Trouble Getting New Credit?

If you've had trouble with credit in the past, you could have trouble getting new credit in the future. A history of late payments, including charge-offs, collections, and bankruptcies, makes future creditors and lenders hesitant to give you new credit. A bad credit history can leave you in a vicious cycle of having your credit applications denied.

How can you improve your credit history if no one's willing to give you new credit? Your answer might be a secured credit card. A secured credit card can give you the much-needed opportunity to rebuild your credit history and prove to lenders that you can and do pay your bills on time. After proving yourself with secured credit, you'll be able to apply for unsecured credit cards and loan.

More on Rebuilding Credit:

• How to Choose a Secured Credit Card
• How to Rebuild Bad Credit
• Do It Yourself Credit Repair