March 23, 2018

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Credit Card Offers for Blemished Credits

Credit Cards for Poor Credit Scores

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Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Characteristics of Credit Card Offers for Blemished Credit

If your credit is blemished you’re not alone. Many people are finding that the boom in credit spending, over the last 10 years, has left them financially damaged and in despair. Whether you blame the economy, divorce, job loss, irresponsible spending or something else your focus should be about moving forward and making changes. Having access to credit, and a decent credit history, is necessary to buy a home, get a car loan and even qualify for specific jobs. Also, access to a credit card is important for day to day living. Credit cards make for convenient shopping but are also necessary in many scenarios where a Visa or MasterCard must be made available to purchase online, rent a car or hotel room, and more.

But, how do you obtain a credit card when no lenders are interested in you? Specifically look for credit cards designed for blemished or no credit consumers. There are a number of options out there as a large population of adults are in the same boat. However, not all credit cards are built the same. Here’s what you should be aware of:

  • Understanding the respective fees and penalties of any credit card you obtain is important. Credit card companies willing to risk a line of credit to someone who has been historically irresponsible are going to charge a big fee. Annual fees can range from $50 to several hundreds of dollars and are hard to avoid. But, if a credit card is needed you may have to deal with the cost. Often you’ll see that a small line of credit is issued but the fees are instantly deducted leaving with little available credit until you pay-off the initial charges.
  • Low credit limits are often the case for someone with a lagging credit score. Typically over time you can raise that limit via responsible spending and making timely payments. But, in the meantime, make sure you understand your credit limit before accepting any offers.
  • Collateralization requirements should be a question when you’re looking at credit card options for blemished credit. Will the lender require you put down a portion of collateral to the credit limit? How is that managed and how much will you need to come up with?

Credit card options for those with less than perfect credit are abundant but need to be looked at closely before making a decision. Different options have their pros and cons and make sure you read the fine print first before making a final decision. The goal is to demonstrate responsible spending to ultimately improve your credit and lead the way towards better access to lenders.

Top Unsecured Credit Cards For Bad Credit

These credit cards have either a low on-going interest rate, low introductory interest rate, or low on-going fees. Most of these cards also have reasonable rewards programs and additional card perks. Rewards are one of the most requested features in credit ...

Published:  Mon, 19 Mar 2018 12:11:00 GMT

Data breach at Expedia's Orbitz affects 880,000 credit cards

CALIFORNIA, U.S. - Expedia-owned travel website Orbitz disclosed that it had suffered a massive data breach, which has exposed credit card and personal data of about 880,000 of its customers. The website said in a statement that bad actors may got their ...

Published:  Thu, 22 Mar 2018 09:29:00 GMT

3 Ways to Use Credit Card Rewards to Your Advantage

The most rewarding way to use credit cards. Using credit cards for outside capital isn't a bad idea, especially for entrepreneurs who have a plan for avoiding any snags. Minimizing credit card debt is easy if you take care to pay the minimum monthly ...

Published:  Tue, 20 Mar 2018 11:00:00 GMT

DAVE SAYS: Credit Card Settlement Programs are Bad Idea

I received a call the other day from a company saying it could negotiate the balance on my credit cards to a lesser amount. The caller also said they could get me a 0-percent interest rate until the debts were paid off, and then the accounts would be closed.

Published:  Sat, 24 Feb 2018 16:00:00 GMT

7 Bad Credit Card Habits You Can't Afford to Keep

Credit cards can be great financial tools if you use them responsibly. You can earn credit card rewards on your everyday spending and build your credit with a positive payment history. But if you use credit unwisely, you can dig yourself into a hole of ...

Published:  Sat, 27 Jan 2018 03:40:17 GMT

Credit card defaults on the rise, and Chicago is worst, as holiday bills come due

Another reason for rising credit card defaults, observers say ... A lot of the borrowers who are opening up lines of credit now are "subprime" - those with bad or limited credit history or low credit scores - noted Bruce McClary, spokesman for ...

Published:  Mon, 22 Jan 2018 10:11:12 GMT

Unsecured Credit Cards for Bad Credit

Unsecured cards are the most popular type of credit cards available - they are simply regular credit cards. The term "unsecured" means that you don't need to deposit money or use any other collateral in order to receive a line of credit - credit ...

Published:  Wed, 07 Feb 2018 03:17:27 GMT

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