Let’s take some examples a where bad debt card or prepaid credit cards would be better than no card at all:

1. Hotel bookings. Most people book their hotels in advance – in fact if you don’t you are highly unlikely to get a room! When you book online you obviously have to secure the booking using a credit card. If you book by telephone, you will be asked for your card number. So if you have had your cards cancelled, and no regular card provider will give you one because of your past record, then what do you do? No more hotels for the rest of your life? You are better off with a bad debt card or a prepaid credit card than no card at all!

2. Vacation Bookings The same applies here, and there is not really any need for me to go further than that. You know how it works: you make the booking and then give your card number. No card, no booking. You can no longer make a booking without a card deposit or at least a number, and then pay cash when you turn up.

3. Purchasing Online Any online purchases have to be made by means of a card. Without a card you are not going to be able to purchase anything from the internet. Nothing at all!

4. Autotellers There will come a time, not too far into the future, when banks will not handle cash except from registered retailers, and even that will die out. The cash neeeded for local purchases will be obtained from autoteller machines, and just about everything else will paid using a credit or debit card. Even bars are converting to cards: pass it over when your drinks are ordered, and then each subsequent order is added to your tab, and the final total charged to your card.

Basically, what I am saying here is that you will find life sheer hell without a credit or debit card, and if your credit is shot, as it is for many people, and as it was for me for a long time, you will find ‘normal’ life very difficult. You will need a card for most purchases, online or not, and unless you have good credit you will need either a prepaid credit card or a bad debt card. Without one of these you will be screwed when it comes to purchasing anything you cannot buy in your local store – That includes holidays or vacations, flights, hotel rooms, restaurant reservations, purchasing online – in fact anything online that costs money – and even getting cash from your bank.

So why are there both bad debt cards and prepaid credit cards? Why not just one or the other? The reason is that some people cannot take a second chance, and when issued a bad debt credit card without a credit check being carried out, they still screw up on the repayments.

These cards don’t offer you a large amount of credit initially, sometimes only $500 or £250, but even then they can’t make the payments. They max it out in 5 minutes and then pay nothing for months. Eventually, their credit is totally irreparable, and they have no chance of getting any credit anytime – at least not till the legal time limit for their record to be visible has been reached.

However, it is possible for them to fund a prepaid credit card and then use up to the sum funded as they would any other credit card. That can’t be exceeded, but the card can be use for normal internet purchases and online bookings just the same as any other card and as long as the credit limit isn’t exceeded, just like any other card. It is possible to have your salary or wages paid directly into your card account, so you can use ITM machines to get cash and you can also use direct debits for regular payments from the card.

If all this describes you, then a prepaid credit card is an ideal solution to your need for a payment card, and if you haven’t yet shot yourself in the foot you should also be able to successfully apply for a bad debt card. A small credit limit to start with, but stick with it and not only will that limit be increased, but you have already started to repair your bad credit score. Keep your payments up and it won’t be long before you can get a normal credit card.

For further information on the benefits of bad debt cards and prepaid credit cards visit http://www.globalcreditguide.com where you can get out of your problem by accepting any of the great cards waiting for you.

Article Source: ArticleSpan