Pages

Credit Card Debt Relief

Saturday, March 10, 2012

Low Interest Credit Cards For Bad Credit

Is it Possible to Get a Low Interest Credit Card With Bad Credit?

Due to global economy crisis, many people are suffering from bad credit. Having poor credit history is unfortunate. In order to rebuild it, you need to put in extra effort. One of the constructive ways to improve your credit history is through obtaining a new credit card. In general, this specially designed card charges the card users higher interest rate compared with the normal cards.

It is reasonable for the card providers to request for higher interest because it is always riskier to offer credit card for people with low credit score. However, it is still possible for you to obtain a card with low interest rate. Although it is a challenging task, with the right technique, you will be able to get a card with very reasonable interest rate. Let me tell you the secrets:
  • First thing first, you are advised to open a saving account with a local bank or a credit union which you are familiar with. You are required to set up direct deposit for your monthly pay check, if possible.
  • Secondly, after opening a saving account, you have in fact established your financial trustworthiness with your "potential" lender. You can start submit your credit card application with your bank or credit union. You stand a high chance of getting a card since your potential lender has got your record with them.
  • Thirdly, the total amount of your saving may not be a lot. Hence, the lender will normally offer you a very low credit line. You are advised not to reject but to accept the low credit limit with open arms. In actual fact, a card user is able to enjoy a good interest rate if he or she has a lower spending limit at initial stage. Don't be upset with the credit line. If you make your monthly repayment promptly every month, your card provider is more than willing to increase your credit line gradually.
  • Before you make your final decision, you are reminded to read all the terms and conditions carefully. Make sure that you are able to enjoy normal grace period like normal card users.
  • If you are not being offered a good interest rate, don't be disappointed. In my personal point of view, you should accept the offer as long as it suits your financial needs and you can really afford to pay. Again, by making your payment consistently, sooner or later your card provider will still reduce your interest rate.
Last but not the least, if you think that you can't afford the high interest rate, don't apply for credit card. There are debit cards and prepaid debit cards waiting for you!

Starter Credit Cards For Bad Credit

Starter Credit Cards to Help Rebuild Credit

Many people are looking to start over after a bankruptcy or a failure to pay back debtors. While you can't erase the past at least not until credit problems expire from your credit history you can rebuild your credit with a secured credit card. Secured cards require you to pay a deposit to open the account. On-time payments help you build a positive credit history despite mistakes made in the past.

Unitus Community Credit Union

Unitus Community Credit Union offers a secured Visa card for those who have a poor credit history. You must have a savings account with Unitus, as this card is secured by funds in your account. You must have 1.5 times your credit limit in your savings account to use the card. For example, if you have $600 in savings, you will have a credit limit of $450. After 12 months of consecutive on-time payments, this card converts to a standard credit card. There are no annual fees or over-limit fees with this card; late fees are $20 per month.

unitusccu.com

Orchard Bank

Orchard Bank offers a secured Mastercard. You pay $200 at the time of application to secure the card. You also have to pay a $35 fee each year to Orchard Bank, starting with your second year of service. You can get up to $200 worth of credit from your deposit, although the credit limit can be raised once a year. Orchard Bank offers a variety of customized alerts online, by text or by phone to help you manage your account and keep track of your spending.

orchardbank.com

Capital One Secured Mastercard

Capital One allows you to secure a credit card with $200 or more. Your credit limit is equivalent to the amount of money you pay for the card. Capital One accepts security deposits of up to $3,000, according to their website.You may send in more money over time if you wish to increase your credit limit. If you pay on time for 12 months, you may be eligible for a credit increase without having to pay an extra deposit. Capital One charges an annual fee of $24.

capitalone.com

Credit Cards For Bad Credit Rating

Credit Cards For Bad Credit Rating - Rebuilding Your Credit Rating With Bad Credit Cards

It is said,
"Humanity is at the crossroads of the most serious economic and social crisis in modern history." There are many people who are overwhelmed by their mounting credit debts. They fall prey to companies that promise initial low cost balance transfers at an unfavorable long term interest rates while looking for a lower cost way of reducing their debt. Over the time, they find that their monthly payments end up only at paying off the interest accrued on the debt.

It is quite sure that financial problems will put you under difficulty and you may find hard keeping up with your financial responsibility. Your rating will be very low for many years. In such cases, it is difficult to get a it to repair your credit. But there are ways to get cards even if you have bad credit.

Applying for bad credit cards

People who have less than prime history have an opportunity to apply for bad credit. These cards are designed for such purposes and companies know that many people who have a bad credit rating still need credit cards. They entice their customers by offering these cards overlooking their history.

Credit cards for bad credit customers carry higher fees and interest rates when compared to other cards. And the line of credit offered will also be low. Nevertheless, you get an opportunity to build your credit again by repaying the debts promptly at the end of each month.

Getting a secured card

If your application for unsecured card is declined, you are still left with an option of getting a secured credit card by showing some of your assets as collateral security. This type helps you to improve your rating at the expense of extra fees.

Getting a prepaid card

This type is easy to get as it is issued against the amount of money deposited in your bank account. The prepaid card works more like a debit card because you can use your card only up to the amount of money you have deposited.

Thus, bad credit will not hold you back when it comes to credit card.

About the author:
Chris is the writer of this article, you can visit www.granitecard.co.uk for more information on credit card for bad credit rating.

Best Credit Cards For People With Bad Credit

Top Credit Cards For Bad Credit

Consumers from all backgrounds struggle with money issues at some time in their life. One of the best ways to rebuild a score is to get positive reports to the bureau. There top credit cards for bad credit can help a consumer do that.

Consumers have the choice of three types of cards; unsecured, secured and prepaid. The least helpful of the three is the prepaid cards. Prepaid accounts do not turn information into the bureaus which means no positive marks will appear on the report. An unsecured account is when a bank extends a card to a consumer without any deposit. The final type is the secured account. A secured account requires a deposit from the consumer that equals or is slightly lower than the card balance.

The account that offers the best interest rate out there for those with damaged history is from Orchard Bank. An APR of 7.9% is well below the standard 14.9%. But they do have a high annual fee of up to $59 which is not charged for the first year. Consumers will also have to deposit a minimum of $200 to open it.

The Capital One Secured Mastercard offers the best maintenance fee in the industry, $29. This card is unique because it gives consumers a low deposit of $49 for a $200 limit. Because this is a partially unsecured card the APR is a huge 22.9%. This makes a great emergency card but not an every day use card.

The Citi Secured Card is a very unique card, instead of placing the consumer's deposit in a non interest account it buys CDs with it. Other perks of this card are no monthly fees and a low annual fee. Consumers face a huge 18.24 APR on balances.

Open Sky Secured Visa gives consumers a low 9.75% APR, but it does need a $200 deposit. This card charges a high, $50, annual fee. There are also hidden fees when consumers make changes to their account.

Mango prepaid mastercard is ideal for some one not interested in building their report. Unlike other prepaid accounts they do not have an activation fee. This card also gives consumers a $20 sign up bonus and does not charge to place more money on the card. Watch out for hidden fees with this company.

Your history will not change overnight. Positive reports are earned with timely payments, not using the entire balance and careful use. These best credit cards for bad credit can help consumers get there.

Related articles : Best Credit Cards For Bad Credit

Instant Approval Credit Cards For People With Bad Credit

Do you want a credit card but are afraid to apply because you have had bad credit in the past? If so, you may be in for quite a surprise. There are companies offering cards for individuals with bad or less than perfect credit. You may even be able to get instant approval credit cards with bad credit. However, the important thing is to always read the fine print before applying for an offer.

Cards designed for people with bad credit will help them rebuild their histories because they report to the major bureaus every month so if you pay your bills on time, your score will improve with these offers. However, you may be paying a steep fee for this privilege, at least with some of them.

Here are a few examples of some things to watch for that do more harm to you financially than any good they may do:
  • Offers charging a "one-time setup fee"
  • Offers charging additional "one time fees"
  • Offers charging high annual fees
  • Offers charging account maintenance fees
While all these fees may sound like small individual fees, some offers are charging this to customers that have bad credit and feel they can't get anything else. The charges can easily add up to over $200 per year. All these fees are also in addition to the high rate of interest they are charging. It may not be unusual to see various charges for individuals with bad credit but they shouldn't be this high.

