Yes, theres a huge crisis in the sub-prime mortgage market yet theres still room in the sub-prime credit offers market. The banks certainly dont want to completely ignore the sub-prime financing market so they are providing lines of credit via credit cards. For the most part banks are focusing on secured cards there are still unsecured lines of credit available to people with bad credit.
The Orchard Bank line of credit cards (provided through HSBC) in particular are still being offered to those with poor credit. The acceptance process has become more stringent however their application process will help you get the card that is right for you.
Orchard Bank uses a credit selector tool to ask questions and then through their technology will determine the right application for your current financial situation.
This is great news for consumer with bad credit because it helps to mitigate the risk taken by the bank when issuing you a credit card plus their unique system of pre-qualifying helps you, I will explain how this works now.
The first thing that will happen when you apply for an Orchard Bank credit card is a pre-qualifying form will be presented to...
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