Poor Credit Card
Posted by admin on July 21st, 2009 at 12:00am
Question:
Is it true that I am not able to get a credit card due to my poor credit card rating?
Answers:
No sir. That is absolutely false. You are still able to get a poor credit card despite your bad credit history. You will be subjected to nasty and persistent rumors regarding credit cards. And I think you will still encounter other similar credit card lies in your lifetime.
A prepaid card trumps over credit cards specifically if the owner does not have a great credit history.
The rejection is not real in the case of prepaid credit cards. There aren’t any credit checks, no job verification, and acceptance is guaranteed.
With a bit of diligent research and comparison of many prepaid credit card offers, it is not hard to find a prepaid card without any annual fees, no repayments, no late payment fees, and no penalties at all. Therefore, the maintenance costs of a prepaid card can be discarded.
With a prepaid credit card, it is quite easy to promote financial control. Seeing as how you can only spend what you currently have, there isn’t any overspending, and thus no debt.
Some companies that prepaid credit cards do report their usage to the big credit bureaus and thus are a good instrument to re-establish poor credit card history.
You can obtain a poor credit card, but you may need to try very hard in getting it approved. Nobody is going to lend money out if they believe that person will not pay it all back. Furthermore, if you do obtain one, your interest rate is going to be very high.
you may get the odd one but it will be very high interest, so you need to build your credit rating up, but it is funny, since if they do not issue you a credit card, you will not be able to do this