Credit Cards for Poor Credit Individuals

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High Interest Cards
Each bank has their own type of card, but many will offer a credit card that is geared towards individuals attempting to rebuild their credit. The catch however is you will likely be paying a higher interest rate and there also may be an annual fee.

The reasons for this are interest rates are the measure of risk to these banks. If the lender feels the individual is lower in risk, the interest rate will be lower. Should the person be a greater risk, they will warrant a higher interest rate. You may also find that these cards come with a smaller credit line, keeping your spending abilities minimal.