UK Credit Cards For People with Poor Credit Rating

One in four of the adult population in the UK has had some form of poor credit history.

If you have been in financial trouble at some stage and have arrears, a County Court Judgment (CCJ) or bankruptcy you may find it difficult to get a credit card. 

When you apply for a credit card your creditworthiness is usually checked.  The card issuer will use one of the two major credit reference agencies, Experian and Equifax.  If you have a poor credit history you are likely to be assigned a poor credit rating and may be refused a credit card by some providers.

However there are some credit card providers who offer cards to people who have a poor credit history and who may have been refused a card in the past.

The interest rates for people with a poor credit history are higher than the headline interest rates as providers regard people with a poor credit history as a greater risk. However if you pay the monthly payments on time, this will help you rebuild or strengthen your credit rating and in time you'll be able to apply for cards with lower rates of interest.