Written by Blake Teen on July 24, 2011.
If you have bad credit standing at the moment or a student with no credit score, then you are probably planning to apply for an unsecured bad credit credit card. If you are, it is good to remember these five tips on how to wisely use it:
Tip # 1 Never be late on your monthly payments
You should never be late on paying your monthly credit bills. Most credit companies will send you monthly statement of accounts and email notifications to remind you of your due date of payment so it should not be difficult to pay on time.
Tip # 2 Never spend over your credit limit
It is also very important that you do not spend over your credit limit.
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Written by Tim Peak on June 20, 2011.
Did you know you’re entitled to a free credit report when you have an application denied because of information in your credit report? You have 60 days to order this free credit report so you have to act quickly.
Now, some lenders will send a free credit score when you’re denied or approved with less favorable terms.
How to Get a Free Credit Report When You’re Turned Down For Credit
Written by Tim Peak on May 20, 2011.
Earlier this year, Experian, one of the three major credit bureaus, purchased RentBureau, a company that collects rental history from property management companies. This is good news for millions of people who pay their rent on time every month but get no credit score boost from those positive payments.
Not only will Experian sell rental reports to landlords checking your rental history, they’ll also include some rental data on your credit report and include that information in your credit score.
Only Experian has this rental data. For now, your Equifax and TransUnion credit reports won’t include your positive rental history. However, they may include evictions and delinquent rental balances.
Every renter won’t have their rent payments updated on their Experian credit report.
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Written by Blake Teen on April 19, 2011.
When speaking of bad credit, many people instantly think about secured credit cards as the perfect tools for repairing damaged credit. But did you know that there are credit card issuers today that offer unsecured accounts for people with bad credit? Yes! This special type of bad credit credit card is called unsecured credit card for bad credit.
As the name suggests, this type of credit card is offered for people who have a poor credit score, bad credit history, or no credit history. Nevertheless, unlike a secured credit card, an unsecured card does not require a cash security deposit. There is no need to submit a down payment in order to open an unsecured bad credit credit card account.
Is there a catch? Obviously, issuers of unsecured bad credit credit cards are taking a big risk in extending accounts to people with bad credit without asking for a deposit.
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Written by Blake Teen on April 13, 2011.
Finding a credit card when you have poor credit history can be a challenge. Many credit card companies advertise low APR, minimal fees, and great rewards but upon closer look, you’ll discover that these credit card deals are only for people with good to excellent credit. Does this mean you have run out of options? Certainly not!
It is comforting to know that having bad credit does not need to be a hopeless situation. A low credit score is something which can be improved and you can start by acquiring a credit card that is especially designed for bad credit.
There are many types of bad credit credit cards in the market and choose one that is most suited to you. For example, you can apply for a secured credit card or a prepaid debit card. Both of these bad credit credit cards are popular these days precisely because many people are in need of credit repair. B
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