Posted on: 14th Mar, 2013 02:06 am
Hi there… Is there a credit card out there that'll you'll get approved for a credit line with bad credit or no credit?
With a bad credit or no credit, you can try out for secured credit cards.
If you repay your bills on the secured credit card that you have taken out, your credit score receives a boost.
Yes. Homeowners can receive cash in the form of a Credit Line with a Reverse Mortgage, and there aren't any credit requirements to qualify.
There are credit card companies that offer credit cards to people with bad or no credit and there are what they call secure credit cards for people with bad credit. These secure credit cards technically work in the same way debit cards do because instead of being entitled to the bank's credit, every time you use your card, they will be using the money you deposited. The only difference is you will also need to pay your balances every month. If you pay in full and on time every month depending on the bank's terms, for example, six months, the bank will then offer to switch your card from secure to a regular credit card.