Be careful to research and comparison shop so that you can find you some good deals that may charge an annual fee and even set up fees but nothing like what I mentioned up above. Secured and unsecured offers are offered online for consumers with bad credit. Instant approval credit cards are generally designed for individuals with good credit but some companies have options for other consumers as well.

Secured cards are a great way to rebuild your credit and may be available with instant approval. Your limit on secured credit cards is the amount that you deposit into the account. If you make your monthly payments, your score will gradually improve and you'll be approved for unsecured offers with much better terms.

About the author:
Bill Glass, Editor-in-chief www.DealsForCreditCards.com
DealsForCreditCards.com is the leading credit card marketplace, bringing consumers and card issuers together online. Compare hundreds of offers side-by-side, calculate balance transfer savings and apply online. Visit the site to compare instant approval credit cards today.

Friday, March 9, 2012

Airline Credit Cards For Bad Credit

Airline and travel rewards credit cards allow cardholders to earn points for every dollar spent. There are two types of airline rewards cards: airline specific and general travel rewards. Airline specific credit cards tend to offer a substantial amount of free bonus miles upon approval. However, these cards do tend to charge annual fees. General travel rewards credit cards tend to offer more value based features, such as 0% interest rates, low long term APRs, and low or no annual fees.

Visit www.smartcreditchoices.com you will find information on airline credit cards as well as links to secure online applications.

Airline Credit Card Tips

General Miles Cards are Often Better than Specific Airline Cards: Unless you live near the hub of a major airline and historically fly the same airline multiple times a year, a general airline miles card may offer you better value. With a general miles card, you can use the rewards you earn on any airline and typically without any blackout dates. Miles earned with a general card can typically be redeemed at a value of one cent per mile for any flight you choose. With an airline specific card, even those that advertise no blackout dates, there is no guarantee you can book the flight you want since you have to deal with the airline's frequent flyer booking system.

What are 25,000 Free Miles Worth?: In general, airline miles are worth about one cent a piece. Thus, 25,000 free miles are worth about $250. However, these free miles aren't entirely free. With annual fees on many airline cards hovering between $50 and $100 a year, you'll end up paying for these miles in full within the first two to four years of being a card member.

You Might Be Better Off With a Cash Back Credit Card: If you want to net the most rewards possible, you may want to consider a cash back credit card. One reason cash back credit cards are superior to most airline cards is that they lack an annual fee. For example, if you spend $8,500 on a cash back credit card, you'll earn $85 that can be spent on any flight you want. However, if you spend $8,500 on an airline credit card with an $85 annual fee, you'll have to spend $85 to earn $85 worth of rewards. Thus unless your card offers a valuable perk, like free checked bags, you may be better off earning cash instead of miles.

Credit Cards For Bad or No Credit

Do not believe people who tell you that applying for a card when you have no credit is very difficult. It is true that you are left with a few choices but then there are actually a lot of ways available that enable you to get the best credit card for you even if you still have no credit score or if it falls way below the desired score.

Having no credit score usually means that you do not have made any type of bank loans. This also means that your FICO score is below 600 and is considered as poor. Having no credit score is actually both an advantage and a disadvantage and through knowing what these pros and cons are, you can then consider your situation as a clean slate that can help you boost your credit score and eventually get best card type you need.

When you apply for a card for the first time, it is important that you secure your application with a trusted lender or a provider that can help you process your card application. Online application is already possible nowadays for convenience. Online providers like Creditland.com can help you get the type of These card you want without any type of credit requirement.

Important Facts to Consider

It is also possible that you first start to build a credit score without applying for a credit card. This might be because the particular type of card you want or need requires a certain credit score.

Applying for a bank account can help build up your score and your bank's trust so that you get to have the card of your choice and you also have a higher credit score. A six-month period is usually enough for a bank to determine whether they can trust you financially or not.

Through the proper use of your first ever card, you can then unlock other credit card types with new offers that can work well for you. Make sure that you pay your debts on time and also avoid exceeding the credit limit that has been set to avoid damaging your score.

These cards for no credit might also be a great start for you. Especially when you are of good financial standing and you want to build your credit score safely and successfully. Being financially able is a great point booster as lenders will see you as someone that they can trust. It will also open up the possibility to apply for new credit card types that can offer you additional benefits you might need.

Paying on time and not exceeding the credit limits can definitely help you boost your credit score. This can also help you earn the trust of lenders so that they can also start offering you other types of deals that you can make the most out of.

Looking for the best credit cards for bad or no credit? visit www.credit-land.com, They can help you find the best type of no credit plastics that fits your needs.

Applying For Credit Cards With Bad Credit

Applying For Credit Card With a Bad Credit Rating

Have you found yourself in a downward spiral trying to get caught up on bills, yet only finding your debt climbing higher and higher? Unfortunately, that is a reality for many people in society today. The amount of debt per family in the United States is at an all time high. This type of spending behavior and financial planning will lead you to have bad credit. That will only add to your cycle, as you will find your interest rates for major purchases and credit cards with climb as your credit rating falls. Thus, you will struggle more and more financially.

Individuals find themselves with bad credit for a variety of reasons. No one really sets out to have their finances in a mess. Some simply do not know how to budget their finances and over spend. Others find their finances changing do to a loss of employment, illness, divorce, or death. For others, it is a habit such as gambling, online pornography/phone sex, drugs, or alcohol that leads to bad credit because they are not using their income to pay their debts.

What can you do when you have bad credit? You have several options available. First, it is always important to contact lenders when you can't make your payments on time. Most will work with you to find a solution that works. They want to get paid, so they are often willing to adjust minimum payments. The solution will depend on the lender, the type of payment, the amount owed, your payment history with that individual lender, and the situation that led to your inability to repay the lender.

If you find yourself overwhelmed by bad credit and a pile of bills you can't pay, there are credit counselors available to assist you. There are many programs available that allow you to consolidate all of your debt into one loan. Often, that program will contact your lenders to work out lower interest rates. It is important that you check to be sure the program is reputable as there are some fly by night programs that will take your money and run. The Better Business Bureau can assist you with such research at no cost.

Regardless of why you have back credit, it is possible to slowly build it back up over time, even if you have had to file bankruptcy. You may find yourself having to pay higher interest rates, but doing so will help you rebuild your credit worthiness. A secured credit card is also a way to do this. It is different from a regular credit card as you must deposit funds to be able to use it. For example, you deposit $500 to the credit card company, and you are issued a credit card with a limit not to exceed $500. This protects them from the possibility of non-payment on the account.

About the author:
Criss manages apply for credit cards and imagine gold card at www.getsomeplastic.com
Criss is also the author of credit blog.

Credit Cards For People With Very Bad Credit

Credit Cards For People With Very Bad Credit - Credit Cards For People With Really Bad Credit

You have bad credit. Your credit score is low. You need to reestablish credit to raise your score. No one will give you a second chance because of your low credit rating. It’s a Catch-22 scenario. Sound familiar?

What do you do when nobody will give you credit? I am going to assume that if you are reading this article, this may be your particular problem. Reestablishing credit is difficult at first but it is obtainable for anyone, and I do mean anyone. Listed below are some tips for you to follow. I operate in the Dallas Fort Worth area so some of the creditors may not be available to your area but I think you will get the general idea of how to get credit and make the climb out of subprime.

What if your credit score is below 675?

You are now migrating to the subprime credit market and you will still get credit offers but with double-digit interest rates and higher administration fees. You will be solicited by numerous creditors. You will still be easily approved by creditors such as Capital One. Paying your bill on time, every time, will increase your credit rating and the ultimate goal is to get your score back above 700 to enjoy the better rates and terms. Staying clean in this arena with low balance-to-available credit ratio's will raise your score and promote you to the higher tier rating.

What if your credit score is below 620?

