Credit Cards For Adverse Credit - Friend Or Foe? [mortgageinsuranceguide.blogspot.com]
creditcardsforbadcreditnotbadpeople.com Part 2 View Credit cards for bad credit video part 1 here youtu.be View Credit cards for bad credit video part 2 here youtu.be In part one we covered the story of my life and how my credit was perfect then I went bankrupt, had foreclosures and autos repossessed. I quickly started the search for credit cards for bad credit individuals like myself. I then went into credit rebuilding mode and started looking and researching credit cards and in the process became an expert in credit cards for bad credit. I have built a website around this and help others that were in my situation. My goal is to help people rebuild their credit and if you see my website you can download for (free as of the date of this publishing) I am not sure how long it will be free but it is a great place for people to start building their credit and getting there life back. The nice thing is that the credit card companies want you to apply for their credit card; they even pay me if I send people to their website to apply for the credit cards for people with bad credit. I have helped people work on their credit in the past and in some situations they cannot get a unsecured credit card. You might wonder what a unsecured credit card is?!?!? A unsecured credit is a credit card that you do NOT pay a deposit to get. You apply and are approved and you receive the credit card. An unsecured credit card is a card that you are approved for and you have to pay a deposit for ...
mortgageinsuranceguide.blogspot.com Credit Cards For Bad Credit Part 2 The Best Cards for Bad Credit, I used them to Rebuild My Credit
You open your credit card statement and discover you forgot to make last month's payment. Or you get a call from a collection agency about a medical bill you didn't realize hadn't been paid. Or you check your credit reports and discover a late payment ... Is One Late Payment Really That Bad?
Having bad credit has never been a good thing, as this can make your life very difficult in terms of finances. Those with bad credit have often found that getting any sort of finance, such as a mortgage or a car loan can be extremely difficult and very costly, and these days the situation is even worse. The current financial climate means that many lenders will not even consider lending to those with damaged records, so repairing your records as much as possible has become a real priority for many people.
There are some products on the market that can help to improve your score, and amongst these are bad credit rating credit cards, which are designed to help those with poor histories to repair their ratings and be able to enjoy a brighter financial future once their score has improved. A number of providers offer these credit cards, and for those with adverse histories they can prove to be very effective over time.
The great thing about these credit cards is that they offer those with damaged reports a chance to prove that they can manage their money, and this will eventually help them to improve their score, giving them access to a greater range of financial products.
However, this is not a miracle cure for bad credit, and it can take a while for your score to get back on track.The best way to use these cards is to spend on them regularly and then repay the balance in full each month, as this way you will not pay interest and you can still enjoy the report building benefits on offer. It's important to compare bad credit rating credit cards too, to make sure you get the best deal.
However, there are some bad points to consider with these credit cards as well, and it is important to bear these in mind.
Firstly, many people are not convinced that companies should be doling out credit to those that have already proven that they struggle to manage their finances.
Indeed, if you do take out a score building card and you continue to manage your finances badly, resulting in missed or late repayments, then your record will get worse instead of better, and you will incur hefty charges from the card provider as well.Another bad point is that the interest rates charged on these cards can be extortionate, and for those already saddled with debt and struggling to get back on track the sky high rate of interest does nothing to help.
However, if you ensure that you pay your balance in full each month then the interest rate charged will not affect you. You should also avoid using these cards for withdrawing cash, as there is no interest free period so you'll be charged interest and handling fees even if you repay the balance in full.
Bad credit rating credit cards, when used carefully, can help to build or rebuild and strengthen your score. They are suitable for people who are either completely new to borrowing or who have a poor history.
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