Bad Credit

Bad credit! Do you currently have bad credit are you looking to rebuild or fix your credit? Duane I'm here with how to build credit TV and in this video I'm gonna talk to you about two steps that you can implement right now that will help you go from having bad credit to having fair credit and eventually good credit But before we get started I have a quick message

Once again my name is Duane with how to build credit TV and on this channel we talk about everything you need to know about credit, credit cards and how to make money using credit cards As a matter of fact I was able to make over $1,700 using one credit card in 13 months So if this sounds like something in which you're interested be sure to subscribe to our channel by clicking the words subscribe below this video to the right and click that notification bell so you don't miss a thing 0kay so having bad credit is something that I'm all too familiar with; you see most people think that having bad credit probably has something to do with the person being irresponsible when that's not quite the case at all For example you can have a situation in your life that you need money for and you don't have the money in your bank account currently but you do have this wonderful tool called a credit card

So you use the credit card and of course that's how you kind of get in a pickle and you're basically before you know it you end up only thousands of dollars and you can't pay it back So that's how you can end up having bad credit I mean anything can happen at any moment and put you in a situation where you probably have to use your credit card because you don't have the available cash So that's how some people get in trouble with bad credit or that's how some people get to have bad credit For me back when I was in college I had a credit card and I had a $12,000 credit limit on that credit card not sure how the heck I was able to get a $12,000 credit limit But I do know that the credit card companies are smart and they were marketing college students and they were like let's give him a twelve thousand limit and so I was like cool this is kind of nice

And I started off being responsible at first but you know there were the occasional times that I purchased things that I totally did not need I wasn't fixing my car I wasn't getting a tire I was buying clothes or I was buying a Playstation 2 which was my very first game console that I ever owned So what I'm gonna do right now is I'm gonna jump on my computer and kind of show you one option that you had in regards to going from bad credit to fair credit These credit cards are going to be high interest they're gonna probably have an annual fee But you can just get started and that's the purpose of these cards

So I'm gonna jump on my laptop and just kind of show you what I'm talking about I'm gonna go on over to wallethubcom and show you the credit cards that's available to you if you currently have bad credit Okay so I'm over at wallethubcom to have a look at unsecured credit cards for bad credit As you can see it says that at the top of the screen and so right here as you can see it says best unsecured credit cards for bad credit

Credit one Platinum visa for rebuilding credit, Total Visa credit card, Official NASCAR credit card from credit one bank, Indigo MasterCard for less than perfect credit, Milestone MasterCard bad credit considered, Fingerhut credit account I would not advise that one So let's just scroll on down here and have a look at this So as you can see here it says credit one bank Platinum visa for rebuilding credit and over here it says minimum credit bad So this is pretty good it says one-time fees none

Then they go with the regular APR which is between 1999 to 2599 variable Then of course it says annual fee between zero dollars and ninety nine dollars There's no monthly fee that's good and they do offer you the ability to earn some cash back

That's not insanely important but it's an it's there if you want that So that's pretty okay that's the first one here on this particular website As you can see there are 7,711 reviews for that one So that one's probably not bad The next one is the first access Visa credit card, of course there's a one-time fee eighty nine bucks

There's an annual fee seventy five dollars the first year forty eight the second year Um not really into that but you know I will put the link to this website in the description below this video So that you can come to the website and have a look at these credit cards yourself The next one is the indigo MasterCard, of course minimum credit score is bad credit The next one is a total Visa credit card, the next one is milestone MasterCard

The next one is the official NASCAR credit card from credit one bank This was not bad there is an annual fee here I'm not sure if you want to do that but there is also the ability to earn some reward between one to two percent cashback So that's kind of cool if you're interested in that, the next one is a surge MasterCard credit card So the last one is the First Premier Bank MasterCard credit card

This one quite a bit of fees as you can see there's a one-time fee of $95 Then there's an annual fee this one I wouldn't necessarily recommend So like I said you can come here and have a look at this site I'll be sure to put the link to this website below in the video description So thank you for watching this portion I'll see you back in just one second to talk to you about the second step that you can take to improve from bad credit to fair credit

So I'll see you back in just one second Okay so the second thing that you can do if you have bad credit is you can actually get a secured credit card Now this one was the one that I did because I was like this is cool I'm gonna get a secured credit card with Discover Card because I want to re-establish a relationship with Discover Card And they're a good Bank and they're a big bank and there is no annual fee Now the secured credit card requires you to deposit money into an account with that particular bank

They hold that money as collateral for the duration of you know the time that you have the credit card until they promote or graduate you to an unsecured credit card So basically a secured card just works where you put down anywhere between two hundred dollars up to twenty five hundred or even ten thousand dollars depending on the bank that you're gonna go with and they hold that money there and you use your credit card like normal Whatever you deposit is going to be your credit limit So if you deposit $200 your credit limit is going to be two hundred dollars And I would kind of suggest doing that, go ahead and just deposit maybe two hundred bucks with Discover Card or Citibank

I've made a lot of videos talking about secured credit cards Have a look at these videos by stopping by my channel So there are a bunch of secured credit cards that you can get that can actually help you go from having bad credit to fair Credit and eventually having good credit So those are the two steps or the two things that you can do right now if you have bad credit that will help you go from having bad credit to fair Credit and then eventually you get to having good credit Thank you so much for watching this video on bad credit and how to improve your credit score to go from bad credit to fair Credit to good credit

If you liked the video please be sure to give it a thumbs up it helps our channel quite a bit And if you want to share this video with somebody that may find it useful please feel free to do so If you have any questions please be sure leave them in the comments below I'll answer them as soon as I see it If you haven't subscribed to the channel consider subscribing to the channel because on this channel we talk about everything you need to know about credit, credit cards and how to make money using credit cards So if this sounds like something in which you're interested be sure to subscribe to the channel and click that notification bell so you don't miss a thing

Once again my name is Duane with how to build credit TV and I approve this video I'll see you in the next video Until next time take care and be blessed Peace!