Now you are in the higher-risk category and you will be limited on who will even offer you credit terms. You will still be available for a car loan through most of the big automaker B-lenders such as Nuvell Credit or Drive Time Financial. The rates will be significantly higher. You can get unsecured credit cards with banks such as First Premier, Orchard Bank, Capital One and Household Bank. You will be paying higher fees, premiums and annual charges but they do report to all 3 credit bureaus, so keep those payments on time and stay clean. Certain national stores will still offer credit still such as Target, Wal-Mart, and Old Navy but they will keep your available credit low, to around $200 - $300, and the penalties for missed payments will be significant. The average rate for those store cards is around 21.99% APR.

What if your credit score is below 580?

You are in the HIGHEST RISK pool. Everything you do will be closely watched. About 90% of this countries creditors will not lend to you. Because of your score, you are now defined as 20 times "more likely" to end up in collections than the average consumer. The banks who will extend you credit will command the highest legal interest rates and they will keep you on a short leash. There is very little leniency shown in this category so MAKE THAT PAYMENT ON TIME or you will be immediately turned into collections and shunned from anymore second chances. Those creditors who are willing to even help you reestablish credit include: First Premier, Aspire Visa, and Prime Mutual. Proceed cautiously.

What if your credit score is below 560?

Chances are you will not be extended credit without posting your own money as a security deposit against your new account. This may include the same lenders in the previous category but now they may require you to put up $100 - $200 as a deposit and application fee. But this is better than a debit card which does not report to any bureaus. If you have no good credit and want to rebuild, this is the price of admission to get back in the game. Again, having no credit or reported positive trade lines does nothing to improve your score and only hinders the credit recovery process.

What if your credit score is below 550?

It’s very difficult to get anyone to help you here. I am aware of only one credit card, New Millennium Bank who will open you a secured account without even performing a credit check.. I think this may be your only resource when your score gets this low. However, they do report to all 3 bureaus. You will pay a higher premium and additional fees to even receive the card. When everyone else says "No," they still say "Yes." Their credit offer may be the only chance to get bureau-reported credit for some consumers.

Thursday, March 8, 2012

Guaranteed Approval Credit Cards For Bad Credit

Poor credit? Confine your search for cash to credit cards, guaranteed approvals available, that can be found online. Credit cards with guaranteed approvals can provide fast cash in an emergency while avoiding the hassle that traditional loans or tough to qualify for lenders can cause.

There are various reasons you could need money fast. When I need money quick, but I have bad credit I usually turn to payday loans, or cash advance lenders that typically charge very high interest rates and up front charges for their services. Requiring documentation to be faxed for approval, it is typically an inconvenient process.

Guaranteed approval credit cards can be applied for faster, and the process is much simpler. You can typically apply for a guaranteed offer from the comfort of your home using their secure online applications. Upon completion of the application you will receive a near instant approval as long as you meet some of their minimum requirements.

Get Fast Cash Using Credit Cards

Once you're approved for your new credit line, you have instant spending power. Your new card will typically arrive by mail a couple weeks from your application date, but few know you can call your new lender and request your card information so that it can be used immediately. You have instant spending power to take care of the emergency expenses that have been plaguing you.

Using your credit card information you can then pay off any lingering bills directly by phone. This also applies to utilities, so that you can use your new card to get your payments up to date and avoid any service discontinuations. Most government and city debts, including many court costs accept credit cards as well now.

Depending on your selected offer, you can also see about withdrawing cash from your credit card as a direct deposit from your bank. Without your physical card in your possession most banks will require additional identification along with your account information for your card, but this can be a very fast and easy way to get cash quick when you need it.

Provide yourself the debt relief that you deserve, these credit cards offer guaranteed approvals so you have nothing to lose from reviewing what they can provide. Get the cash you need fast, then work to rebuild your nest egg.

Visit www.reallybadcreditoffers.com for more information about guaranteed approval credit cards for bad credit

Best Secured Credit Cards For Bad Credit

Best Secured Credit Cards For Bad Credit

When looking for a card to rebuild your credit, you've probably already come across a secured credit card. If you're not familiar with the card, it's a card that's designed to help those with bad credit rebuild it again. The thing I like about these cards is that 99% of the applicants are approved. The only thing that you need to provide is a deposit and you're all set. When looking for offers online, I always tell people to look out for a few things.

The fees - Secured cards are notorious for having fees. From the monthly to annual fees, you name it, they probably have it. Before applying for the card, always make sure that you check the fee schedule. Every fee that the card has will be listed here and it's required by law that they do so. It's very important that you read this.

The deposit - In order to open up an account like this, you'll need to provide a deposit. A typical deposit that's good in my opinion is anywhere from $200 to $500. If it's anything above this, I would start looking into another card.

Reports to bureaus - This is the most important out of them all. If your card isn't reporting, we have problems because this is the reason you're applying, right? Look on the application to see if it reports. If the card does, it will say so. If it doesn't, the card is worthless in my opinion.

With so many offers online, it's essential that you do your homework and find the one that works best for you. Try and use some of the tips above and hopefully it works out for you.

Visit www.findsecuredcards.com to find a secured credit card that can help rebuild your credit.

Good Credit Cards For Bad Credit

Since the state of the economy has taken a sharp dive into the pit of inflation, increased fuel prices, lay-offs failing banks, it's no wonder there's a large consumer population fighting bad credit ratings. Consumer debt rates are at an all time high and finding good credit cards for bad credit ratings can be difficult. Ironically there is an upside to this dilemma where good credit cards for bad credit ratings can provide an opportunity for consumers getting through these tough economical times. In some cases consumers are able to boost scores by consolidating debt. Let us explore which credit cards are good for bad credit and how to use them to turn bad credit scores around.

How to Whip Bad Credit Back Into Shape: From Bad to Good Credit

No matter how hard people try to stay above financial turmoil and poor credit, they may in the current economy, find themselves sinking deeper in to debt. Soon their optimistic attempts to pay off those creditors rebounds. The monthly onslaught of bills builds to become a bleak impossibility of crawling out of debt. Daily consumers in over their heads are reminded of their situations. Poor credit scores ensue from the bad payment history that accumulates at times like these. This in turn results in credit denial.

There comes a time when the wheel just stops. When your credit merit is worth less than the paper it's printed on; or the amount of debt you carry is higher than the cost of a luxury car; your chances to ever live life debt free again begin to wane. Especially if job cutbacks and pay reductions become part of the picture.

Consider the fact that the only way to legally change bad credit is to find a better paying job to pay off those credit accounts.

However, this is a catch 22 solution that can have a frustrating and disheartening outcome. Nowadays employers consider credit report histories as a contingency for hire. This means that while your credit score is poor, the possibility of finding a higher salaried job to pay off your debt becomes less likely since employers will only hire people with good credit ratings. The center does not hold. Now what do you do?

Many people with bad credit look for alternatives such as credit consolidation or credit cards for bad credit as a solution. While this may seem like a good idea, the truth is having a credit card with bad credit can make matters worse, if you don't know what you're doing. This is especially true if you do not have the proper guidance on what types of credit cards are good for people with bad credit. There is little improvement in the situation without implementing preventitive methods to avoid getting deeper into debt. Transfer of debt does not eliminate the basic problem.

One of the advantages of the current economy is the competition that has ensued among credit card companies. These lenders want to gain more business by lowering approval requirements so people with bad credit can accomplish a transfer more easily. Using this opportunity to repair a poor credit rating is simple. The important thing to consider is the bottom line. How will payment amounts, payment due dates, interest rate and potential fees and penalties work to the advantage of the consumer?

There are a number of good credit cards to fix bad credit and even show an improvement in credit scoring in just 3 months. Let's take a look at different credit cards available to people with poor credit scores.

Bank Account Credit Cards - Typically banking institutions can approve credit cards and limits with an excellent APR interest rate even if the credit score and payment history is poor. That is of course when there is a direct deposit of income on a monthly basis; when the Checking and Savings accounts are active and in good standing; and when the member is able to keep a minimum of $200 dollars in both accounts. This will increase the chances of credit cards being approved based on collateral.

Secured Credit Cards - Much like a bank credit card issued based on checking or savings account holdings; secured credit card lenders are private and can use collateral of any type including propergy, a saving account or other annuities when approving a credit card with bad credit. And because of the secured collateral, APR interest rates can be much lower and the payment terms more reasonable. In some cases they become negotiable.

