Columbus, OH (PRWEB) May 16, 2013
Cloud Technology Systems, Inc. just released the findings of a new study that reveals the five best unsecured credit cards for bad credit in 2013; these findings can be found on their official site here http://creditcardsforbadcreditnotbadpeople.com/top-five-unsecured-credit-cards-for-bad-credit-2013
Cloud Technology Systems, Inc. contracted an independent researcher to sift through the seemingly endless credit card offers to narrow the search down to the top five. The criterion that was used ranges from the requirement of an employment check to more obvious points such as fees.
One of the Cards that made the top five is a card that doesn’t require a credit check but the consumer is limited to where they can use the card. Many of these store cards are lenient when it comes to consumer approve but can carry restrictions that consumers dislike.
These unsecured credit cards can have an APR as high as 30 percent along with an annual fee or a monthly fee. High fees prevented many of the credit cards for bad credit from being named in the top five.
Since unsecured cards are a riskier card for the credit card issuer, they make up the risk by charging more fees than many of the secured credit cards that are on the market today. Another way they reduce the risk of nonpayment is by requiring that the credit card monthly payment is automatically debited from the consumer's account.
None of the prepaid cards that are available in the marketplace made the list of the top five cards due to the fact that they do not report to any of the three major credit bureaus; thus they do not help rebuild your credit which is the goal of most consumers that are looking for a credit card when they have less than perfect credit.
J.C. McClain is the credit expert for Cloud Technology Systems, Inc. Credit Cards for Bad Credit 2013 and Best Credit Card Rewards 2013 are two of McClain’s published works and are available on Amazon’s Kindle network. McClain’s YouTube videos are some of the highest ranked videos on YouTube in Credit Cards for Bad Credit category giving insights in how to repair credit. McClain has also appeared on the nationally syndicated radio financial fitness show sharing his expertise in credit repair.