Sometime due to a bad credit record, banks and other credit issuing companies may not agree to issue credit cards to someone. In that case the person should not avail a sub-prime borrower card because it is really dangerous. It’s like a mirage. From above it seems that this type of card is very good option but this type of card has many loopholes and eventually it may lead you to high debt.
There are many lenders who issue these cards to people who have a bad credit record. They show off that they are taking the risk on behalf of the concerned consumer who is receiving the credit card. But they make a huge profit on this type of dealing. The consumer has to pay a huge amount of interest along with the fee.
So the consumer with bad credit history should not receive any sub-prime borrower cards. There are many other options available with him like secured credit card where the consumer has to pay the same amount of money to the bank on which he/she is receiving credit card. If that option is not also available for that consumer then he /she should choose the cash payment option over sub-prime borrower credit card.