Unsecured Credit Card - These are the pre-approved credit card offers received at home and in emails. Across the board unsecured credit cards charge very high interest rates generally but they're even higher for people with bad credit. So if you have bad credit you should expect higher interest rates than someone with good or excellent credit.
  • When applying for an unsecured credit card, be careful to review the monthly, annual or other fees associated with that specific credit card. These fees can accumulate to extreme amounts that will get you into even more financial trouble over time. In this case being picky and shopping around for better rates and lower fees is an asset. When in doubt don't flip your debt to a new card.
  • Most people reverse the effects of rebuilding their credit using an unsecured credit card by failing to pay off the monthly balance faster. The comfort of paying the minimum monthly rate is much easier for most people to maintain, however, credit card companies make more money this way because of the high interest rate associated with the extended payment schedule.
Paying over the minimum amount on your current cards when possible will keep your monthly account balance to a minimum, which is cheaper in the long run, builds credit faster and improves the chances of receiving increased credit limits and/or lower interest rates.

No matter what type of credit card for bad credit you choose, always make sure that you make your payments on time and it's best to make a larger payment than required whenever possible. So long as you maintain good credit card standings with any debt or expenses that are reported to all three credit reporting agencies,you will see an improvement in your credit rating. Then hopefully, seeking and finding good credit cards for poor credit will become a thing of the past.

Credit Cards For Really Bad Credit

A new card designed to give people with bad credit history a new chance at again owning plastic has been created. These credits cards are called Bad Credit Credit Cards.

Basically, what the individual has to do is open an account with the credit card supplier and maintain some cash balance in the account. They then will be issued a card with between 50 to 100 per cent of their account balance as credit limit. This is also known as secured credit cards, obviously because the card companies are given securities in the way of the cash in the bank account that they are holding for the cardholders.

The Poor Credit Credit Card acts more like a debit card because the purchases are directly debited to the cash account of the cardholder and less of a card that provides credit because no actual credit was extended to the cardholder. With this system is it is hoped that the cardholder will again learn to control their spending habits.

The things to consider when deciding on which Bad Credit Credit Card to get are the following:

* The required minimum balance that you have to maintain in the bank account.
* The credit limit you are allowed on your card. Look for the higher percentage on your maintaining balance.
* The fees or charges incident to acquiring the card. The less charges, the less expensive for you.
* The rate of interest they apply to your bank balance. The higher interest will give you more return for your cash balance.

The bad credit credit cards are really very beneficial to people who feel that they can again, responsibly hold a credit card. These cards will give them the start that they need to slowly build a better credit reputation.

Go to www.getacreditcardrightnow.blogspot.com to get a credit card right now, regardless of your credit history

Wednesday, March 7, 2012

Credit Cards For People With Bad Credit Rating

As many as one in four people face problems applying for a credit card and it is not just the poor who can find lenders less than willing to help.

Anyone who has had credit problems in the past will find their options severely limited. Others might never have had credit before, but that in itself can provide a barrier to obtaining credit.

Fortunately there are a small number of credit card providers who won't automatically reject you because of past financial difficulties. Through this site you can see which credit cards are aimed at people with a bad credit rating.

When assessing a persons application for credit, lenders look at two areas: the persons credit history and their credit score. A bad credit history will certainly amount to a low or poor credit rating, but a clean credit history, or none at all, is no guarantee of a good credit score either.

Since the economic downturn, lenders have become far more selective and are examining all aspects of an applicant's credit history in greater detail. As a result, more and more people have experienced the frustration of being rejected or turned down for a credit card. Even a minor discrepancy in an otherwise immaculate borrowing record significantly increases the chances of rejection.

Blacklist Myth

Whether you'll be accepted for a credit card will depend solely on whether the lender deems you to be too risky a prospect. Some lenders might say 'yes' to you while others might say 'no'. There is certainly no list of people who shouldn't be granted a credit card. Lenders will examine your credit file through a credit reference agency. The information contained on your credit report combined with the details you provide on the application will enable the lender to determine a credit score for you and this is what is used to identify the risk in offering you credit.

There is no single credit score for each person as each company has its own rules, placing differing levels of emphasis on particular pieces of information.

Bankruptcy, CCJs, Defaults, Arrears

Few lenders will consider credit card applications from undischarged bankrupts, and being declared bankrupt in the past will be a major obstacle. Serious problems such as county court judgements (CCJ), bankruptcy or defaults on a loan will stay on file for six years; bankruptcies and CCJs are a matter of public record, with details held by the courts.

Less serious, but still problematic is a history of missing payments on a personal loan, credit card or a mortgage. Mortgage arrears are given particular weight by lenders. A default - where a lender has effectively given up chasing repayments - is also extremely serious. Anyone in this situation will find it hard to procure further credit.

One or two late payments on a credit card might not be a problem. Typically, lenders will only contact credit reference agencies once an account has been in the red for some time, so being a day or two late with a monthly payment should not create a black mark. Lenders, though, are looking for habitual late payment which suggests the borrower is struggling to cope.

Multiple Applications For Credit

Multiple applications for credit, successful or not, can be an issue. Each time someone applies for a card, personal loan or a store card, a credit search is undertaken by the lender. Each search leaves a "footprint" on the individual's credit reference file. This is not necessarily a problem, but too many footprints can trigger warning bells for lenders.
Higher interest rates with a poor credit history

A poor credit rating is likely to cost you money as your status will preclude you from access to the best credit card deals which are usually reserved only for people with an impeccable credit profile. People with a poor score or a blemished credit record, will be charged higher rates to compensate lenders for the increased risk they pose.

Credit Cards With Poor Credit Rating

The good news is some issuers in the UK offer a flexible assessment process which allows them to consider all applications fairly whatever the credit history of the applicant. Ultimately, the likelihood of being able to get a credit card depends on your own individual circumstances and whether the lender perceives you to be too greater risk.

Capital One's Classic Visa Card is aimed at people with a bad credit history who might have been refused a card in the the past. The card is aimed at helping people strengthen and rebuild their credit history. The card offers credit of between £200 and £1,500, with no annual fee. The initial annual percentage rate (APR) is high, but may be reduced once you build up a steady payment record.

There are only a small number of lenders willing to accept individuals with past credit problems, with just a few credit cards for people with poor credit available in the UK.

Improve Your Credit Rating

Although the so called 'bad credit credit cards' come with the drawback of high interest rates, providing you clear balances regularly and avoid falling in to the trap of missing payments and thereby compounding your situation, opening a credit card account can help you build, rehabilitate or repair your credit rating. It takes a while for your new credit history to gain momentum, but in due course, sensibly using a credit card will help boost your standing with lenders, making you appear more reliable and creditworthy.

For more information please visit www.creditcards4badcredit.co.uk

Guaranteed Credit Cards For Bad Credit

Guaranteed Credit Cards For Bad Credit

Have bad credit? Credit cards, guaranteed approval, where you do not need a high FICO score, can provide you financing. Apply for guaranteed approval credit cards, with bad credit, where you are not penalized for your history but, instead, given a second chance.

Bad Credit Hurts

With a foreclosure or bankruptcy you can quickly find your financing opportunities for loans and credit card offers drying up. Unsecured loans and credit lines can become increasingly difficult to get approved, and traditional banks will commonly turn you away from financing. Attaining mortgages and car loans can seem to be completely out of the question.

Credit Cards Simplify Life

Credit cards however, have become a way of life for many Americans. They are required for purchases online, and used as security for car rentals and other common services. Using cards guarantees acceptance in many locations and provide a financial convenience that we have come to expect.

Guaranteed Approvals - Bad Credit Ok

Luckily there are credit programs available that do not punish you for any financial hardships in your past. A credit card with guaranteed approval is able to ignore your FICO score and instead will take on high risk individuals and provide you a credit line, securing their investment by other means.

Typically guaranteed approval credit cards come with higher interest rates, to secure their investment, but sometimes the easy approvals they provide make it well worth while. Commonly these card lenders will offer borrowers secured or unsecured lines of credit. Unsecured credit is typically more difficult to qualify for so read your agreement carefully and be sure to fully understand the terms of your new card.

