Credit card application discussion
Because you have fewer options, predatory lenders will try to trap you into card agreements that saddle you with high fees, high interest, and a spiraling amount of debt that will pull you farther into financial trouble. Scan your offers of credit cards to spot these signs that you should reject certain offers: * Ridiculously high interest rates. When you pose a credit risk, the interest rates you'll be offered will be higher than the market average no matter what, but predatory lenders' interest rates are unreasonably high. Look online to find out what interest rates legitimate lenders are charging for credit cards for people with poor credit, and turn down any offers that are noticeably higher than average. * Monthly or weekly fees.