Reasons For Having Poor Credit Rating Credit Cards [mortgageapply.blogspot.com]
Bank downgrades could hurt loans, credit cards Posted On: Saturday, Jun. ... The top ratings agencies â€" Moody's, Standard & Poor's and Fitch â€" hold immense ... Bank downgrades could hurt loans, credit cards
creditcardtruth.com Before you waste thousands or even tens of thousands of dollars on hidden penalties and fees there's something you REALLY need to know That Zero Percent (Or No Annual Fee) Credit Card You're About To Apply For Might Really Be a Wolf In Sheep's Clothing And If You Set That Seductive Little Plastic Monster Loose on Your Bank Account Without Protection... He'll Devour Your Hard Earned Money Faster Than a Sirloin Roast in a Gourmet Butcher's Shop.On the other hand, if you follow these our easy steps to avoid common traps (and choose the card that's right for you)... you just might get some very welcome financial relief. At Credit Card Truth, we're a group of psychologists, researchers and ordinary business people fed up with how badly credit card companies treat their customers. So we hired a research team to review over a hundred zero percent and no annual fee offers...and what they found could easily save you thousands in unnecessary interest, fees, and penalties. So pay close attention while we talk about: Avoiding The 4 Most Dangerous Zero Percent Traps ZERO PERCENT CARD TRAP 1: THE BALANCE TRANSFER SHELL GAME IN MANY OFFERS THE ZERO PERCENT RATE APPLIES ONLY TO BALANCE TRANSFERS: Here's how this works... Interest on NEW PURCHASES is charged at a much higher rate... There's often a "new purchases minimum" required each month to keep your zero percent rate ... And balance transfer fees can be as high as 3% TO BEAT THE SHELL GAME ... Try to pay off your ...
mortgageapply.blogspot.com Credit Cards - The Shocking Truth
Following the global recession it is no surprise that many people have found themselves with poor credit. This could be for a number of reasons. Principally many lost their jobs and had to borrow to see them through the storm. In addition many pre-existing agreements were terminated as the banks rushed for liquidity and this adversely affected consumer' credit scores. Another reason was the reliance on credit cards or inability to pay credit card bills following the crisis. However, from these, problems have sprung solutions for consumers in the shape of poor credit rating cards.
Poor credit rating cards are exactly the same as normal credit cards but are available for individuals with a bad credit history.
Why would a credit card company want to extend credit to someone with a poor credit rating you might ask? Well the reason is that the rates are often slightly higher and the credit card companies can earn more from people than with their normal products. In addition, the limits for such cards are usually assessed and set to control the amount of risk that the card company assumes.
It is as important as ever to properly research all of the options available on the market before jumping into an agreement for a poor credit rating card. You must look at the rates, amount of borrowing, time limits and repayment schedules etc. In addition, make sure you really understand the charges and interest structure so that you can know the true cost of the borrowing.
Poor credit rating cards are not supposed to be for people who are plunging further and further into debt and need alternative sources of borrowing but as a means for people who have had difficulties in the past or simply who are victims of the credit crunch to be able to own cards again. In addition, poor credit rating cards are available for consumers with no credit rating at all.
Sometimes, if an individual has not borrowed anything in the past, the credit reference agencies will not hold any information on them and this may produce a bad score or significantly limit the amount that you can borrow.
A poor credit rating card can help people out of this situation by building your credit information so that they can move onto owning mainstream credit cards.
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