These cards for bad credit are not intended to be a long term solution for your financial needs. Instead, use them to reestablish your credit reputation, improving your credit score, and then apply for better programs when you qualify for more stringent lower interest credit cards.

Check out www.reallybadcreditoffers.com fore more information how to get approved regardless of your credit history for Credit Cards for Bad Credit and find financing top credit options for fast approvals.

Pre Approved Credit Cards For Bad Credit

Understanding Pre Approved Credit Card Offers

Pre-approved credit card offers are quite tempting. Most try to lure consumers in with extremely low interest rates. In some cases, there is no rate at all. This is known as the 0% APR offer. For some situations, such an offer can get a person's credit back on track; for others it could lead them to financial ruin. To determine which side you are on, there are a few things you need to think about.

First, you need to evaluate your credit score. Pre-approved credit card offers are sent to two parties: those who have a good financial history, and those who are struggling. The latter often centers on people with bad credit or individuals who just filed for bankruptcy.

If you fit into either category, you may not get approved for the interest rate being advertised. This is because legally credit card companies are not obligated to a particular set of terms when sending out pre-approval offers. The deal presented through your mailing may not be what you end up with.

This leads to a second element of concern. If you have bad credit, you must weigh the risks of applying for a pre-approval offer. In addition to possibly getting a higher interest rate, you may suffer a lower credit score due to the inquiry process. For those who are trying to re-establish their credit history, these risks may be worth it. However, if you are trying to buy a house, the lowered score may hinder your mortgage application.

Finally, whether you have good credit or not, you must think about how you are going to use your credit card. If you got approved at 0% APR, now is the time to transfer your highest balance and make as many payments as you can to remove it from your financial history. It is best to do this before the introductory APR ends, so you do not get charged interest. Do this enough times and you will eliminate your debt while still establishing credit. This will help offset any negative effects your credit experienced during the inquiry process.

In conclusion, pre-approved credit card offers can be helpful for the right situation. For those who get 0 percent interest, these cards present an opportunity to pay off debt without incurring more fees. In other cases, such offers do not provide anything special. Still, for those recovering from bankruptcy, such cards still give them a chance to clean up their financial history. In either case, make sure you carefully read the terms and conditions before committing yourself to any offer.

Are you interested in balance transfer credit cards and other special offers? visit www.bestcreditquote.com for information you need for successful credit card applications.

Free Credit Cards For Bad Credit

How to Get a Free Credit Card With Bad Credit

Bad credit limits your options when shopping for a new credit card. Although you may need a credit card to make online purchases, hotel reservations or just in case of an emergency, your poor credit score may place free credit cards out of your reach. Secured credit cards are often the only option for individuals with bad credit and these credit cards require a cash deposit. If you cannot afford to make a cash deposit on a secured credit card, you can get a credit card with no cash deposit and no annual fee through a process known as "piggybacking".
  1. Talk to friends and family members who have good credit. Ask if they are willing to add you on to their credit card accounts as an authorized user. Authorized users have all the benefits of a credit card account--including being able to build their credit score--without the responsibility of paying any fees that the card carries (See References 1).
  2. Ask your loved one to call his credit card company and request that the company add you on to his account as an authorized user.
  3. Fill out the necessary paperwork. Some credit card companies, such as Discover, do not require new authorized users to fill out paperwork before being added to a credit card account (See References 2). Some companies, however, do (See References 3). If the credit card company does not require a signature from you, you must still provide your loved one with your Social Security number before the company can add you to the account.
  4. Wait for your new credit card to arrive. Use your new free credit card to make purchases and reservations. Pay your loved one for the purchases that you make on his credit card so that he may then apply the payments to his account.
Note:
The primary card holder's payment history on the credit card will appear on your credit report as soon as you become an authorized user. This can improve your credit score and help you to eventually get a free credit card of your own.

The primary card holder is legally liable for any purchases that you make. If you run up a high credit card bill and fail to pay it, the credit card company may sue your loved one for the balance and ruin your relationship with your friend or relative.

Reference:
www.bankrate.com
www.discovercard.com
www.permittingservices.montgomerycountymd.gov

Thank you for reading and good luck.

Tuesday, March 6, 2012

Secured Credit Cards For People With Bad Credit

Sometimes, circumstances can cause a person's credit history to suffer. In the US, thousands of families had been affected by the recent economic recession in one way or another. Many employees found themselves out of work all of a sudden. Even those who enjoy a high position in the company were not exempted from being thrown out of their jobs.

If you presently have bad credit, don't lose hope. You can take positive action to improve your personal loan one step at a time. In this article, let's talk about how you can use a secured card for rebuilding bad credit.

Secured Credit Card for the Credit Challenged

A secured credit card is a type of card especially designed for people with bad credit. It is also referred to as a bad credit credit card. While standard credit are only offered to people with good score, secured credit cards give people a chance to open a card account and prove their account worthiness.

What makes it different from a standard credit card? A secured card requires the submission of security deposit. The amount of deposit depends on the card issuer and can range anywhere from $200 to $500 or higher.

The deposit will serve as a guarantee for upcoming charges. For this reason, the account holder's credit limit is determined by the amount of the security deposit. Some secured card issuers may provide a slightly higher or slightly lower credit line than the amount of the security deposit.

Let's say for instance that you submitted $300 in your deposit account. This means you can enjoy up to $300 of credit line, depending on your chosen secured card. Some issuers may provide you with $350 of limit while others may offer less than $300.

The purpose of the security deposit is to prevent defaults. Thus, it gives card issuers the assurance that in case the cardholder fails to pay debts on time, funds will be easily available to pay off past due charges.

Secured Credit Card for Credit Repair

How can you use a secured credit card for repairing bad credit? By keeping the account active and submitting your payments on time. If you will use your credit regularly and promptly pay off your charges, your record will show that you are capable of managing debt effectively.

Be sure to choose a secured card that will report your payments to the three major credit bureaus. In addition, see to it that your secured card has a reasonable rate of interest and minimal fees.

After a few months, you should be able to see improvement in your credit standing. Hence, it's a good idea to check your credit report after six months of using your secured credit card. Sometimes, you may need to work on improvement for up to 12 months or longer, depending on how bad your present credit score is. Even if you have an extremely low score, rest assured that you will be rewarded for your hard work.

About the Author:
Shelly Evans is a freelance writer and loan consultant. Visit www.badcreditresources.com, the website offers resources that specialize in providing bad credit personal loans and credit cards to people with bad credit.

Credit Card Debt and Home Equity Loan Scenario

When you pay your bills every month, you may be reminded of something that you'd rather forget: you have built up a large credit card debt. Every month you struggle to pay the minimums and don't like the fact that most of what you pay goes to satisfy the high credit card interest rate. You see that no matter how hard you try to economize, that stubborn credit card debt keeps draining your hard-earned income.

Is there a way to eliminate your credit card debt? If you own your own home, you may have thought about using your home as equity to pay off credit card debt. The logic seems attractive: if you can pay off a high-interest loan (your credit cards) with a low-interest loan (a home equity loan), you'll be able to save money and pay down your debt faster.

Do the Math

The logic sounds good, but you need to run the numbers. Let's start with your credit card(s). For simplicity we will combine all of your cards into one debt and one average interest rate.

Credit card debt:

You owe: $10,000
Interest rate (APR): 20%
What you can pay per month: $175
How long it will take you to pay off your credit card debt: 15 years (180 months)
Total you will pay: $31,500

Now let's say you can take out a home equity loan for $10,000. Here are some typical numbers. Based on your credit score, your interest rate may by higher or lower.

Home equity loan scenario:

You owe: $10,000
Interest rate (APR): 7%
Term: 15 years (180 months)
Monthly payments: $90
Total you will pay (not including fees): $16,200

It looks like an easy decision. By taking out a 15-year home equity loan for $10,000 and using the cash to pay off your credit cards, you cut your monthly payments almost in half.

If you pay off the home equity loan at the same rate that you have already been paying your credit card debt ($175 per month) you will pay off your home equity loan in only 70 months, or a bit less than six years. After six years you could take that same $175 per month and invest it at a 5% return. At the end of eight years (which is the end of your original 15-year home equity loan period) you will have over $24,000-almost double the amount you invested!

