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Credit Card Debt Relief

Thursday, June 13, 2013

Credit Cards Applications For Bad Credit

When it comes to filling out a credit card application, bad credit doesn't necessarily disqualify you from being approved. While you may not have as many options as consumers who have a good credit rating, you can still find a company willing to extend credit to you. Follow the guidelines below as you complete the application form.

Type of Application

The first thing you need to consider is the type of application you are filling out. If you need to rebuild your credit, one place to start is by using a secured card. Bad credit doesn't mean that a card company will not issue you a card. You nay need to put up a security deposit to ensure that the company issuing the card is paid. Once you have made your payments for 12 months or so, you may qualify for an unsecured credit card.

Another option is look for a company that is prepared to issue a card to a person with less than perfect credit. You may need to pay a higher rate of interest or an annual fee, but at least you will have a credit card. As in the case of a person who applies for a secured credit card, once you have established a better track record, you will be able to qualify for a card offering a lower interest rate.

Completing the Application

As you complete the application you will need to have on hand information about your existing bank accounts, savings, monthly payments and debt. Have this information at hand before you even sit down. Then- be accurate! Inaccuracies cause delays and less than forthright information can eliminate your chances of getting a card. Consider using a third party credit tracker device that will allow you to input much of this data just once. Using an online application may be easier that filling out and mailing back paper forms via snail mail.

Don't think that you can't fill out a credit card application with bad credit. You have credit options that are open to you. If you visit a web site with a free credit card chaser tool, you can compare different ones to find the right one for you today!


Wednesday, March 27, 2013

Credit Cards Offers For Bad Credit

Having less than perfect credit does not cancel out your credit card options. In fact, just the opposite is true. These days, banks issue plastic for every need under the sun. This includes cards designed specifically for those with poor credit. By taking advantage of bad credit credit card offers, you can get back on your financial feet in no time. Read on to learn more about these offers.

Prepaid Debit Cards

If you have trouble getting approved for a traditional card, a prepaid debit card is a smart alternative. With this option, you first deposit money into your account. You can then use your card to make purchases. To help you stay on track, your line of credit is limited to the amount you have deposited. By putting money into your account and making purchases, you will rebuild your credit. For two great prepaid options, check out the All-Access Visa Prepaid Card and the Wired Plastic Prepaid Visa Card.

Secured Credit Cards

Another option for those with bad credit is a secured card. This type of card requires you to open a savings account. The account serves as security for the line of credit. The credit available to you is a percentage of your deposit. This usually ranges from 50 to 100 percent. If you pay off your balance consistently, over time your line of credit will increase. A secured offer usually includes an annual fee and high interest rate.

First Premier and Orchard

Perhaps you plan to occasionally carry a balance on your card. If this is the case, there are various bad credit credit card offers available. First Premier Bank issues cards designed for those with poor credit. First Premier Bank offers low interest rates and the chance to improve your rating. You can be approved instantly for one of their cards. Check out the First Premier Bank Gold MasterCard/Visa to get you started.

Orchard Bank also caters to those with a poor credit history. The Orchard Bank Platinum MasterCard offers a low interest rate on purchases. It also regularly reports to credit bureaus. This gives you a chance to use your card, pay off balances, and have creditors take notice.

Both First Premier and Orchard Bank cards include a number of fees. First Premier Bank charges initial fees of $29 and $95, as well as a monthly participation fee and annual fee. Orchard Bank requires a high annual fee.

These expenses may seem high. However, it is important to remember that these companies are offering cards to those with poor credit. Most bad credit credit card offers include extra fees due to the risks involved. Yet these cards are designed to help you improve your credit rating. Once you show that you can handle these cards wisely, you can apply for other offers.

Don't let poor credit get you down. There are many offers available to you. Choose the option that's best for you and then apply online. With careful planning, you can improve your credit score. Soon you'll be in good standings once again with lenders. This can open many more financial doors in your future.

About the author: Kent Parker is a contributing editor for www.CardGuys.com. Visit his website to apply for a Bad Credit Credit Card.

Friday, March 16, 2012

Instant Decision Credit Cards For Bad Credit

What are 'instant decision credit cards'?

An instant decision credit card is a card you apply for online, where the provider gives you a decision about whether you will be offered credit very quickly, usually within 60 seconds.

Credit providers make these decisions using an automated check, which is why it is so quick. If you meet the requirements exactly you can be accepted instantly, but if your credit rating is very bad then it is highly likely that you will be rejected.

However, many people won't fit neatly into either of these categories, in which case your application will have to undergo further checks and will take a little longer.

Am I eligible?

To be approved for most instant decision credit cards you will need a good credit rating. You may still be approved if your rating is not 100% clean, but it's unlikely that this decision will be instant, as your application will have to be reviewed further.

Additionally, you will be required to have fully functioning bank account, be over 18 years old and be registered on the electoral roll.

