Companies offering new cards for consumers with bad credit
By Credit.com Staff
Because the recession has taken such a toll on credit cardholders - and as a result, their lenders as well - it has become increasingly difficult for consumers with bad ratings to obtain a line of credit. But with this in mind, more lenders are beginning to tailor cards specifically for consumers with this trouble.
Lenders Aventium and First Premier have recently announced new cards aimed specifically at consumers who have had trouble getting a credit card from other issuers. For example, First Premier, which has 3 million cardholders nationwide, is now offering its Bank Classic Credit Card to consumers with fair to bad credit.
The report said that Aventium's Classic Credit Card is for people with bad credit and none at all. Accounts of this type are open to anyone that wants one regardless of their credit score. This card, the report said, is perfect for consumers who want to establish or rebuild their rating.
Many consumers may have seen their credit rating declined in recent months as a result of late payments. Just one or two of these occurrences alone is enough to torpedo a rating.