I had decent credit in the past but ruined it with... - Limited/Bad/Fair Credit Questions

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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » I had decent credit in the past but ruined it with the Ulta Beauty’s Ultamate...

I had decent credit in the past but ruined it with the Ulta Beauty’s Ultamate Rewards credit card. The card went to collectors but it is paid now. I am looking for a credit card that will approve me to rebuild my credit, can you advise?

Answered on | Updated on July 19th, 2016
The content is accurate at the time of publication and is subject to change.

You have two options to go with: the first is an unsecured credit card for people with bad credit, and the second is a secured credit card. It is easier to qualify for a secured credit card when your credit is bad because secured cards require a security deposit. Also, secured cards often come with low interest rates and fees, which is important if you are going to carry some balance on your new credit card. As for unsecured credit cards, they are a bit harder to qualify but they do not require a down payment. They may have application or processing fees, though. You can compare both types of credit cards to see which is the best option for you.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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