Credit Cards For Bad Credit - Good or Bad Idea?

In depth review оf pre-approved Platinum credit cards frоm CreditOne Bank (Visa) аnd Fіrѕt Premier Bank (MasterCard). Review talks аbоut whаt іt rеаllу costs уоu tо apply fоr оnе оf thеѕе unsecured credit cards. Whаt уоu ѕhоuld bе lооkіng аt whеn lооkіng fоr а credit card thаt won't hurt уоu financially. Thеѕе аrе thе twо mоѕt popular credit cards considered thе bеѕt unsecured credit card fоr bad credit оr аftеr bankruptcy. But dо thеу rеаllу hеlр уоu build уоur credit thе wау thеу ѕау thеу do?

Looking tо rebuild уоur credit score, gеt nеw credit аftеr bankruptcy оr gеt access tо credit whеn уоur credit іѕ іn thе toilet? Folks wіth lоw credit scores оr rесеnt bankruptcies аrе gеttіng deluged wіth pre-approved credit offers thаt ѕееm tоо good tо bе true, ассоrdіng tо folks whо hаvе ѕеnt mе copies оf thе applications recently.

So what's thе deal wіth thеѕе offers? A pre-approved unsecured credit card ѕhоuld dо mоrе thаn јuѕt report уоur credit scores аnd hеlр уоu raise уоur FICO score. A good unsecured card ѕhоuld аlѕо mаkе good financial sense. Tоо оftеn thе FEAR оf hаvіng tо rely ONLY оn thе income thаt соmеѕ іn mаkеѕ people jump аt credit card offers thаt financially wіll put thеm іn thе poorhouse.

CreditOne Bank bills іtѕеlf аѕ "one оf America's leading issuers оf VISA Platinum credit cards." Thаt іn іtѕеlf tells uѕ а lot аbоut thе current state оf thе US economy ѕіnсе thеу аrе оnе оf thе largest issuers оf subprime credit cards. CreditOne аnd Fіrѕt Premier Bank hаvе cornered thе market оn credit cards fоr folks whо hаvе bad credit оr nо credit.

But hоw tо tеll іf thеу (or оthеr bank card issuers) аrе rеаllу good fоr уоur wallet аnd уоur long-term financial security?

Right now, CreditOne іѕ mailing оut offers оf а "pre-approved credit line uр tо $1,500." And thаt саn bе enticing... but bеfоrе уоu sign оn thе dotted line fоr thіѕ оr аnу оthеr credit card, gеt answers tо thе fоllоwіng questions first:

1. Whаt wоuld уоur starting credit line асtuаllу be?

2. What's thе annual fee thе fіrѕt year? Sоmе waive уоur fіrѕt annual fee, оr charge а big оnе аnd thеn waive lаtеr years аnd mаkе uр thе difference wіth а monthly maintenance fee thаt mаkеѕ thе annual fee lооk lіkе pocket change.

3. Whаt annual fee іѕ charged іn fоllоwіng years?

4. Iѕ thеrе а "monthly service fee" аnd іf so, hоw much? If thеrе іѕ one, thіѕ ѕhоuld bе а red flag оf а card tо avoid.

5. What's thе interest rate? (Anything оvеr 18% јuѕt isn't worth it, еvеn іf уоu аrе building uр а credit history. Sоmе credit cards fоr "bad credit" charge 24%-36%!)

6. Whеn dоеѕ interest start bеіng added? Sоmе cards start charging interest frоm thе day уоu mаkе уоur purchase, rаthеr thаn оn уоur balance.

7. Iѕ thеrе аn "application fee" оr аn "activation fee?" Good cards nеvеr charge уоu tо apply fоr оr activate уоur credit card.

8. Iѕ thеrе а charge tо raise уоur credit limit? Again, good cards raise уоur credit limit whеn thеу decide уоur credit-worthiness hаѕ gоnе uр - аnd thеу dо іt fоr nо additional charge.

So, hоw dо CreditOne аnd Fіrѕt Premier stack up? Visit mу blog article аt http://goo.gl/9xscKG аnd find оut fоr yourself.

Got аnоthеr bank that's sending YOU credit card offers? Send mе information аbоut thеm аnd we'll check 'em оut аnd report back! Fоr а personalized strategy оn gеttіng а handle оn уоur credit аnd debt situation, соnѕіdеr а 30 minute strategy session wіth Shelly Evans.

For mоrе tips оn hоw tо knоw іf it's time tо file bankruptcy, аnd whаt tо dо аftеr bankruptcy tо gеt started rebuilding уоur credit аnd уоur life, visit оur Bankruptcy Tools section аnd check оut thе Life Aftеr Bankruptcy Monthly Member Support Group, оur books, аnd оur free Hоw tо Knоw If It's Time tо File аnd Hоw tо Travel Wіthоut Credit reports.

