Your Credit Score (500) Rating: Poor
Interest rates with a credit score in this range are going to be very high when getting a loan. You don’t want more debt on your record so it would be a smart move to get loans that consolidate debt. You don’t want to make things worse by not making a payment so be sure you can pay it all off on time before taking the route.
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With a credit score as low as 500 you won’t be eligible for a majority of top quality credit cards. Instead of looking for the best deal you can get with your score you should instead look for credit cards that help rebuild credit. I am assuming you already have checked your credit score and know all the benefits? If you haven’t already I recommend checking my article – Here.
Credit cards recommended for your credit score of 500.
Classic MasterCard by Orchard Bank: They provide universal acceptance, a great choice if you have fair to average credit, competitive APRs, and some of the best customer service. If you’re worried about your credit being to bad they also provide a secured credit card option.
Prepaid Visa by AccountNow: You can help build your credit without credit checks with the AccountNow Prepaid Visa. You load it with cash or use direct deposits like a debit cards. It has a really cool twist though; you don’t have to wait for it to enter the account before you can spend it. This gets reported to the credit bureaus by AccountNow and dramatically helps rebuild your credit.
Need help with another credit score? We have plenty of other tips here -
http://www.knowmycreditscore.com/credit-score/
