A blog about credit cards for bad credit
That means that consumers have to pay more in interest each month, if they carry over a balance. A lower credit limit for those who carry a balance means a higher debt to credit ratio, which can adversely affect their credit scores. Banks no longer want to carry the risk of those who need credit cards for bad credit. When the economy was booming and the credit industry was flourishing, almost anyone could get a credit card. Now those who must turn to credit cards for bad credit must pay a price.