Things to Avoid when Shopping for Credit Cards

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Things to Avoid when Shopping for Credit Cards
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• In this post, well talk about things consumers,
  especially those who wish to get bad
  credit-credit cards, should steer clear from as
  they shop around and compare various lines of
  credit.

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• 4 Things You SHOULD Avoid

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Card programs with extremely high interest rates
and very strict payment terms.

• There are card companies today that take
  advantage of consumers with low credit scores.
  They often sell the idea that no card issuer will
  be interested to extend lines of credit to card
  applicants with bad credit standing. In so doing,
  they can easily convince consumers to sign up for
  the card programs they offer, which carry
  extremely high rates of interest and fees and
  stringent payment arrangements.

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• To avoid such companies, you should remember that
  there are many firms today which are more than
  willing to help credit consumers with less than
  perfect credit standing. In fact, more and more
  credit organizations today are starting to open
  their doors to card applicants with both good and
  not-so-good credit scores. And by diligently
  searching for these organizations, you can
  improve your chances of finding a line of credit
  that will perfectly suit your needs and
  preferences, and one that wont be too burdensome
  to your pocket.

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Bad credit-credit cards with suspiciously good
features.

• Have you come across with a online store credit
  cards guaranteed approval that has an incredibly
  low rate of interest, a suspiciously flexible
  payment term, and one that does not charge annual
  and other transaction-related fees? If you have
  then, resolve NOT to sign up for that card
  program.
• Keep in mind that scam artists often use credit
  cards with too-good-to-be-true features to
  attract and eventually rip off card applicants.
  So, to minimize your risk of becoming a victim to
  the schemes and illegal activities of fraudsters,
  you should always watch out and steer clear from
  credit cards for bad credit that carry very
  appealing rates and terms.

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Credit card companies that are not accredited by
the federal or state government.

• Always remember that firms which lack
  accreditation from the federal or state
  government usually get involved in illegal
  activities. In fact, a lot of consumers today can
  attest to the fact that dealing with
  newly-established firms and those with no
  affiliations with the state or federal government
  will only push you down into the traps set by con
  artists.
• So, before striking a credit deal with your
  target issuer, find time to run a background
  check on the firm you wish to do business with.
  Research on its history, track record in terms of
  providing online store credit cards guaranteed
  approval to consumers, its working relationship
  with its past and current cardholders and of
  course the governmentissued permits and licenses
  that the company has. By doing so, you can be
  sure to get a line of credit ONLY from a
  legitimate and credible source.

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Issuers of unsecured credit cards that dont ask
for any requirements.

• It is quite rare for card issuers to offer
  unsecured lines of credit to consumers with bad
  credit. However, in case you stumble upon an
  issuer whos willing to give you what you need,
  make sure that you inquire about the eligibility
  requirements imposed on the program being offered
  to you. If the bad credit-credit card carries a
  low interest rate and the issuer guarantees that
  it wont run a credit check on you then, it might
  be best to decline the offer and to look for a
  card program with more realistic requirements.
  That way, you can avoid getting into serious
  trouble.