Yes, it is true; you can obtain a credit without having a good credit score. In fact, these days quite a few people with terrible credit ratings are obtaining credit cards quite easily. In days gone by, most banks would refuse to even consider an application if the patient did not have an average score or better. Even then the screening process was quite rigorous. However, these days everyone seems to have a credit card and banks are dishing them out left, right and center.
During the recession period, this process slowed down to an extent. But these days, the world economy seems to be in a better state and banks are once again increasing their lending options. Credit cards for people with no credit are available through various financial institutions and one can apply for them through the internet. The internet has made many a financial transaction easy and credit application is no different.
There are quite a few websites which offer sound information on credit cards and they help in the application process as well. In fact, all you have to do is to enter your information and click ‘enter’. If you have a bad credit score then you can opt for the card which is specifically designed for people like you. These cards have a low credit limit and the interest rates may also vary according to the person. One can negotiate the rate of interest with the institution if the credit rating is good. These websites offer articles about credit cards as well.
Reading these articles can provide a good insight into the workings of the system and you will be able to understand the various options better. Credit Land is one such website which makes things easier for credit card applicants. Students, businessmen, and consumers can now select from the various credit cards which are available. You will also find a FAQ section on the website which serves to clear up any doubts and queries. You may pick up interesting tips and information relating to credit cards along the way as well.