Tips To Consider When Selecting Guaranteed Approval Credit Cards

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Tips To Consider When Selecting
Guaranteed Approval Credit Cards

• BY www.newhorizon.org

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• If you are in bad credit situation, you may have
  a hard time trying to find a loan.

If you find a lender who will give you one, the
interest rate charges will be high.
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• Do not lose hope yet.
• You can improve your credit with guaranteed
  approval credit cards.

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• Typically, guaranteed approval credit cards are
  of two types
• Secured Credit Cards
• Catalog Credit Cards

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Secured credit cards

• You have to put down a security deposit on these
  accounts.
• As long as you are willing to pay the deposits,
  most organizations will accept you.
• Secured credit cards are flexible and also do not
  charge expensive fees.
• If you manage to pay your balances on time, they
  can last up to two years before they become
  unsecured.

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Catalogs That Offer Credit

• With these cards, you can buy items through the
  issuers catalog.
• Also, you can get a high credit limit.

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• Consider these tips when selecting a guaranteed
  approval credit card

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Monitor the fees.

• Guaranteed approval credit cards vary. Just
  because a company is offering instant approvals,
  it does not mean you should sign up with them.

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Rebuild your credit history with guaranteed
approval credit cards.

• You can re-establish your credit rating with
  these cards.
• For you to build your poor credit rating, ensure
  the card you pick reports to one of the three
  credit bureaus.

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Check that the card does not carry unreasonable
costs.

• It is nice to search for low-interest rates but
  try not to go for cards with exorbitant charges.

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Read your contract carefully before signing.

• Always read the terms and conditions. No matter
  how lengthy the document may seem, take your time
  to read it.

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• For more information about Guaranteed Approval
  Credit Cards visit
• www.newhorizon.org/credit-info/

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RESOURCES

• Catalog Credit Cards - https//www.newhorizon.org/
  Info/catalog-credit-cards.htm
• Secured Credit Cards - https//www.newhorizon.org/
  Info/securedcc.htm