Subprime borrowers will typically have higher APRs on credit cards or higher interest rates on mortgages than their prime borrower counterparts, for example. In other words, having a credit score ...

But, even with that rate cut, credit card rates will remain at record or ... Even though rates aren’t rising anymore, subprime cardholders still must contend with high rates brought about ...

Prior to Newsweek, Ashley spent almost three years at Bankrate as an editor covering credit cards, specializing in transactional content along with subprime and student credit. Newsweek Vault has ...

Prior to Newsweek, Ashley spent almost three years at Bankrate as an editor covering credit cards, specializing in transactional content along with subprime and student credit. Newsweek Vault has ...

And even if both a prime and a subprime borrower qualify for the same credit card or loan, the prime cardholder will most likely receive better terms, a higher credit limit and a lower interest rate.

5. Decide Between Secured, Unsecured, Or Subprime There are three kinds of credit cards to consider. First, a secured credit card is backed up by a cash deposit equivalent to the credit limit ...

Our opinions are our own. A subprime mortgage — also referred to as a “bad credit mortgage” or an “alternative mortgage” — is a financing option for home buyers who don’t meet the ...

unsecured cards are ideal for those who are new to credit. On the other hand, secured cards and subprime cards are best for those who have had serious credit problems." We'll review everything you ...