More about Bad Credit...
Damaged credit sometimes happens to good people. Perhaps you lost a job that seemed perfectly secure. Maybe you had astronomical medical expenses only partially covered by insurance or not covered at all. There are many understandable reasons why responsible people might lose their good credit ratings.
Credit companies recognize this and offer ways for you to restore your credit. One of the ways to do this is with a secured credit card. With a secured card, you deposit a certain amount of money; for example if you deposit $500, you could be issued a card with a $500 credit limit. If you keep within your limits and pay all charges on time, eventually your deposit may be returned.
Other card types and options are also available for those with bad credit and CreditSoup.com works hard to find offers that could help you. Rebuilding your credit history may be possible: make on time payments to all your creditors and keep your account balances low relative to the credit limit.