The Teen Blog

Having bad credit isn't necessarily the end of the world. Although many financing options are closed to you, there are still options available. A credit card is one of those options. Here are 4 ways to get a credit card while having bad credit:

• Apply for credit at a smaller department or retail store. They usually don't require a substantial credit history, nor a very high credit score. If you are accepted, make occasional small purchases while paying at least the minimum payment every month on time. This can raise your credit score in the long run.
• Ask a friend or relative to co-sign for you. Be sure you find someone with good credit or your efforts will be wasted. If you are late on a payment, the blemish will also show on the other party's credit, so use caution when using this option.
• Apply at the same bank you own a checking or savings account with. A bank that already has your business may be more willing to issue you credit regardless of your history. As an added bonus, often times the application process may be easier and quicker this way.
• If all else fails, apply for a secured credit card. This option requires you to have a savings account as collateral, and your credit limit will reflect as a percentage of your savings amount. This can be a good option for someone looking to raise their credit score over a long period of time.

Good luck and always manage your debt wisely!