People with bad credit are often familiar with advertisements for secured credit cards with bad credit. You can get secured credit cards with bad credit scores and if you manage them wisely then you can improve your credit scores over time. You have probably seen the new prepaid credit cards. Some companies which supply prepaid credit cards with bad credit will report account activity to the major credit bureaus, but you will pay a fee for this service. They will only report your good credit activity for a period of one year and you must keep using the card and paying the fees for two years. You may be completely unfamiliar with unsecured credit cards for people with bad credit and you may think that they are a great idea, but there are many drawbacks.

Companies which offer unsecured credit cards for people with bad credit charge high fees. We looked at one that charges a $48 annual fee, a $29 account set-up fee, a $95