It happens to us all…the car breaks down or the boiler busts in the middle of winter and we’ve absolutely no money in the bank to pay for it! Even if it’s only a couple of hundred pounds, it can seem a fortune if you haven’t got it and if you urgently need to pay for repairs or similar, you often have no option other than to borrow! For most of us, that’s no issue at all, however what if we have bad credit history? Is it possible to still get a credit card or is the only option we are left with to take out a payday loan? Now we all know how much we should avoid payday loans but do we have any other option of borrowing if we have bad credit? We’ve spoken to leading family site My Family Club to see what the options are and to see more of their tips, visit their website here.
Above all, it’s important to understand that yes, you can get a credit card if you’ve got bad credit but you just need to know that it may be a little more difficult. You won’t necessarily get an instant decision on whether or not you can get a credit card and you may need to provide additional information when applying however in most circumstances, it is possible to still get a credit card. You don’t and shouldn’t opt for the payday loan option as, even though it my be quicker, it’s not a long term solution and you can end up in financial difficulties as a result of them! Seeking a credit card is a far better option and it’s more than likely that you’ll be able to find someone who’ll offer you a credit card, even if you do have bad credit!
It may be the case that you have to simply accept a lower limit and a higher rate of interest but in an emergency, this shouldn’t put you off applying for one when you need it an more often than not, you’ll find you have your credit card relatively quickly! Just be sure that you can afford the repayments and you’ll have nothing at all to worry about!