The choices for those that have bad credit are limited to a handful of unsecured credit cards and a larger variety of secured credit cards.
Columbus, OH (PRWEB) April 29, 2013
The official site for Cloud Technology Systems, Inc. just posted the three best credit cards for bad credit here: http://creditcardsforbadcreditnotbadpeople.com/news-releases/the-top-3-unsecured-bad-credit-credit-cards-for-2013/.
Cloud Technology Systems,Inc. chose the three best credit cards for bad credit based on interest rates, fees, credit limit, how easy it is to apply and what type of credit is accepted.
Here is how they broke down each category to come to the best three credit cards for bad credit:
Interest rate: The interest rates of cards in the bad credit category are horrible at best, Cloud Technology Systems, Inc. approached this from picking best interest rate out of a bunch of really bad rates, to come up with the three best.
Fees: The second factor in Cloud Technologies choice in picking the three best credit cards for bad credit are the fees. The fees that they considered were sign up fees, late fees and annual fees. Some of these credit cards for bad credit even have monthly fee of $7-$9 each month, so there are more fees to consider than the standard fees usually associated with good credit.
Credit Limit: When Cloud Technologies looked at credit limits they found two things. The first thing was that with secured credit cards the limit is confined to the security deposit required by the credit card company. The second item is the credit limits on the unsecured credit cards are usually less than $1,000.
Ease of applying: The three cards that they chose were cards that can be applied for online or by phone.
J.C. McClain is the credit expert for Cloud Technology Systems, Inc. McClain has two published works available on the Amazon Kindle network, Credit Cards For Bad Credit and Best Credit Card Rewards. McClain’s YouTube videos are some of the highest ranked videos on YouTube in Credit Cards for Bad Credit category.