Get Credit Cards For Bad Credit With No Deposit Required

Application for bad credit credit cards usually does not require credit check. You are approved regardless of income or credit history. Credit cards for bad credit, however, generally have higher annual interest rates than regular credit cards. This is obviously something you should consider when selecting the best credit card for bad credit. Compare some variables such as enrollment fee, APR, credit limit, and any benefits: emergency cash transfer, extended warranty protection, etc.

Credit Card

Before applying for bad credit credit card you should be clear on the purpose of getting it. Have you already gone over-limit on your current credit cards and need a new one? Or are you applying for bad credit credit card to fix your current credit score? You should also compare various offers from credit card companies to ensure that you get the best one you need. Evaluate every item in the offer and read all terms and conditions. Often some credit cards for bad credit have hidden costs and can become very expensive in the future.

Credit Card For Bad Credit Holders

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.

Obama tells US troops at Korean DMZ: 'You guys are at freedom's frontier'

SEOUL -- President Barack Obama was greeted with cheers from U.S. troops as he visited the dining hall at Camp Bonifas at the start of his tour of the Demilitarized Zone on the Korean peninsula and told them that they were protecting "freedom's frontier."

Obama talked about how proud he was of the troops and joked about the NCAA basketball tournament. While, the president has visited the Republic of Korea twice before, this was his first time observing the 38th parallel and members of North Korea’s military.

At Camp Bonifas, Obama told U.S. troops that they are part of a "long line" of soldiers who have enabled South Korea to prosper. "You guys are at freedom's frontier," he said.

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Resources for YOU:

• Credit Cards for Bad Credit
• Instant Approval Credit Cards

Low Credit Standing Credit Cards Can Raise Your Credit Score

If you've got low credit rating as a result of bankruptcy, foreclosure or perhaps poor debt management, it's not easy to obtain the credit you might want to improve your credit standing. That's where poor credit credit card come in.

Bad credit credit cards are cards which may be specifically marketed for people with low credit.


Read more Low Credit Standing Credit Cards Can Raise Your Credit Score

Resources for YOU:

• Secured Credit Cards
• Instant Approval Credit Cards

Debit card fees are coming: How to avoid them

Debit cards are convenient, widely accepted and safe. Unlike a credit card with a generous limit, your debit card will not lead you into temptation every time you go to the mall.

But, increasingly, consumers who want that kind of discipline will have to pay for it.

Bank of America disclosed last week that it will soon charge customers $5 a month to use their debit cards for purchases. Bank of America will charge the fees for both PIN and signature debit card transactions, spokeswoman Anne Pace says.

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Resources for YOU:

• Bad Credit Cards
• Bad Credit Secured Credit Cards

The Advantages of Prepaid Credit Cards

If you are looking at obtaining a prepaid credit card but quite reluctant to do this, this short article was written along with you in your mind. Do you know the advantages of prepaid credit cards? Why wouldn't you think about a prepaid debit card on the regular card?

No credit assessment. For those who have no credit rating, it can be hard to obtain approved for any regular charge card.

Controlled investing. Because prepaid credit cards don't provide lines of credit, it might be simpler to trace and control investing.

No rate of interest costs. Since purchases aren't made ahead of time, there's you don't need to be worried about taking on rate of interest charges.

Establish or build credit. Companies of prepaid an atm card today report credit activities towards the three major credit agencies - Experian, Equifax, TransUnion to allow them to certainly be prosecuted for creating credit or repairing poor credit.

Broadly recognized. Prepaid credit cards are recognized at stores and institutions that accept charge card payment.

Safer mode of payment. Shopping on the internet could be dangerous when utilizing a normal charge card as it is attached to your money.

Ideal for vacationers. If you are a frequent traveller, transporting money on your vacation could be dangerous.

These are merely a few of the benefits that you could enjoy from prepaid an atm card.

Read more The Benefits of Prepaid Credit Cards

Resources for YOU:

• Bad Credit Cards
• Bad Credit Secured Credit Cards

Housing Slump Hits New Mortgage Loans

Mortgage lending declined last year amid weak demand and tight credit standards, with particularly sharp credit contractions in neighborhoods with many foreclosures, according to the Federal Reserve.

In its annual analysis of mortgage data provided by thousands of financial institutions, the Fed found that lenders originated 7.9 million mortgages in 2010, down 12% from 2009. The only year they were lower in the past decade was 2008, when they hit 7.2 million. The Fed analyzed data from more than 7,900 mortgage lenders that are reported to regulators under the Home Mortgage Disclosure Act.

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Resources for YOU:

• Bad Credit Personal Loan
• Bad Credit Cards

Credit Cards for People with No Credit Score

Are you looking for a credit card to build credit?  If yes, you can find a number of options to choose from.  There are a variety of bad credit credit cards in the market.  Before you decide which card to choose, make sure that it will be one that you can use to rebuild bad credit.

Bad credit credit cards can also be used by people who have yet to establish credit history.  Since no credit check is required, anyone can easily get approved regardless of credit history or credit score.  On this post, let’s take a look at the most popular credit cards for people with no credit score.

