If you have a bad credit score, then you most likely have experienced some type of financial setback. You may have made several late payments. You also may have filed for bankruptcy. However, there is a credit card that will help you start over financially.
The credit card is named Build. It is designed for people who have a credit score that ranges from 550 to 600. It has been around for about 1.5 years, and 50,000 people have already signed up for it. This credit card is attractive to people because it has low interest rates and fees. They are also given a low spending limit.
Many people are not using this credit card to cover frivolous purchases. They are using it to cover unexpected expenses. Half of people in America who are hit with an unexpected $400 expense would not be able to pay it. This credit card can be used to cover unexpected expenses.
Because many people who have bad credit cannot take out a traditional loan, they often turn to payday loans. Payday loans are convenient because they are fairly easy to qualify for. As long as you have a source of income and have not defaulted in the past, then you will probably get approved. However, payday loans come with very high interest rates. People can use their Build credit card instead of taking out a payday loan.