Unsecured credit cards however do not ask for security deposit and also issued for people with poor credit score or no credit score. Unsecured credit cards for bad credits are issued by credit card companies carrying a risk, issuing you a card basing simply on the promise that you will pay them.
Showing posts with label bad credit credit card. Show all posts
Showing posts with label bad credit credit card. Show all posts
Tuesday, July 30, 2013
Monday, May 7, 2012
Priority Payday Loans Rebrands Site to Focus on US Market
In an effort to better reach American consumers, Priority Payday Loans recently introduced a rebranded version of the popular short-term lending resource.
LOS ANGELES, May 7, 2012 /PRNewswire via COMTEX/ -- Short-term financial resource Priority Payday Loans recently began focusing exclusively on American consumers. The site, reintroduced as USA.PriorityPaydayLoans.com, announced the rebranding initiative after reports indicated a rapidly changing overseas demand for short-term financial products. Since the launch, Priority Payday Loans is reporting a significant change in site interaction.
"We are excited to see such a positive reaction to our domestic rebranding initiative," Priority Payday Loans spokeswoman Michele Holbrook said. "The consumer interaction we are experiencing is much more targeted and our user base is expressing a higher level of satisfaction after the launch."
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Tuesday, November 15, 2011
TransUnion: National Credit Card Delinquencies Increase, but Remain Near Record Low Levels
CHICAGO, IL, Nov 15, 2011 (MARKETWIRE via COMTEX) -- The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) increased in the third quarter for the first time since the fourth quarter of 2009, edging upward to 0.71 percent. Average credit card debt per borrower increased $63 in the quarter to $4,762, though it remains near record-low levels. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers, evaluating how they are managing credit related to mortgages, credit cards and auto loans.
The Q3 2011 TransUnion data released today show credit card delinquency rates rising from the historic lows of last quarter. "This is the first quarterly increase we've seen in almost two years," said Ezra Becker, vice president of research and consulting in TransUnion's financial services business unit. "Even so, we are still well below historical norms. In fact, we're at the second lowest delinquency rate nationwide that we've seen in the past 16 years.
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The Q3 2011 TransUnion data released today show credit card delinquency rates rising from the historic lows of last quarter. "This is the first quarterly increase we've seen in almost two years," said Ezra Becker, vice president of research and consulting in TransUnion's financial services business unit. "Even so, we are still well below historical norms. In fact, we're at the second lowest delinquency rate nationwide that we've seen in the past 16 years.
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Monday, November 14, 2011
US economic data inspires cautious optimism
Economic indicators in the US are showing signs of recovery, despite the Federal Reserve’s unwillingness to take the steps needed to curtail the budget deficit, according to Julius Baer.
A household would never run its budget the way the US government does, said Mark Matthews, a managing director at the boutique private bank. If the US were a household with an annual family income of $21,700 (its gross domestic product), it would be spending $38,200 every year. Despite an outstanding credit card bill of $142,710, it is still adding new debt of $16,500 annually — and through painful efforts it recently achieved a budget cut of $385.
There has been some improvement in the jobless numbers, but unemployment has been above 9% for 28 months now. That is its longest slump since 1945.
Sunday, November 13, 2011
Which Credit Cards Can Help You Rebuild Credit?
Secured Credit Cards. A secured credit card is a popular type of bad credit credit card that requires the submission of security deposit.
Unsecured Bad Credit Credit Cards. There is a new type of bad credit credit card in the market which does not require security deposits.
Prepaid Credit or Debit Cards. Prepaid credit cards or debit cards have evolved since they were first introduced in the market.
Anyone can easily obtain a prepaid debit card regardless of credit history or credit score.
Read more Which Credit Cards Can Help You Rebuild Credit?
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Thursday, September 8, 2011
S&P: U.S. Downgrade Increased Downgrade Risks For Other Entities
NEW YORK - Standard & Poor's downgrade of the U.S. sovereign credit rating last month increased downgrade risks for other global entities, including banks, the ratings agency said Thursday.
An article published by S&P's Global Fixed Income Research unit said the number of companies at risk of having their credit rating cut had risen by 14 to 465 as of Aug. 24.
The total remains below the peak of 1,028 in April 2009, S&P said, adding that some sectors were more stable than they have been historically. Banking, though, was among the sectors at risk, the agency said.
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An article published by S&P's Global Fixed Income Research unit said the number of companies at risk of having their credit rating cut had risen by 14 to 465 as of Aug. 24.
The total remains below the peak of 1,028 in April 2009, S&P said, adding that some sectors were more stable than they have been historically. Banking, though, was among the sectors at risk, the agency said.
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Wednesday, September 7, 2011
How to Get a Home Improvement Loan with Bad Credit
The good news is that you can find lending companies that offer special loan programs for customers with bad credit history or low credit score. However, there are some things you should remember when looking for a bad credit home improvement loan:
- Check your credit report.
- Consider a home equity loan.
- Get a co-signer.
- Compare bad credit loan deals.
- Think about repayment.
- Negotiate for a lower rate.
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Tuesday, August 16, 2011
More consumers paying credit card bills on time
In another sign of household belt-tightening, the rate of late credit card payments fell to a 17-year low in the second quarter.
The national credit card delinquency rate, which measures payments that are 90 days or more past due, was 0.6% at the end of the second quarter, according to credit reporting agency TransUnion. That's down nearly 19% from the first quarter and 35% from the second quarter of 2010, TransUnion said.
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The national credit card delinquency rate, which measures payments that are 90 days or more past due, was 0.6% at the end of the second quarter, according to credit reporting agency TransUnion. That's down nearly 19% from the first quarter and 35% from the second quarter of 2010, TransUnion said.
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Monday, August 15, 2011
More homeowners refinancing into shorter loans: survey
(Reuters) - More homeowners prefer to pay off their mortgages sooner as interest rates have stayed near rock-bottom and weak labor conditions have caused them to reduce their debt loads, a survey showed on Monday.
The current trend in refinancing into shorter-loan terms is a stark contrast to the one during the height of the housing boom, when families were taking out bigger mortgages against the rising values of their homes.
Of those homeowners who refinanced a 30-year fixed-rate mortgage during the second quarter, 37 percent moved into a 15-year or 20-year fixed-rate loan. This is the highest since the third quarter of 2003, mortgage finance agency Freddie Mac said.
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Sunday, August 14, 2011
How a Credit Card Improves Bad Credit
- Choose an affordable card.
- Pay on time.
- Use your bad credit credit card regularly.
- Pay in full.
- Use only half of your limit.
- Plan your purchase.
- Track your progress.
- Upgrade to an unsecured card.
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