2012 cards to repair credit history

American citizens are receiving a number of mail solicitations from various banks, because some of the little-known banks are using predatory tactics and scraping out personal details such as addresses and names from the courthouse records. They lie and wait in the hope that you would be willing to spend hundreds of dollars by way of application fees, when you are already maxed out on your MasterCard or Visa card. Rather than doing this, a better option would be opting for credit cards for bad credit, because this can help in giving a boost to your credit score.
The prepaid debit card is the only thing that is common among American Express and Western Union, and celebrities like Russell Simmons, Suze Orman, and Kim Kardashian. Retail banks are now hiking up their service fees, so celebrities and retailers are now hoping that you will switch to prepaid debit cards for daily cash management. However, if you are thinking of rebuilding your credit, you may have to think again, because debit cards tend to carry a lot of hidden charges. These extra charges and fees very often render the card useless, especially when you have to rebuild your credit.
The debit card that was launched by the Kardashian sisters had to shut shop, after it received a whole lot of criticism due to the hefty annual service charges the card carried. Although Simmons had indicated that he was trying to figure out a way to get his ‘RushCard’ to give a detailed report on utility payments and rent to the credit bureaus, he hasn’t succeeded in doing the same to ensure that his plans work.
Even Orman’s ‘Approved Card’ charges its customers ATM fees if they don’t opt for direct deposits. This card includes a high-yield savings account. Walmart, Western Union, as well as other check cashing companies also hope that customers will switch to their retail debit cards owing to the inconvenience of banking hours and other factors.