Credit cards for poor credit should not be looked at as a method of racking up yet more debt. At best, these cards can improve your creditworthiness and get you accepted for credit more easily. At worst it can just end up as another maxed out credit card – and an expensive one at that.
You don’t have to get a credit card – some prepaid cards allow you to repair your credit score as well. Some charge a monthly fee (usually in the region of £5) and, once you’ve paid your fee for a year, a positive entry is added to your credit file.There are other ways to improve your credit rating – even if you’ve missed payments before, keeping up-to-date with all your existing credit agreements will improve your score. And it’s also a good idea to request your credit report – just to make sure there are no errors or fraudulent credit agreements in your name.