The Risks of a Home Equity Loan

The main thing to consider when shifting debt from credit cards to a home equity loan is that credit cards are unsecured loans, while home equity loans are secured by collateral - your home. You need to consider several risk factors:
  • Is your income secure? Do you have savings? What would happen if you lost your job or suffered a cut in income? If you default on your home equity loan, your lender could foreclose on your house. If you default on your credit card payments, the credit card company can make your life miserable by damaging your credit rating, initiating collection action, and calling you on the phone. But they cannot take your house.
  • How much equity is in your home? If your home is appraised at $250,000 and you are paying a first mortgage, check how much principal you owe. Let's say you've been paying for five years and you still owe the bank $200,000. The equity you have is $50,000. The bank calculates the loan-to-value ratio to determine how much it will lend you. If you have good credit, a bank may use an 80% LTV, which would be 80% of $55,000, or $40,000. This will be more than enough to cover your $10,000 credit card debt.
  • Don't forget to consider the bank's loan fees. If the difference between paying off your credit cards and paying off a home equity loan is slight, then add in the loan fees - they may tip the balance away from the home equity loan.

Credit Cards For Rebuilding Bad Credit

Credit Cards For Rebuilding Bad Credit

It is said, "Humanity is at the crossroads of the most serious economic and social crisis in modern history." There are many people who are overwhelmed by their mounting credit debts. They fall prey to companies that promise initial low cost balance transfers at an unfavorable long term interest rates while looking for a lower cost way of reducing their debt. Over the time, they find that their monthly payments end up only at paying off the interest accrued on the debt.

It is quite sure that financial problems will put you under difficulty and you may find hard keeping up with your financial responsibility. Your rating will be very low for many years. In such cases, it is difficult to get a it to repair your credit. But there are ways to get cards even if you have bad credit.

Applying for bad credit cards

People who have less than prime history have an opportunity to apply for bad credit. These cards are designed for such purposes and companies know that many people who have a bad credit rating still need credit cards. They entice their customers by offering these cards overlooking their history.

Credit cards for bad credit customers carry higher fees and interest rates when compared to other cards. And the line of credit offered will also be low. Nevertheless, you get an opportunity to build your credit again by repaying the debts promptly at the end of each month.

Getting a secured card

If your application for unsecured card is declined, you are still left with an option of getting a secured credit card by showing some of your assets as collateral security. This type helps you to improve your rating at the expense of extra fees.

Getting a prepaid card

This type is easy to get as it is issued against the amount of money deposited in your bank account. The prepaid card works more like a debit card because you can use your card only up to the amount of money you have deposited.

Thus, bad credit will not hold you back when it comes to credit card.

Chris is the writer of this article, visit www.granitecard.co.uk for more information on credit card for bad credit.

New Credit Cards For Bad Credit

How to Get New Credit Cards for Bad Credit Record Holders

Individuals who have had poor credit records in the past may find it hard to apply for new credit cards. Their credit card applications have a high probability of being rejected by most credit card companies. In the few occasions that they are approved, they will be given very high interest rates compared to regular cardholders, which is understandable considering their bad credit showing. However, despite these steep costs, many believe that credit cards for bad credit represent a fresh new start for delinquent cardholders.

There are quite a number of credit card companies that specifically target these delinquent cardholders who want to have a second chance of building their credit records. Even people who have filed for bankruptcy due to insurmountable debt can still rebuild their credit ranking if given the right chance. For many of these people, credit cards for bad credit provide the perfect opportunity to do this.

The main drawback of credit cards for bad credit is that these usually come with a fixed initial fee that is automatically charged to your card upon activation. The average fee charged by most companies on credit cards for bad credit is about $200. If your credit limit is a measly $300, this will leave you just a hundred bucks to spend until you have paid off the initial fee. This may sound too harsh but the credit cards for bad credit are only covering the risk involved with financing someone who has less than stellar credit history.

Different Companies Offer Different Plans

Regular credit cards can be availed of at practically any conventional bank. However, if you are applying for credit cards for bad credit, you need to go to financial agencies that specialize on this service. These agencies offer you the opportunity to redeem your financial standing while earning a nice profit themselves from the high fees that you will be paying them each month.

Oftentimes, the initial fee charged upon card activation serves as a sort of test to see how well you can pay your bills. If you are able to pay off this fee right away, your limit might be increased sooner than you expected. However, don't expect to get a lower interest for your good behavior as this is not a usual practice among lending agencies.

What you can do is keep making responsible payments on your card and eventually, your overall credit score might increase enough to qualify your for a regular credit card. With these credit cards for bad credit, you will be able to negotiate for lower interest rates as well as higher limits. Just make sure that you donĂ­t repeat the mistakes you made in the past or you might just end up back to where you started.

Visit www.onapprovedcredit.com for more information about new credit cards for bad credit.

Easy Credit Cards To Get Approved For With Bad Credit

Have bad credit? Credit cards, guaranteed approval, where you do not need a high FICO score, can provide you financing. Apply for guaranteed approval credit cards, with bad credit, where you are not penalized for your history but, instead, given a second chance.

Bad Credit Hurts

With a foreclosure or bankruptcy you can quickly find your financing opportunities for loans and credit card offers drying up. Unsecured loans and credit lines can become increasingly difficult to get approved, and traditional banks will commonly turn you away from financing. Attaining mortgages and car loans can seem to be completely out of the question.

Credit Cards Simplify Life

Credit cards however, have become a way of life for many Americans. They are required for purchases online, and used as security for car rentals and other common services. Using cards guarantees acceptance in many locations and provide a financial convenience that we have come to expect.

Guaranteed Approvals - Bad Credit Ok

Luckily there are credit programs available that do not punish you for any financial hardships in your past. A credit card with guaranteed approval is able to ignore your FICO score and instead will take on high risk individuals and provide you a credit line, securing their investment by other means.

Typically guaranteed approval credit cards come with higher interest rates, to secure their investment, but sometimes the easy approvals they provide make it well worth while. Commonly these card lenders will offer borrowers secured or unsecured lines of credit. Unsecured credit is typically more difficult to qualify for so read your agreement carefully and be sure to fully understand the terms of your new card.

These cards for bad credit are not intended to be a long term solution for your financial needs. Instead, use them to reestablish your credit reputation, improving your credit score, and then apply for better programs when you qualify for more stringent lower interest credit cards.

For more information about credit cards for bad credit visit www.reallybadcreditoffers.com and find financing top credit options for fast approvals.

Monday, March 5, 2012

Department Store Credit Cards For Bad Credit

In case, you are in a bad credit crisis and you are not getting any credit card from any bank, you can simply go for the easiest department store credit card to get with bad credit for fulfilling your needs. You can go online to know how to get a department store credit card for bad credit.

If you are in a severe credit crisis and with that, the conditions of the banks are also not so good; it would be really difficult to get a credit card. It is quite probable that when your credit score drops somewhere below the excellent point, the banks would not show much interest to fund you. In that case, you have no other option other than begging money from family members as well as friends to buy necessary things for your daily life in case of your financial problems. However, it would be quite interesting for you to know that there are also other resources that can help you to come out of this crisis.

There is no need of asking for money to the private people dealing with money as well as ‘hard money lenders’ so as to get the money at bad credit time to buy daily goods like groceries and other things. There are some bad credit department store credit cards available in markets which are really helpful for you if you have bad credit history. You can use your bad credit department store credit card to buy goods anytime and you can save huge amounts of money with the card as lots of discounts are given every time you shop. Suppose you do not have enough money in your hand to buy some necessary products for your house but, you need those badly in a particular day. So, what to do? You can simply use your department store credit card to fulfill your needs.

There are several things that you need to look for when opting for easiest department store credit card to get with bad credit. As you have bad credit, the rules and regulations of your department store credit card might not be same like the normal department store credit card. It might differ with that one. So, try to choose the easiest department store credit card to get with bad credit available in market. You can do a market survey before choosing the perfect one and it might take time but if you don’t do this then you might get into serious trouble in future. There might be some hidden terms and conditions of some companies providing department store credit cards. So, you have to know everything before choosing one. A question that might come in everybody’s mind is how to get a department store credit card with bad credit? It is not difficult to look for easiest department store credit card to get with bad credit as there are lots of department stores who provide this type of credit cards. When you are visiting any department store, you can directly ask them if they have any easiest department store credit card to get with bad credit or you can search over internet to get the best one.

