118118Money in Canada

Bad credit credit cards are aimed at borrowers who may have a less than perfect credit score, or who are yet to build their credit rating. If you're just starting out on building your credit score, it may seem scary and complicated, but improving your credit profile is actually straightforward. If you’ve never had a credit card or never borrowed money, you’re seen as more risky – even if you’ve always managed your money well. In these circumstances, a bad credit credit card could work in the same way as a credit-builder card, that is to say, it will allow you to build your credit profile. By starting out with a small credit limit, and making your payments on time, every time, you will slowly build your credit. Perhaps you have had an outstanding debt in the past - a few missed payments here, or an unexpected expense there – these things can easily impact a credit score. And it can be even more frustrating when your score means you can’t get the credit you need.