Debt Consolidation

Custom Search
 

Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
15 Ways Average
Debt Consolidation or
Debt Consolidation 101
Guide to free
Guide to online
Debt Handling Solutions
Consolidation Loan Student
Get Out Of
Student Loan Debt
How to Avoid
Debt Consolidation Loans
Debt Collection--Tips for
Debt Management Plans
Consolidate, Before It's
How To Find
Bad Credit Debt
Business Debt and
Christian Debt Consolidation
Consumer Debt Consolidation
Credit Card Debt
Debt and Bill
Debt Consolidation Advice:
Debt Consolidation Companies:
Debt Consolidation Credit
UK Debt Consolidation
Debt Consolidation
Unemployed debt consolidation:
Credit Card Debt
Debt Specialist In
What can debt
Debt reduction companies
Play the Credit
Understanding Credit Card
The Pro's and
Open the Cash
Sitemap
Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
 
Is There Something Called a Bad Credit Credit Card?
by Terje Ellingsen
Is there something out there called a bad credit credit card? Well, when a bank or Credit company such as Bank of America, Washington Mutual or Chase receive an application from you, they use a statistical system to determine whether or not to gr

Is there something out there called a bad credit credit card? Well, when a bank or Credit company such as Bank of America, Washington Mutual or Chase receive an application from you, they use a statistical system to determine whether or not to grant credit to you by assigning numerical scores to various characteristics related to creditworthiness. This means the creditor's measure of your past and future ability and willingness to repay your debts. This system is based on your credit history, which is a record of how you have borrowed and repaid debts. If this record shows late payments, skipping payments, exceeding card limits or declaring bankruptcy you are considered a person with "bad credit".

Then you're condemned, you're hopeless.. Nobody will ever lend you money or give you a credit card anymore, you may think but then you should think again. Even people with horrible credit histories who have been in a financial mess because of previous debt can get credit card offers. So, the answer to the question I asked in the beginning of this article is "Yes": You can get a secured or prepaid credit card.

Banks and other credit companies need customers, even thoses in a bad financial situation. So these secured or prepaid cards offers are specifically targeted to help people with poor credit, so that they too can have all the benefits that follows such a card.

What distinguise a secured card from an unsecured is that the card's account is usually related to a savings account. This is the way the card is secured. Let's say you have $1,000 in your account, then your credit limit will be $1,000. With this build in security, you will never be brought into a debt situation again. After using this card for a while, most banks or finance companies will gradually grant you credit that exceeds your saving account balance and you will at the same time repair your credit history. This bad credit credit card is a great offer, that you should take advantage of if you have a messy financial history and want to rebuild your credit.

Terje Brooks Ellingsen is a writer and internet publisher. He runs the website 1st-In-Loan.net Terje gives advice and helps people with personal financial issues like consolidation loan and how to apply online for credit cards

 
The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt Holly Springs town Pierce County Brainerd The Village Marshall township Ridgefield Park village Liberty township Quincy village Almena Orleans New Cambria Mogadore village Madison city (pt.) Barberton Sanger Ellis Grove village Savannah town Raccoon township Elgin Tennyson village Enon village Rice County New Sharon town Hydro town (pt.) Orchard Grass Hills New Rockford McDonough Norton Shores Northlake city (pt.) Louisburg village USA UK Australia Canada Falkland Islands (Islas Malvinas) Luxembourg Ecuador France Nigeria United Arab Emirates Bulgaria Singapore Japan Cocos (Keeling) Islands West Sussex Perthshire Carmarthenshire London Durham Huntingdonshire Kent Midlothian East Sussex West Sussex Alaska (AK) Texas (TX) New York (NY) Virginia (VA) Connecticut (CT) Palau (PW) Federated States of Micronesia (FM) New Jersey (NJ) Ohio (OH) Hawaii (HI) North Dakota (ND) Northern Mariana Islands (MP) Wyoming (WY) Tennessee (TN) Connecticut (CT) Marshall Islands (MH) Virgin Islands (VI) Missouri (MO) Georgia (GA) Mississippi (MS)