Category Archives: Moneykey Loan

What things to watch out for in a credit card for bad credit

What things to watch out for in a credit card for bad credit

A 2015 CFPB research looked over the vulnerability of subprime consumers (customers by having a FICO rating of 659 or below) and discovered that charge cards for bad credit are a lot more high priced, with charges and interest surpassing 40% of these customers’ year-end balances in 2013 and 2014. The CFPB additionally unearthed that agreements for bank card services and products marketed mainly by subprime professional issuers are specially tough to read. Continue reading