High Risk Credit Cards : Good or Bad Deal?
Well, in a word, usually not such a good deal, because most lenders make us really pay for having poor or unestablished credit, right? The truth is, if you have poor or unestablished credit, you really just need to SHOP AROUND a lot more than the average consumer with an average or above average credit score and history.
I have had a couple of friends and acquaintences get really burned by high risk credit cards, and loans for that matter because the hair of the dog that bit them is the hair of the dog that is causing them to get in even further debt.
What do I mean? I mean high risk lending usually equals high interest rates and longer loan periods. Simple as that. Just shop around, you won’t be sorry you took your time!