The department store credit cards are great in terms of offerings. You can get huge discount on the bill of department stores. There are some department store credit cards that are enabled with reward points. The reward points are added altogether and then you will get discount or freebies according to the points. The interest rate is the big matter for any easiest department store credit cards to get with bad credit. Always try to pay the bill of your credit card at right time every month to avoid the huge interest on the bill. If you do not pay the bill within due date then you might have to pay the interest rate which might be equal to the bill amount as the interest rate is quite higher than the interest rate of normal credit cards and it will let you in trouble in future.

If you are looking for easiest department store credit card to get with bad credit then here are few great options for you.

1. Macy’s Credit Card: Macy’s Credit card is great and one of the easiest department store credit card to get with bad credit and it has earned immense popularity in US. This card is popular for the varying start reward points.

2. Wal-Mart Credit Cards: Almost everybody is familiar with the name ‘Wal-Mart’ today. Wal-Mart offers easiest department store credit card to get with bad credit for people with bad credit and this card can be used in Wal-Mart or any other merchant establishment. The important thing of this credit card is you can get one percent discount of your purchases. There is another credit card offered by Wal-Mart which can be used only in Wal-Mart.

3. Sears Credit Cards: Sears credit cards are available in market in various types. So. choose anyone from them according to your need and this easiest department store credit card to get with bad credit can give you reward points which can be redeemed in future against discount or gifts. This card can be used in Sears or any other department stores in US.

4. Saks Fifth Avenue World Elite MasterCard: This is Master card and it can be used everywhere where master card is accepted. It can help you to earn reward points with every purchases and it gives additional six reward points per dollar spent in Saks Fifth Avenue stores.

5. Bloomingdale’s Credit Cards: This is another easiest department store credit card to get with bad credit from Bloomie’s.

6. Target RED Cards: If you are thinking of an easiest department store credit card to get with bad credit then it is one of the best options for you. You can get several facilities every time you shop with it. You can get 10% discount on a day’s shopping at any Target Store and 1000 points are accumulated with each.

If you are worried about how to get a department store credit card with bad credit then the steps to look for easiest department store credit card to get with bad credit are very simple. All you need to do is choose the easiest department store credit card to get with bad credit and then produce the documents required for the credit card like income proof, address proof, etc. and if you produce the documents at the right time then you will get the cards in your hand within a shorter period of time.

Visit www.departmentstorecreditcards.us for more information about department store credit cards for bad credit.

Thank you for reading.

Credit Cards For Bad Credit Scores

I can still remember seven years ago when I applied for an American Express card online. It took more than one month for me to get approved. Nowadays it's a lot different. With instant approval, you usually receive notice via email of your acceptance within seconds of completing an online card application. If you have a good to excellent credit record you can even get an easy approval credit card with guaranteed 10,000 limit or an easy instant approval student card, but what happens if have a bad credit score? Are you doomed to pay all your purchases in cash? Certainly not so don't despair.

The first alternative for people with bad credit score is to get a "secure card." There are some major card issuers which requires applicants to make a deposit or what we call "secure cards." If you have a bad paying history, the most logical thing to do is save a little money to be used later on to "pre pay" a card. A secure card is a no credit card because the amount you can charge against the card is determined by the amount of your deposit. If you deposit, for example, $5,000, then you can charge up to $5,000 only. Hence, there is no actual "credit" being extended. Typically, these cards are marketed as no credit credit cards because of the fast, easy instant card approval.

The second alternative is to search for a "bad credit credit plastic" and find an easy approval unsecured credit, but they should try to resolve their bad credit issues and prevent further damage to their credit score.

While there are plenty of bad credit credit plastic choices available, they can do more harm than good if not used wisely. This is one way for a consumer to repair his damaged reputation by making up to date payments on his bad card and eventually upgrading to the real credit card in the future. And also a bad card charges a higher interest rate because of the increased risk to the issuer.

The third option is to apply for a debit card. Debit cards are cards that can be used depending on how much money the user transfers to the specific card. Consequently, the risk of running up credit card debt is nil. There are also no finance charges to contend with, only minimal fees for application, start-up and ATM card.

Credit cards for bad credit score
were designed to rebuild credit that had been damaged. For those with no credit or poor credit there are secured credit cards, bad credit credit cards and debit cards but there are also unsecured cards that can be used for this purpose. These cards generally come with low credit lines (around $300) and additional fees. This kind of card will not allow you to on shopping sprees but it will certainly help you restore your damaged credit history. If you're disciplined and pay all your bills on time you can ask for a credit increase after a while with an end goal of upgrading to an easy approval credit card with guaranteed 10,000 limit. Isn't that wonderful? But in the meantime let's concern ourselves with finding easy approval credit card applications with bad credit score.

Credit Cards For Very Bad Credit

Tips on Getting Credit Cards for Very Bad Credit

A lot of things in today’s world are pegged on your credit score. The three companies—Equifax, TransUnion and Experian come up with every individual’s credit ratings consistently, and these are taken as a parameter by the credit card companies when they have to issue a credit card to an applicant. In other words, if you have a good credit rating, your chances of getting a credit card improve. However, do you get a credit card if you have bad credit? It might be an uphill task, but it is not entirely impossible.

The first thing you have to remember here is that if your credit rating is low, you will have to end up paying a higher rate of interest on your credit card even if you get one. That fact is etched in stone. There is nothing like a low APR credit card for someone whose credit rating is bad. So, each month you will be making a significantly higher payment on your credit card than other people who have a good credit reputation. It might seem ironical, but that is the way it is.

Now, you may find some credit cards for people with bad credit rating online. Some of the new companies that have sprung up also offer instant credit cards for bad credit. You might want to check those out. Some of them might need some kind of security, like you might have to submit your professional details, etc. But, if you look harder, you might also find unsecured credit cards for bad credit quite easily. The best thing about these is instant approval. With this instant approval, you come to know within just a few minutes if you are eligible, and then you can decide whether you want to make a formal application.

One more way to go about it is to choose prepaid credit cards, also known as debit cards in some countries. Banks will willingly offer you prepaid credit cards, because here they have a great degree of security. You first deposit some money into your account and whenever you use the card for any transaction, the money is used from that account. You cannot go higher than the amount of money you have put into the account; so, that is a limitation with these cards. But, they are a nice way to improve your credit rating.

Speaking about improving your credit rating, that is actually what you should be striving for. Even if you get a credit card, you should ensure that you manage them well, make their payments in a timely manner, because that improves your standing. Six months down the line, you will find that you are in a better financial position and that your credit rating has improved than when you started out.

When your credit rating improves, you might plan on switching over to another card, with a bigger limit and a lower interest rate, and transfer your balances to it. Since your chances of getting better credit cards will have improved now, this becomes a possibility. Just keep in mind to choose a card that has a low balance transfer rate so that you are not much affected when you are transferring your balance to your new card.

So, finding a credit card for bad credit rating is possible. It is all about proper management, and in about a year, your situation will have considerably improved than what it is today.

Credit card tip from www.credit-card-application.org.uk :
"Always read the terms & conditions carefully before you apply for any credit card. Applying for multiply credit cards at the same time may negatively affect your credit rating."

High Limit Credit Cards For Bad Credit

$10,000 High Limit Credit Cards For Bad Credit

The recent financial crunch has caused many would be credit issuers to tighten up on approvals for those consumer applicants with less than perfect credit. Even new credit seekers who do not have poor FICO scores, but also have not had the opportunity to establish a good credit profile as of yet are being turned away and treated as high risk applicants.

The problem for people who fall into either of these categories is that they have a legitimate need to either establish or re-establish their good credit profile and raise their FICO score, however without easy access to credit card approvals their ability to accomplish this necessary task is extremely difficult. Ironically, it's these same card issuers who would like their applicants to have established solid credit histories who will not approve them in the beginning to help them prove that they are worthy of a new card approval. This vicious credit circle affects over half of the households in American today.

