Statistics reveal that while Minnesota and Dakota are states that have the best average credit scores (around 720) the worst credit score average belongs to Nevada.

Why is this?

According to experts, low cost housing is a significant factor that determines these good and poor scores and which also results in lower rates of foreclosures as well.

Most people will agree that with a bad credit score, it becomes really difficult to get the best loans and rates that those with an excellent credit score get, and thus consider consistent credit monitoring to be vital to getting back on your feet financially. If you make your payments on time and spend money in a disciplined manner, you can be sure that it will take at least a year to revise your FICO credit ratings again.

While there are organizations that help you to deal with this, there are lenders who will provide you with loans and credit cards for people with bad credit. And here is a list of lenders that you can possible try to obtain credit from in the form of credit cards or even bad credit payday loans:

#1: Smaller retail stores

While the bigger players might not give you that second chance, these smaller companies might. All you have to do is use the credit card to make small purchases and pay the minimum amount on time.

#2: Your friend or family member might help

If you are really stuck with bad ratings, then asking a friend or a family for assistance by co-signing for a credit card might work. Of course, this will only stand provided they have good credit.

#3: Secured Credit Cards

If you can’t use any of these options, then a secured credit card might help as you will have to open a savings account as security. The bank will then decide what percentage of your deposit will be the credit line that you receive.