risk to the lender. This may sound strange, but with normal credit cards, the company functions as the lender supplying you with the money. With a secured credit card, you essentially become your own lender.

These easy to get credit cards only work when there is an available cash balance, which also eliminates any over limit or late payment fees, which you might recall add up fast!

Credit card companies often inform card holders that their limit has increased. The increased limit entices people to spend more, which contributes to their mounting debt. Not a good thing!

However, if you decide you want to increase your card limit by $500 you will first need to pre-pay the card by the same amount. This will encourage you to stay within a pre-planned budget – what a concept!

Even with a secured credit card, you are well advised to keep the amount available to a fairly low amount. Remember, the idea here is to get away from using credit cards at all.

As you do make charges against your pre-paid balance and then make your payments on time, your credit history will steadily improve. Your credit report will slowly but surely reflect your newfound responsibility as well as show the improvement in your credit habits.

In the future, prospective creditors will be able to see how you re-built your credit by making solid changes to your financial lifestyle.

While these easy to get credit cards allow you to begin to re-establish your credit, you should keep in mind that focusing on doing so is not necessarily the best use of your time.

Think about it - the only reason you need good credit is if you plan on requiring a loan for an important item such a home. Otherwise, you are better off focusing on saving in advance for whatever it is you wish to buy.

The ultimate goal is to stay out of debt once and for all. Avoiding any future debt is the best way of showing that you are in control of your financial future. It’s also a great way to demonstrate that you do not wish to make the same mistakes again.

So if you are still seeking out those easy to get credit cards, stick to a pre-paid secured card, and do everything within your power to never buy on credit again. You’ll be glad you did.

» I suffer from bad debt management. I am behind on my car payments and it’s about to get repossessed - what can I do?
Admit that your current financial crisis is due to bad debt management and your own foolish decision to buy what you could not afford. If repossession is imminent there are things you need to know.

» What exactly is credit card bankruptcy?
There is no distinction between credit card bankruptcy, card loan or home mortgage bankruptcy – it’s all bankruptcy and none of it is good.

» Do I need a debt settlement attorney? My medical bills are staggering and I can’t afford to pay them all, what should I do?
A debt settlement attorney may not be necessary. If medical bills are your primary concern, you should know that the medical industry is by far the most understanding and easiest debtor you may ever work with.

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