Credit history changes with your payment frequency, a regular one keeps it steady, and erratic payment behaviour severely damages your credit score history. Credit card is your history keeper. A bad or poor credit makes it difficult to get a credit card, as no ones lends to a person with a bad credit. A Credit card issuer lends money and does not subtract from an account, nor does it expect monthly bills to be cleared in full. Hence getting a credit card is not easy, but doesn’t mean you can’t have one, there are many out there!
To begin with, check out the updated status of your credit score from any three reputed agencies, access them on the free online websites, try matching at least three reports, must be more or less similar, for you would never know which ones the credit card company might refer to verify your score. Choose to go for the one with a small credit limit, it is manageably good! Credit card is best to obtain credit and gradually rebuild on the good credit record. Set on a credit limit, the monthly repayment installments, best is to pay off all the credit used, that way you save money on interests and fees.
The scores are rated according to their status, ranging from poor, fair to excellent. The rating could differ from agency to agency, Good or fair, fair or poor see it on an aggregate basis! With the rating in mind you are ready for a decision, search websites for the best deal. The credit card companies refer to your credit scores prior to approval, talk to a couple of card companies to get a feedback on your case. Have multiple opinions based on the findings, compare the rates, and settle for the best deal. Good credit history attracts more credit options, purchasing power and savings. Look for lower rates as they will greatly influence your monthly payments, low rates will save you lots of money. Applying for loans needs a good credit score, as lenders favour borrowers with good credit history-regular payments, minimum debts. If your credit report fails to meet a criteria of one prime lender find another, one who fits your bill!
If you are unable to find a credit card matching your rate expectations, next option is to apply for a short-term loan. High interest rate never proves costly, it the duration of payments- longer it takes to pay off, higher the interest you pay. The credit card company makes an extra buck on the interest on unpaid payments, late fees and penalties. Save thousands on a short-term loan by making paying off on time, a low rate short-term loan offer is the best. The best policy is to payoff in time, or your well deserving money will be pocketed by the card company. You got to use time to your advantage- increase your saving and decrease you payment.
Make history your friend, you may need it tomorrow!
*See the online application for details about terms and conditions Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. When you click on the offer you desire you will have an opportunity to review the credit card terms and conditions on the credit card issuer's web site.