The best way to repair your credit rating is to maintain one credit card and make regular payments on all loans and other financial obligations in compliance with your monthly budget, cut back on non essentials And make regular contribution to clear outstanding debts, it's not unusual for creditors to sell customer accounts to other competing credit companies as good credit worthiness exchanges. If it has happen to you, be assured that you are not the only one; it's a common practice in the industry, and one that is resourcefully revenue clever, because as a customer becomes more credit worthy, over a period of time, they also become more valuable to many other creditors. Building the business up to make a greater profit, some credit companies, especially favorable to bad creditors, will help customers build their credit back up, and then sell them to another company. This can be a good change for the customer and may well lead to their new account having a have better APR. unfortunately there is a down side for individuals with very bad credit rating, this comes as a result of possibly several negative circumstances, so with little or no hope, cash for the moment is one of their only monetary means of paying for goods obtained, where a credit cards is specifically required, but due to the vast amount of repossessions and foreclosure, many people have fallen into an unwanted position of negative equity, unable to make payments on time, also due to lost of regular employment or severe illness, It is possible to have credit that is so bad that even those selected companies that specialize in issuing bad credit cards won't issue individuals a credit card. Once this point is reached. It is quiet possibly that through bankruptcy or administrative liquidation bringing company closure and lost of income, realistically, debit cards and prepaid credit cards will become the only options left. Debit cards work the same as credit cards when making a purchase for the most part, and they can't get you into any further credit problems. If no funds are not in the account, prepaid cards work exactly like a credit card; however money must be deposited into the prepaid credit card account before they can be used. With all of these new and innovated interesting options open to consumers, there is something out there on the market to meet everyone's budget, damaged credit can be repaired with consistent repayment on bad credit cards which has been made widely available for everyone and will allow just about every individual to take part in our modern economy. Bad credit is no longer an insurmountable brick wall, but anyone with adverse details against information against their name can have their credit file repaired, with careful budgeting and money management consistent repayment effort over a continuous period of time, even the worst unfortunate person with a bad credit history can look forward to credit independency. Typical example of what comes with a bad credit card which can assist in making lower purchase interest rates a realistic possibility, always used credit cards wisely and cover your balance by paying more than your monthly minimum payment on time, bad cards are beneficial to individuals if they are use for good reason. - No annual fee - Up to 56 days interest free on purchases - Free additional card holder - Free fraud monitoring - we'll warn you of any suspicious activity on your account - Chip & PIN technology for added security whenever you use your card - Visa is widely accepted in the UK and abroad - Convenient for paying on-line and over the phone - typical 39.9% APR