Bad Credit Gas Card ?
My credit and that of my wife is pretty bad. No chance of getting
approved for a credit card. We had a business to fail badly about three
years ago after a hurricane...there were repossessions, evictions and
trips through court and still outstanding judgements.
For the past three years, we have NO credit. No loans, no car payments,
no rental payments reported to the bureaus, nothing at all good or bad
(unless some of the creditors from three years ago are just getting
around to reporting us).
We have another small biz now that is profitable. It will soon become
necessary that we have a credit card to continue that business.
My question is: which of the secured or high-fee unsecured cards is the
best?
We have an offer from Providian's Aria...$500 limit for about $180 in
fees. Pretty steep, but we need the card bad enough to do it. We will
make the needed business purchases on the card, and pay balances
monthly.
Try opening a broker account coming with a VISA or Master check card, if you
can. They seems to be more eagerly giving out Check card to their customers.
From there you can build up your credit I hope. Also try Gas Credit cards,
Department store credit cards... etc.
If your business is in good shape and is longer than 3 years, you should get
lots of offers by mails.
You might try Capital One. Some people complain of bad service but
I've had no problems with them. They gave a secured card with a $400
limit, but I only had to secure $49 of that. Since then the card has
been switched to non-secured and I continue to have zero problems.