What are the benefits of an instant decision credit card?

It does what it says on the tin. You get a very quick decision on whether you can get credit from that provider or not, and your card arrives soon afterwards.

They can be good if you need to pay for something urgently up front, such as travel expenses. They're also suited to people who don't have time to spend a long time filling in forms and responding to follow up calls and emails from the credit company.

Additionally, you get all the benefits that normally come with a credit card, such as protection if your card gets stolen or cloned and cover on any purchases between £100 and £30,000.

What are the cons of an instant decision credit card?

Credit providers know that when you apply for an instant decision card, your priority is the speed at which you can get it, rather than making sure you have the best possible deal. As a result, the deals offered with instant decision credit cards typically have higher rates and fewer benefits than their slower decision counterparts.

How do I know which is the best provider?

In the past, comparing offers meant hours of research and drawing up tables, but thanks to comparisons sites this is no longer the case. Online searches will highlight exactly what each provider is offering in terms of APR, interest and additional benefits (such as cashback and points schemes on certain purchases), making it easy for you to find the best card for you.

However, as with any credit application, it's important to check the small print to ensure you're not signing up for something which will leave you in financial trouble or with a poor credit rating later down the line.

At www.creditchoices.co.uk you can compare instant decision credit cards online. Whatever your individual credit card needs, we can help you find the best deal.

Credit Cards With No Security Deposit For Bad Credit

How to Get a No Security Deposit Credit Card Despite Bad Credit:

When it comes to giving credit to people with bad credit there are a few options. Back when credit cards were gaining popularity you had to fit certain criteria to get them. Things like a stable job, enough income to meet the company's specific requirement and a good credit history were standard. If you had bad credit you were most certainly denied. There are now many more options and we will look at the differences here and help you find the best one.

Nowadays it's a bit easier to find a credit card even if you have bad credit but they are usually prepaid or secured credit cards. There are also secured loans which require collateral. Secured credit means that you are suppose to make a deposit, put money into a designated savings account or in the case of loans, assign something of value as collateral. When you miss your credit card payment, the provider will just withdraw it out of the deposit you had. When you qualify for unsecured or close your account then they will give you your money back.

If you don't want to make a deposit then you have to look at prepaid cards. Prepaid means just that what it says, you load the money in advance. Anyone with a bad credit history is guaranteed, you typically pay a small per transaction or monthly fee. However, you now can do all the things you did with a regular credit card like shopping online, renting cars and hotels, etc. When you want to use it again just load it.

It is a great way to still have a credit card regardless of your bad credit. The only thing is, it doesn't count towards your credit history. If you can, get yourself what's called a bad credit card instead. Cards like the First Millennium Platinum Card. They don't take your bad credit history into account as they do not do credit checks.

Some providers take days to process your application and get back to you about approval. First Millennium Platinum Card has a sixty second approval process you can access through their website. No more long waits for approval! Remember, I also said no credit check. Providers who issue cards to those with bad credit understand that sometimes honest people run into to problems and their bad credit history doesn't mean they are irresponsible.

If you need cash in a pinch, First Millennium Platinum Card can provide you with an instant cash advance as well. At some point in time we all have some sort of emergency in which we can use a little up front cash. Unlike payday loans which are very popular these days, First Millennium Platinum Card offers zero percent APR so you won't get gouged every time you take some cash to get you through to payday.

Always remember to make on time payments with your new credit card. There is no better way to improve your credit score. Use your new First Millennium Platinum Card just as you would any other card and enjoy the freedoms that come with credit cards, all the while rebuilding your good credit back to where it once was.

This Article is related to the subject of bad credit. If you are looking for first millennium platinum card then www.card-approvals.co.uk is the greatest place for you.

Credit Cards For Bad Credit and Unemployed

How To Settle Credit Card Bills For Less - Credit Card Solutions For the Unemployed

Unemployment is a big problem for any economy. When People become jobless, they find various sources to earn money whether these resources are good or bad. Using credit card is also one of the source through which a person fulfils his desires by purchasing things on credit. Before the World economic recession, American citizens used to make their purchases through credit cards and then follow the schedule of regular payments. But after the down turn in economy, these people have become jobless and have no option to pay back the loan amount. Here are some Credit Card Solutions for Unemployed people of America.

Credit card companies have two responsibilities, one is to distribute the loan and other is about the collection. After economic recession, these credit card companies have more focus on the collection rather than distributing more cards. So first of all the unemployed people do not need to worry about paying the whole amount because in these bad days, the creditors are not looking for the whole amount but they are going for whatever the debtor can pay. The debtor should consult its credit card company and ask for leniency. The creditors have realized that people have no earning powers so they are not in a position to pay back the loan. They also do not want the debtor to file for bankruptcy because in that case they would get nothing.