A few companies have recently stepped in to fill the credit needs of this growing consumer segment and offer instant online approval credit cards for people with bad credit or no credit history at all. These credit providers will typically issue new credit cards without a credit check and regardless of the applicants past or present credit history. Some of these cards are issued as major brand logo credit cards, prepaid debit cards, secured credit cards and online catalog shopping cards which allow the card holder to purchase household and gift items from the credit grantors web based store.

One such card offered with no credit check is a new Platinum Card that boasts a huge beginning limit of $10,000 for all of its approved applicants, even those with poor credit or no history at all. As long as the applicant is at least 18 years of age and has a valid U.S. checking or savings account, the applicant will be approved. The Platinum Card also features 0 % interest on any unpaid balance and there is no employment verification required for approval. The card does require a minimal initial membership fee, however once the new member is approved, the card issues each user a whopping $2,500 bonus to use towards unpaid balances in addition to the generous starting limit of $10,000.

For consumers who are having trouble getting approved for a traditional credit card with strict income and employment requirements, this particular card for people with bad credit may be a valuable option to acquire a high limit credit card with no credit checks or employment verification.

About the author:
Christian T. Rogers has been working in and writing for the sub-prime financial market for the past 12 years. He has been featured in Entrepreneur Magazine and has been a consultant for Fortune 500 companies specializing in the sub-prime financial markets. You can find out more about the credit card at www.oaksconsumercredit.com

Thank you for reading and good luck.

Sunday, March 4, 2012

Gas Credit Cards For Bad Credit

Gas Credit Cards For Bad Credit

Gas credit cards offer rewards to their clients just like other credit cards do. The lending institutions realize that most consumers are looking to the possibility of getting more gas for their money and that is why the credit card lets them build up points that they can use toward their gasoline purchases. This is a great idea and most customers like it but to make the rewards even more tempting a lot of the oil companies want the customers to be able to use their reward points towards the purchases of other items while they are shopping at the station

The idea behind rewards is to give the customer something back for using their gas credit card on gasoline purchases. The service station makes more sales, the oil refineries can keep the prices a little higher and the lending institutions are making money from the credit they are extending so it stands to reason that the consumer should not be left out of the loop. The consumer is the one who is actually making the profit for everyone with a gas credit card. The consumer is also getting the benefits of having buying power without cash up front. Still the consumer feels that they should be able to get some rewards for their line of credit. That is why the gas credit card reward system is now including other things like oil, transmission fluids, batteries, spark plugs, oil changes and smaller vehicle parts. In some cases since the service stations often provide food products the card can be used to buy these items as well.

About the author: Tom Tessin is an author for www.findgascards.com that is geared toward people looking to save on gas with gas credit cards

Business Credit Cards For Bad Credit

Business credit cards for bad credit will help to restore credit score for the future if you always pay on time until all clearance.

Getting business credit cards for bad credit will not help anything about credit history, the time will show your credit history only on-time paying and how long you take you done with that loan.

Benefits:

Easy payment and run business

Credit payment is the most easily pay to pay for shopping online or at local store for your business. If you are bad credit history and still want credit card then apply for it. However, you may need to do some own deposit to your credit card balance and there are small fees on that.

Good business image

Your credit card will not label as bad credit attached so you will look good in business eyes.

Help rebuild credit history

This type of credit card allows you use some extra amount beside your deposit balance, and you use that part. You always paying on time with full amount then it will rebuild your credit score.

How to apply business credit cards for bad credit:

1. Online credit card and prepaid debit card for bad credit people

You can simply search the service online, do some compare and apply one that you most suitable of.

Here are recommend service in case you are lazy to search

Capital One® Secured MasterCard® Credit Card

You need to pay $29 for annual fee. Require minimum deposit of $49 and it can refund. Deposit more to increase your line.

Find where to apply credit card with easy step, take a look at website for more details.

2. Secure credit card from national issuer

You can apply at the most local bank, it offers credit depends on how much your deposit and it will increase amount after 6 months. All repots will send to the credit bureau’s every month. It mean that your will get good credit if you pay on time and it will help with this new credit.

3. Get credit by using saving account as collateral

It is not normal way to get your credit card but it is possible, you just need t consult with local bank. If they accept, it will consider as normal loans and it will consider 50% of your balance on saving account as credit card balance.

Getting business credit cards for bad credit is a must if you want to run business smoothly after big storm pass and you need to rebuild your company image.

Retail Credit Cards For Bad Credit

Retail Credit Cards For Bad Credit

Bad credit blocks you from opening new accounts because lenders who see a negative past history are afraid you will continue your bad financial management. Retail store credit cards give you a way to prove that you are serious about rebuilding a good credit rating. These accounts work like regular credit cards so you can demonstrate that you will use credit responsibly despite your past issues.

Definition

Retail store credit cards are revolving credit accounts good for use only at a particular store, chain or brand of retailers. You get a specific credit line to spend at the designated stores and access it with a credit card. You can buy whatever you want at those particular stores until you reach the credit limit. You must pay at least a minimum amount every month, which is noted on your statement, but you can pay more. You do not pay interest if you send the full amount owed every month by the due date.

Requirements

The requirements for getting a retail store credit card are similar to those for major credit cards like American Express, Visa, MasterCard and Discover, but stores often have lower credit rating thresholds than the major card brands, according to the Bankrate financial website. People with past financial problems like past-due accounts, or even bankruptcy, often qualify for retail cards even if they cannot get branded accounts like MasterCard or Visa.

Benefits

People with bad credit rebuild it by using retail store cards regularly and responsibly. The Fair Isaac scoring company advises that your score is most strongly affected by your payment dates and how much you owe on open accounts. Your score rises if you make small purchases on your retail store credit card and either pay them in full monthly or spread out a string of on-time payments. Eventually, this qualifies you for major brand accounts.

Drawbacks

Retail store credit cards often give low credit limits and charge higher interest rates than regular branded cards, according to Bankrate. Some accounts do not help people with bad credit because the issuers do not report activity to the Experian, TransUnion and Equifax credit bureaus. On-time payments have no effect on your credit rating if they never appear on your credit reports. Do not apply for a retail card without asking whether the bureaus get notified of your activity.

Considerations

Retail store credit cards are helpful if you have bad credit, and they also let you establish a history if you are new to credit use, according to Bankrate writer Leslie McFadden. Of your credit score, 15 percent is affected by the amount of time you have used credit, so retail accounts let you create a track record for a year or two before you apply for major cards.

Thank you for reading and good luck!

No Annual Fee Credit Cards For Bad Credit

There is a growing trend in the credit card industry now with the introduction of offerings with no fees attached. More persons are realizing the benefits and are opting for these no annual fee credit cards.

It is quite hard to get a credit card when the applicant has had a poor credit card history. This can be harder with no annual fee credit cards. However it is still possible.

People with a bad credit history tend to have a hard time when looking for a credit card. This is because credit card providers take a close interest in a person’s credit history as they have found over time that the sort of people who have defaulted on credit in the past are the most likely to default on credit in the future. Defaulting on credit cards is one of the greatest costs of credit card providers, partly through the loss of the money that has been leant out and partly because the credit card provider has a large number of administrative costs when a person starts to go into default and when they try to get the debt recovered.

There are a number of credit cards that do allow people with bad credit to get a credit card, but these tend to be providers who charge a considerable amount more than other credit card providers. In some cases these specialist providers are actually large financial providers, but who are using a different name for the higher interest rates that the sub prime lenders tend to use.

There are very few specialist credit cards that are available for people with bad credit that have no annual fee.

For many people with a poor credit history, but not a terrible credit history, there are standard credit cards that will be available. This can change according to the credit environment. When there is a lot of credit that is being loaned by the banks then the cards will be more readily available to people with poorer credit.

It is possible to get no annual fee credit cards when a person has a standard credit card. No annual fee credit cards are more likely than some other standard credit cards to refuse people with a questionable credit history as these credit cards keep their costs under control by screening out people with poor credit risks.

The best long term strategy is to repair credit history. This can be done by taking small debts and paying them back consistently, on time and in full. This will establish the sort of pattern that lenders like to see, which is the consistent paying back of debt.

Related Posts