Have you had some recent credit problems or do you still have some credit arrears on your credit history? Perhaps you have a lot of debt and you are struggling to pay it all off. To help you get your debt under control or repair your credit there are certain types of credit cards. These credit cards are called bad credit credit cards. They will offer you a chance to repair your credit with relative ease, where you struggled before.
At Compare Credit Cards Ireland we want you to find the right card for yourself, which is why on this page you will find only credit cards related to those with bad credit. The credit cards listed on this page may not be the top ten credit cards available in Ireland or even look particularly favourable; however they do serve an important purpose. The credit cards in this section are all about how to use credit cards to repair your credit when you have scores no other credit card company will touch.
You see, your credit card application is declined or accepted based on your risk to the company as well as personal information. If you pose too much of a risk the mainstream cards available in Ireland are not going to be available to you. This is when turning to a bad credit credit card can help you.
Below you will find a table comparing the different credit cards available on the Irish market for those with less than good credit. These cards may not have a balance transfer option. Most of the cards don’t want to take over debt from another card. So the first way to compare the cards below would be whether or not you need a balance transfer option. The second category to compare is the purchase introductory deal if there is one, how long it lasts, and then the average awarded annual percentage rate.
The annual percentage rates in the table below will be rather high. You may think that you don’t want to take on the cards below, especially if you suffer from bad credit. However, there are some advantages. First the credit card’s interest rate is usually above 25 percent for bad credit. This is a typical rate around the world, so don’t feel as though you are the only country being penalised. Second, you don’t have to allow the company to charge you that interest rate.
If you compare the terms and conditions on the bad credit credit cards below you will discover you have 56 days of a free interest period. Furthermore, if you pay the card off every month on time and never carry a balance over to a new month, you will not be charged interest.
By using the card as described above you are going to increase your credit score. The card company will report to the agencies that you are on time and pay in full, and therefore you are in a good credit position with their company. The more reports of this steady stream of improvement, the better to get a new card with a better interest rate.