• Secured Credit Cards
• Unsecured Bad Credit Credit Cards
• Prepaid Credit Cards
• Choosing the Right Bad Credit Credit Card 

Check out the following aspects:

• Credit reporting service.
• Reasonable interest rate.
• Minimal set of fees.

Read more Credit Cards for People with No Credit Score

Resources for YOU:

• Bad Credit Personal Loan
• Bad Credit Cards

Obama’s Bets on Abound, SoloPower Cut Costs to Avoid Bankruptcy

Three solar-energy manufacturers that received backing from the Obama administration may survive an onslaught of cheap Chinese panels that helped force Solyndra LLC into bankruptcy.

Abound Solar Inc. and SoloPower Inc. won a total of $597 million in loan guarantees from the U.S. Energy Department to begin building their first commercial solar-panel plants this year, and 1366 Technologies Inc. received a $150 million guarantee for a polysilicon wafer factory.

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Resources for YOU:

• Bad Credit Personal Loans
• Bad Credit Cards

Can Prepaid Credit Cards Lead You to Debt?

Some people are hesitant to use prepaid credit cards, afraid that the costs of these cards will only lead them to bad debt.  However, prepaid debit cards can actually be great alternatives to regular credit cards.  In fact, prepaid debit cards are bad credit credit cards which can be used for establishing credit history and for repairing bad credit.

Prepaid cards can be used as payment anywhere regular credit cards are accepted.  These special cards can also be used to shop online or to make reservations from the internet.  If you are going to travel overseas and do not want to bring a large amount of cash, you can bring a prepaid debit card instead to pay for your bills and do some shopping.

Read more Can Prepaid Credit Cards Lead You to Debt?

Resources for YOU:

• Bad Credit Personal Loans
• Bad Credit Cards

John Ciccarelli: Congress must pass incentives to bring manufacturing jobs back to United States

"Uncle Sam Wants (Needs) You."

For those of you who remember this famous poster from World War II this has never been more important. Only this time we need to enlist in a war against foreign imports and to increase demand for manufacturing in the United States.

Our Congress, in some kind of misguided attempt to stimulate business, has given corporations tax breaks for manufacturing in other countries. A bill proposed in the Senate this year to eliminate this credit and bring back jobs failed to garner the necessary votes for passage. I would imagine that this was because Congress was too busy trying to decide which type of light bulb we would use or what to name a post office in Illinois, or if it would be a good idea to destroy the good faith and credit of the United States to formulate a jobs bill that would stimulate domestic manufacturing.

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Resources for YOU:

• Credit Cards for Bad Credit
• Poor Credit Home Loan

Can You Get A Credit Card and Home Loan with Bad Credit?

Having bad credit can be a disadvantage when trying to acquire credit.  Nevertheless, a low credit score is not a hindrance anymore since many lenders today offer credit and loan programs for customers with bad credit.  On this post, let us talk how you can get a bad credit credit card and a bad credit home loan.

Credit Cards for People With Bad Credit

It is technically easy to get a bad credit credit card and you can choose from a number of options.  For instance, you can choose between a secured credit card and an unsecured bad credit card.  Both of these cards are available for people with bad credit.  However, secured credit cards require a cash deposit while an unsecured bad credit credit card does not. 

Bad Credit Home Loans

We have just discussed credit card options for people with bad credit but what about home loans?  Is it possible for you to get a mortgage loan if you have bad credit history?  In reality, getting approved for a home loan would be a big challenge if you have bad credit because many lenders want solid assurance that the borrower is capable of repayment. Nonetheless, bad credit home loans do exist in the market.

Read more Can You Get A Credit Card and Home Loan with Bad Credit?

Resources for YOU:

• Credit Cards for Bad Credit
• Poor Credit Home Loan

8 Facts You Must Know About Bad Credit Credit Cards

If you need a credit card for bad credit, you will come across many choices in the market.  On this post, we talk about eight facts about bad credit credit cards that you should know.

1. Some credit cards for bad credit require a security deposit. 
2. Some credit cards for bad credit do not involve security deposit. 
3. The rate is higher than a regular card. 
4. Not all prepaid credit cards can be used to rebuild credit score.
5. The fees may lead you to bad credit.
6. You can use your credit card to rebuild bad credit.
7. Not all bad credit card issuers offer an upgrade.
8. Not all bad credit card offers are legitimate.
   

Read more Facts You Should Know About Bad Credit Credit Cards

Resources for YOU:

• Bad Credit Cards
• Instant Approval Credit Cards

How to Obtain A Credit Card Despite Bad Credit

Having a record of bankruptcy in your credit report or other derogatory remarks can limit your options when it comes to rebuilding credit.  Fortunately, you can find credit cards in the market which are especially designed for customers with bad credit history.

In this article, let’s discuss some tips on how you can get the best credit card despite having an unimpressive credit and how you can use it as a tool to regain a good credit standing.

• Get a secured credit card.
• Watch out for “deceiving” credit card offers.
• Apply for a credit card from your personal bank.

Read more How to Obtain A Credit Card Despite Bad Credit

Resources for YOU:

• Instant Approval Credit Cards
• Bad Credit Car Loans