Monday, December 21st, 2009

Will getting a Bad credit credit card lower my score?

Bad Credit Credit
Peanut Buttter Jelly Time asked:


I have a low score but its been rising steadily… I know available credit will help but will receiving a credit card for ppl with bad credit lower my score?

Related posts:

  1. What can my dad do to get out of his high interest rate credit card and pay it off at a lower rate? and you are? asked: He has good credit, definitely...
  2. Do closing credit cards lower credit score? ken88dorset asked: I have over 10 credit cards with...
  3. Will the stimulus help lower credit card rates? AAGI asked: What is needed is relief and help...
  4. Why does filing a dispute lower my FICO credit score? R S asked: In order to raise my credit...
  5. I want to pay off a high rate credit card. What would be the better choice to help preserve my credit score? Confused1 asked: I am debating between a personal loan...

Related posts brought to you by Yet Another Related Posts Plugin.

This entry was posted on Monday, December 21st, 2009 at 12:00 am and is filed under Bad Credit Dilemas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Will getting a Bad credit credit card lower my score?”

fergalicious Says:
December 22nd, 2009 at 6:46 pm

No, your credit score is based on getting credit and being able to meet your monthly repayments etc.

That’s why the likes of Capital One are always sending out junk mail etc - they will often lend to poor credit scorers with high rates.

If used sensibly, they can actually help rebuild your credit rating.

Lo Says:
December 23rd, 2009 at 5:08 pm

No it wont hurt your credit, it will actually help. You just want to make sure you have a card that doesn’tt charge you outrageous fees and the first question to ask is if the card reports to all three bureaus. If you have a bank account, usually your bank can get you a pretty good deal

paperdoll198 Says:
December 26th, 2009 at 2:15 pm

Yes, it doesn’t matter what company you get the card from, only that you pay it and they report that you pay it. As for that previous answer mentioning to go to your bank and see if they can give you a credit card, normally I’d say that’s a good idea, however, if you’re bank is like Wachovia or WaMu, I’d think twice about that…

Leave a Reply