My little corner on credit card application
In fact, it's easier to wind up with a bad credit card than with a good credit card. Predatory lenders capitalize on your limited choices and your desperation to trap you into high interest, fee ridden credit card agreements that will add to the amount of debt you carry and make it hard to dig your way out. Here are some of the signs that credit cards are predatory: * Ridiculously high interest rates. People with bad credit are likely to have to pay higher interest rates no matter what, but predatory lenders' rates are jacked up well above the market average. 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.