Selecting Bad Credit Credit Cards [mortgageloans-protection.blogspot.com]
www.creditcardsforbadcreditnotbadpeople.com In this video I tell how I found several Credit Cards for bad credit individuals like myself. Actually my credit was horrible not just bad. I had filed chapter 7 bankruptcy my real estate business was bankrupt I have over 10 homes foreclosed on! The idea that I was ever going to get a credit card with such bad credit was disheartening. I also had 2 cars repossessed, I felt like I had the worst credit on earth. When things were going good in my life and my credit was great I could get a signature loan in a heart beat, I had an American express card that had no limit as long as you paid it off the next month. After my bankruptcy, I didn't know how I was ever going to get credit again even a credit card. I thought that maybe with my credit repair back ground that I may be able to find a way to get a credit card. I looked into the market of secured credit cards... this is where y ou make a deposit to the credit card company for the amount of your limit. For example if the secured credit card had a limit of 0 then you would pay 0 to them and they would give you the credit card. You may be asking yourself what is the point of the credit card if you have to pay the amount of your limit. The reason is that if your credit is so bad that is all you can get after you use that credit card for 6 months keeping the payment current and not going over the limit then it is building your credit and repairing some of the damage. After 6months ...
mortgageloans-protection.blogspot.com Credit Cards For Bad Credit, How I was approved for several credit cards with bad credit and BK
What exactly do we mean by bad credit credit cards? These are the credit cards that are specially designed for people who have a bad credit and who wish to rebuild their credit reputation.
Introduction
There are a lot of banks of other bad credit credit cards issuers who boast of issuing these cards to help bad credit holders to improve their credit rating. However, many of these issuers are just fake players who are there in the market to take undue advantage of such people. So, before you select a issuer for your credit card for bad credit, make sure that you check its reputation without fail. Internet is the best place to find genuine issuers of credit cards for poor credit holders.
Secured or unsecured credit cards
One of the most important points is to select between secured and unsecured credit cards for bad credit holders.
Your income stability is one of the major factors that would help you to decide between these two types of credit cards. A secured credit card is issued on the basis of deposit that you have to make as a security. Unsecured credit cards do not require such securities but have comparatively higher charges and fee attached to them when compared to secured credit cards.Other points
Before you select a bad credit credit card for your use, make sure that you compare various types of such cards available in the market on the basis of APR, monthly or yearly financial charges, and provisions related to periodical extension of credit limits.
Also enquire whether or not your credit card issuer sends you monthly reports of your account. Check out if your issuing agency provides you with round-the-clock customer service. All this will help you to keep a track of your credit card account.A good credit card for bad credit agency helps you better to improve your credit image.
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