The credit crunch has affected many Americans, even those with excellent credit histories. However, those who are classified as subprime, or bad credit, are the worst hit.

These days, credit card companies are so risk averse that they no longer dare to make loans or extend credit. They rather sit on depositors' money and federal cash injection than do business and make profit.

This has caused hardships for retailers who cannot clear their inventory as people have little cash nor credit to spend. Businesses are also finding it hard to pay their employees with the banks curtailing their credit.

There are simply too many hoops and hurdles for people with bad credit at the moment. Even if they manage to secure a credit card, the credit limit is often lowered or they are forced to open fixed deposits first.

Help is on hand. BadCreditOffers.com is among the handful of online sites which provides a comprehensive comparison of credit cards for people with bad credit. It is very popular and has helped many people, if the millions of visits since it launched in 2005 is any indication.

The site now features rankings, interest rates, and other key data on bad credit credit cards from major credit card issuers. Users can just click a link to each offer’s online application in a quick and easy manner.

Current interest rates for credit cards for bad credit start as low as 7.9% and go as high as 19.92%, with many offering applicants a credit decision in less than a minute of application.

If you are interested in bad credit loans, visit the site to find out more.