Are You Letting Those Bad Credit Credit Cards Abuse You?

If you're looking into or are using bad credit credit cards, it's probably because you've run into a few financial road blocks in the past. Nothing to be ashamed of -- it happens to the best of us. It definitely doesn't mean you should be treated like a second-class citizen in the world of finance, which is exactly what some credit card companies try to do. If you've been using credit cards for bad credit, or are trying to apply for one, there are some things to keep in mind.

They Want What?

So, you've got bad credit and you desperately want a credit card. Joe Blow calls you up and has a great offer for you. A $5,000 credit limit at 9 percent interest. There's just a small annual fee of $200 or $300 (or maybe even $500) you have to pay to get started.

Listen here, and listen closely - you'd better hang up that phone and hang it up fast. This is not a legitimate credit card offer. It's a scam. Bad credit cards do have annual fees attached to them, but you never pay them up front. If you do, you'll be stuck without a card and without your cash.

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