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Information on
debt negotiation credit card company
Bad Credit? You May Still Qualify For A Credit Card!
Let's face it: in order to buy or sell so many things in today's society you simply must have a credit card available in order to complete many transactions. Sure, you could pay cash for many things, but how convenient [or safe] is it to carry around a wad of bills? If you lose the money, it is gone forever. Not so with a credit card as that little plastic device can be easily replaced. What do you do if you have bad credit? Are you locked out from getting a credit card? Happily, the answer is a resounding no. You have some options that can help put a new credit card in your wallet, bad credit or not.
Bad Credit: What It Is
Before we take a look at applying for a bad credit credit card, let's examine some things that could cause you to have a bad credit rating:
-- Late payments on car loans, rent, mortgage, bills, etc.
-- Medical bills you cannot afford to pay.
-- Legal judgment against you including: child support, lawsuit, etc.
-- Loss of job, big reduction of income.
Any one of these things can harm your credit rating, making it more difficult, but not impossible, for you to get a credit card.
Bad Credit Credit Cards: What The Offers Are
If you apply for a bad credit credit card, please know that the consumer requirements are different than for those cards for people with good credit. Still, a bad credit credit card can be a good idea to help you build your credit rating back up; it won't improve overnight, but it can improve with your disciplined repayment plan. Here are some things you must know about a bad credit credit card:
Your APR will be higher. Some offer low APRs for the introductory rate, while other cards will offer a variable rate. Overall, the APR will be higher.
Default rate. If you are late with payments, you may find yourself paying a much higher default rate.
Annual fee. Expect to pay an annual fee as high as $100 per card, less if it is for a secured card.
Other fees. Depending on the card you select, you can be charged an account set up fee, program fee, annual fee, and a participation fee.
When shopping for a bad credit credit card, only commit to getting one that fits your budget. Between the fees and the higher APR, you could find yourself with a card that doesn't work with you. Still, by using a bad credit credit card, you can reestablish your credit if you use the card and pay it down quickly and on time.
About the author:
Click here for more information Bad Credit Credit Card Offers. Ed Vegliante runs
www.Credit-Card-Surplus.com, a directory to help consumers compare and apply for credit cards.
More Useful Resource and Updates on debt negotiation credit card company
- QCR Holdings, Inc. Announces Gain From the Sale of Merchant Credit Card Acquiring Business (GlobeNewswire via Yahoo! Finance)
MOLINE, Ill., Aug. 29, 2008 -- QCR Holdings, Inc. announced today that the Company has sold its Merchant Credit Card Acquiring business to Veracity Payment Solutions, Inc. . The transaction will result in an after-tax gain of approximately $3.0 million in the third quarter of 2008.
- Analysts weigh credit card impact of Biden VP bid (ABS-CBNNEWS.com)
DENVER - Credit card industry analysts are wary of the sector's regulatory outlook if Barack Obama, a harsh critic of their business, becomes U.S. president with their longtime ally Joe Biden as vice president.
- Crime Stoppers offers reward in credit card abuse case (The Atascocita Observer)
On June 4, an unidentified suspect broke into a woman?s vehicle and took her purse, which contained several credit cards. When the victim called to cancel her cards, she was informed that her Visa card had already been used twice.
- Man Sentenced for Stealing Credit Card Numbers 8/29/08 (CBS 7 West Texas)
A 20-year-old Pecos man accused of stealing credit card numbers at three local restaurants was sentenced to two years in prison. Gonzalo Reyna was found guilty of credit card fraud and aggravated identity theft.
- Brazen credit card theft leads to conviction (The News)
NEW?GLASGOW ? A 25-year-old woman who stole John Hamm?s credit card from church and worked with her common-law partner to steal a purse from an elderly lady in Stellarton has been sentenced to probation.
- Secured card can help you build credit (Bankrate.com via Yahoo! Finance)
A secured credit card can help rebuild your payment history if you have bad credit, says Dr. Don Taylor.
- Cuomo calls on gas stations to stop surcharges on credit card customers (The Journal News)
ALBANY - Attorney General Andrew Cuomo is warning gas stations across the state not to engage in "bait-and-switch" tactics by posting lower cash-only prices for gas and then charging higher prices for credit card customers.
- Home Depot gets credit card boost from Citigroup (Atlanta Journal-Constitution)
Home Depot, which has one of the largest consumer credit card portfolios in the country, has penned a new deal with its outside credit vendor, Citigroup Inc., the world's largest card issuer. The deal may seem like inside baseball. But it's a big deal for the country's second-largest retailer, as the cost of maintaining the portfolio under the old agreement was depressing earnings. The new deal ...
- Debt Shield Inc.
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- Knee Deep in Debt - Federal Trade Commission
Facts for consumers about debt issues from the FTC. Covers credit counseling and bankruptcty along with debt consolidation, management, and negotiation.
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