Credit cards for bad bad credit - PowerPoint PPT Presentation

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Credit cards for bad bad credit

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How to build you credit report by having a credit card – PowerPoint PPT presentation

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Title: Credit cards for bad bad credit


1
  • Credit cards for bad bad credit
  • Published by
  • http//www.freecreditrepairinfo.com/

2
  • Do credit cards exist for poor credit? The
    reaction is yes. You could get "bad credit" if
    you have been more than 30 days late on lease,
    debit card, or lease fees, if you have
    outstanding medical expenses, or if you have
    court rulings against you such as child custody
    or other litigation. There are those of us who in
    the last 12-24 months have been struggling to
    keep up with our monthly expenses and have
    dropped behind.
  • You may assume there are no alternatives to poor
    credit or credit cards. It's not real. In this
    era of technology in which we reside, access to a
    credit card is almost necessary. This the desire
    for buyers to buy credit cards generates the need
    for poor credit for more and more credit
    cards.Have a look at Credit cards for bad bad
    credit to get more info on this.

3
  • There are three forms of credit cards for
    individuals with poor credit that are available.
    A prepaid credit card is considered the first
    form. You get just what you put in for a prepaid
    card, out of it. You deposit a certain sum of
    money into an account equivalent to a savings
    account and this is your spending cap. You will
    "recharge" it by depositing additional money into
    your account until your prepaid credit card
    balance hits 0. For budgeting, internet
    payments, for those who do not obtain a
    traditional checking account, prepaid cards are
    perfect. Regardless of the credit report,
    clearance is generally assured and there is no
    need to negotiate with the credit bureaus. If you
    wish to learn more about this, visit Credit cards
    for bad credit no deposit.

4
  • A protected credit card is the second form of
    card you can get. You deposit a cash sum into an
    interest-bearing bank account using a protected
    visa. Your leverage becomes this number. A card
    and a line of credit for the balance of your
    deposit are subsequently given to you. Your
    credit balance reduces as you make transactions,
    monthly contributions are computed, and you are
    given a charge. Much as a standard credit card, a
    monthly charge is required whenever you make
    transactions. Secured cards are perfect because
    they operate like normal credit cards, enabling
    you to book travel plans that do not allow
    prepaid or debit cards, such as hotels and rental
    vehicles.
  • Like prepaid cards, regardless of the credit
    report, clearance is typically assured. Often
    secured card issuers record fees to credit
    bureaus, unlike prepaid cards. By showing timely
    payments, this can be a perfect way to build or
    re-establish your creditworthiness. Many secured
    card issuers will raise the credit balance
    without making an extra deposit following
    multiple consecutive timely payments.

5
  • An unsecured credit card is the third choice.
    This is a basic payment card that does not
    require a fee, and it takes into account the
    credit score. The cap on an unsecured loan will
    be smaller than an individual with good credit if
    you have poor credit, and you will be exposed to
    marginally higher interest rates and/or
    penalties, although the benefit is that you won't
    have to make some sort of investment up front.
    Several unsecured poor credit credit cards come
    with up to 1000 credit limits. Since most
    unsecured card issuers disclose the expenses to
    the credit bureaus, making minor transactions and
    timely monthly payments will help you
    re-establish creditworthiness. Do you want to
    learn more? Visit unsecured credit cards for bad
    credit. .
  • Summary
  • How to build you credit report by having a credit
    card
  • Visit this site to learn more
  • http//www.freecreditrepairinfo.com/
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