Another Solution for Unemployed people is to hire the services of Debt Settlement Company. Sometimes, a common man does not want to indulge himself in the legal procedures and activities. There are some financial institutions that help the poor debtors to get rid of the loan burden. These companies negotiate with creditors on behalf of borrowers and try to minimize the debt amounts. These companies help to settle the debt amounts up to 50%. If they get successful in minimizing the due amount, they charge fee in return of the services provided.

These Credit Card Solutions for Unemployed people are also beneficial for those who have their jobs but their credit card debts are far more than their earnings. If a person settles the debt amount through a settlement company, he only needs to be careful that he should not pay any services fee until he gets satisfactory results.

If you have over $10,000 in unsecured debt it may be a wise financial decision to consider a debt settlement. Due to the recession and overwhelming amount of people in debt, creditors are having no choice but to agree to debt settlement deals.

Thursday, March 15, 2012

High Credit Limit Credit Cards For Bad Credit

In the early years, applying for a credit card is really tedious. You need to pass all the background checks done by credit card companies in order to get rid of some applicants who already have a tarnished credit card history. But today, credit card application is as easy as one-two-three.

Even credit card holders with bad credit history are given the chance to apply and be approved in the credit card application. There are even applicants with bad credit who can avail of the high limit credit card. All you need is proper information in order to enjoy the benefits of bad credit high limit credit card. If you want to have a high limit credit card, read on and familiarize yourself of the ins and outs in the credit card industry.

After the application, the credit card companies will review your all your papers to make sure that you have stated the right information about you. This is actually a standard procedure exercised by all credit card companies in order to determine the real identity of the applicant. Aside from all the personal information, credit card companies will also monitor your credit score in order to assess your credit limit. Applicants with excellent credit score have a higher chance of getting approved and availing of higher credit limit. But those who have bad credit must not lose hope as the credit score is not the only determining factor in giving the credit limit.

Apart from the credit history, there are still some other variables that credit card companies delve into. Your source of income is also important to credit card companies in order to assure that you have the ability to pay all your debts. Those who have higher incomes despite the poor credit history can still avail of the bad credit high limit credit card. Just make sure that you will now pay your debts on time.

By doing this, you will not only free yourself from too many debts but you can still clean your previous record as a delinquent credit card user. But there are cases when credit card applicants cannot show a proof of income since they are not working on the typical office environment.

Mostly, these applicants are self-employed or are working online. This kind of applicant is required to present a tax presentation showing their real income. By proving the credit card company your ability to pay your debts on time, you can now have access to the bad credit high limit credit card that you long wanted.

But once your credit card is released, avoid all those unnecessary expenses to spare you from paying high credit card bills. Mostly, credit card owners are tempted of buying anything that their eyes can appreciate. After all, it also takes a single swap and then presto! They can now have the item they are drooling about. Though they may enjoy having a credit card for a while, they may soon experience troubles once their bills arrive. As a lesson, buy only the necessary things to avoid great debts in the future.

References for high limit credit cards with bad credit:

Non Prepaid Credit Cards For Bad Credit

Normally if you have a bad credit, it is quite difficult to get approval for a credit card. However, you can procure a credit card for people with bad credit in the United States. These credit cards are the unsecured credit cards, especially designed to help people like you, who have bad credit. With a record of bad credit history, you may not be able to secure an average credit card. An unsecured credit card would usually offer you a lower credit limit, and a higher rate of interest, but with a really bad credit history, you may still be unable to procure one.

Unsecured Credit Cards for Bad Credit People

Many companies can help you out of your desperate situation by offering you unsecured credit card for bad credit people in the United States. They take out ads guaranteeing to approve your application for a credit card, even if you have a very bad credit. This is all fine, but you may save yourself a whole lot of grief by first reading between the lines, and going for the company that offers the best terms.

Do not accept the first offer that comes your way, just because you are desperate. This could land you in a bigger soup than you were in, to begin with. Check with a few companies offering you unsecured credit cards for bad credit. Go through their fees and charges, and other terms of agreement. Ensure that you do not land up paying more than you thought you would. Check out the kind of fees they charge. Reputed companies offering unsecured credit cards would probably charge an annual fee, and little else.

Check out the track record of the companies offering you unsecured credit cards with bad credit.

Unsecured Credit Card - A Sound Option

After sifting through all the confusion that the ads from the credit card companies create, obtaining an unsecured credit card with bad credit may be quite a sound option. Terms, such as, 'non prepaid credit cards for bad credit,' and 'guaranteed credit card approval' are just promotional strategies, and you need to look beyond the hype.

Some companies may offer you unsecured credit card with bad credit in United States that come with a higher credit limit, but it may be a 'shopping' card - which you can use to purchase from a particular vendor, or a catalogue, only. It does not matter as long as you are able to shop for your needs, and that too with a higher credit.

Ensure you make timely payments on your unsecured card to enable you to improve upon your credit rating.

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