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With this being said, this does not mean that you should rule out being able to get a credit card.
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The provider can use this amount as collateral in case the borrower defaults on the payments.
Instant Approval Credit Cards Other cards that also work in a similar manner in terms of the approval process, are Instant Approval Credit Cards.
These do typically involve some form of a credit check, however.
While the steep interest rates are less than ideal – having a card with a lower limit can mean that you are less likely to overspend and therefore can be better equipped to manage the repayment schedule.
Being able to stay on top of these payments can help you rebuild your credit and get your finances back on track.
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