Bad credit credit cards, and more
The changes banks have made to credit card restrictions, in addition to the current economic downturn, means that more people are seeking credit cards for bad credit. Credit cards for bad credit usually come with high interest rates and fees. This often leads to the accumulation of more debt, since it is more difficult to pay down actual balances with those high rate cards. Many financial advisors recommend prepaid cards in lieu of high rate credit cards for bad credit. Someone cannot buy more than he can afford with a card that has a prepaid balance.