Store Credit Cards For Bad Credit [mortgageloans-protection.blogspot.com]
creditcardsforbadcreditnotbadpeople.com (Part 1) This presentation will cover what I went through and how bad my credit was and what the best credit cards for bad credit that I found that approved me. View Credit cards for bad credit video part 1 here youtu.be View Credit cards for bad credit video part 2 here youtu.be Just a few short years ago I had great credit, I was running a real estate business and I had over 10 mortgages on my credit one of which was in my name. I had two auto loans for the two trucks that my wife and I drove. We had several credit cards with high limits; one of the credit cards was an Amex. This American express had no limit, you could run it up as high as you wanted each month but you had to pay it off the next month. My credit was so good that I could get a signature loan from that bank with no problem...all I had to do was sign my name and they would give me thousands of dollars. BUT then things took a drastic turn for the worse. My real estate business went down and in the process so did the rest of my personal finances. My houses were foreclosed on even the home that I lived in, my wife and kids and I had to move in with family. My two cars were repossessed and all of my credit cards became delinquent. My credit was totally ruined! I filed bankruptcy and when it was all figured out the bankruptcy discharge was well over a million dollars. Here is the good news... most people reading this do not have credit this bad. As you read on that I was ...
mortgageloans-protection.blogspot.com Credit Cards For Bad Credit Part 1 The Best Unsecured, Secured Credit Cards online Instant Approval
Store credit cards for bad credit can be a great way of rebuilding your score, or even building it for the first time. These kinds of cards are developed by individual retail stores and are available to use on all purchases at that store. These kinds of cards can come with many benefits, especially when it comes to improving your credit score.
The fact is that it is a lot easier to get approved for a retail card that it is for a traditional credit card, usually because the balance is low and there is therefore less of a risk for the lender. Most work in the same way as a traditional credit cards, but some can only be used in the individual store. The second type are offered to people with bad credit and while this may seem inconvenient, it can be a temporary solution while you try to your credit rating.
Like any credit card, store credit cards will charge you interest when you miss your payments or don't pay off the full balance.
However, you should try to make all payments on time due to the fact that interest rates can be high. Paying on time will also prove you can manage your payments and will improve your score quickly.There are both disadvantages and benefits to store credit cards for bad credit. When you sign up, try to do so for a store you would shop at normally - but do not buy things you don't need simply because you have available credit. You may find that the card even comes with added benefits including discounts, rewards programs and specials offers. Your ultimate goal should always be, however, to make your payments on time and to build your score as soon as possible.
Suggest Store Credit Cards For Bad Credit Topics
