Adverse
Credit Cards
About
Adverse Credit Cards
In
the UK, nearly 25% of the Adult population have had some form of
adverse credit history like CCJ's, arrears, and bankruptcy. This
does not mean their personal financial futures have no hope for
recovery. There are financial institutions prepared to consider
taking adverse credit history customers on.
You
will know how difficult it is to pick up your personal finances
and try to carry on as normal if you have ever been in the unfortunate
position of falling into arrears with any payments, received a County
Court Judgment against your name or have been declared bankrupt.
But the good news is that there are two credit card products you
can apply for.
Many
of us in the UK know the term "Adverse Credit History"
or are familiar with or have fallen victim to it. Consumers with
such history need not feel there is no hope, since there are financial
institutions that will still offer financial products for their
use.
There
are a few credit card providers who are willing to take 'risks'
with adverse credit history consumers applying for their products.
However, those that do offer you a chance to rebuild your credit
rating whilst enjoying the convenience of using a credit card. Please
be aware that some of these companies charge a higher interest rate
to offset any additional risks involved.
List
of Major Credit Card Providers
OCIS
provide general financial information, we urge you to consult an
Independent
Financial Adviser ( IFA )
before making any important decisions about your finances. |
