A Fresh Start Credit Card to Take With You on Vacation!

Planning a vacation this summer?

Even if you’ve already saved the money for your summer vacation, it only makes sense to have a good credit card available just in case you have an unexpected emergency expense that crops up while you’re away from home.

You never know when you’ll have car trouble, lose some or all of your cash, or if you simply overspend and end up running low on funds before it’s time to go home.  (Who doesn’t overspend on vacation?)  That’s why you shouldn’t leave home without the security of knowing that you have a way to replace that tire, rent a car, or pay for that extra expense you just weren’t planning for when you were saving for your summer vacation.

But what if your credit is less than perfect? Who’s going to give you a credit card?

Even if your credit is less than perfect, you can still qualify for several types of credit cards. Many people qualify even with a bankruptcy still on their credit report, chances are you will too!  Even better, once you’ve got the credit card, they will report your responsible usage and payment history to all three major credit bureaus, so you can continue to improve your credit score!

Bad Credit Does not Mean You Will be Refused Car Credit

A bad credit rating can be viewed as a mountain to climb for those affected by it. Consumers may deem themselves in a position where they are unable to receive any finance from lenders. This is however, not true.

The truth: even with the worst credit, even one day after bankruptcy, an individual with bad credit may still obtain a credit card, a car loan or a home mortgage loan” (Attorney M. Brenner 2008).

Consumers have finance available to them regardless of bad credit as long as they are able to qualify through other requirements. Through fulfilling these requirements, opportunities of car loans or car credit will be made available.

Collateral can be a huge deciding factor when lenders are considering applications. Collateral, normally based upon fixed assets such as property, can be secured by the finance company. The collateral is used, as a source of payment, if a consumer does not make repayments of the full amount within an agreed time.

This does not mean that credit or income requirements will be overlooked by the mere fact of applying for a secured bad credit loan instead of an unsecured loan. However, it is true that you can boost your chances by doing so” (Witts 2008).

Unsecured loans are still available for consumers with bad credit. These loans will be subject to higher interest rates and lower loan amounts but are still a viable option for those with bad credit. Those with bad credit can use co-signatories or guarantors in order to secure loans such as car credit.

This will greatly reduce the risk and thus, ease the requirements for approval” (Witts 2008).

Consumer’s confidence in spending has fallen, effecting large purchases.

“Research, conducted in February, is one of the first pieces of evidence that the public are changing their behaviour to take account of the economic slowdown. Of the factors slowing spending, the biggest, cited by 44 per cent of people, was the rise in the cost of day-to-day living. One in six said they had received some big household bills; had seen their income plunge for another reason; or just felt they should be more careful in their spending”. (Hickman 2008).

Cars can be an expensive one off payment. The current economic climate means that consumers are less confident in their disposable income spending. Therefore the option of spreading that payment over a period of time in manageable monthly sums is more appealing to consumers.

Recent surveys from the RAC have indicated that a sizeable proportion of UK drivers are searching in order to reduce the size of their car. Consumers view the need for a smaller car for two reasons. 1; Cost and 2; maximising their car credit.

Companies such as creditplus.co.uk are specialists in finding consumers potential finance opportunities. They will sort through the major lenders and find the best finance deal available for specific consumers circumstances.

The use of loan calculators and other financial assistance tools provide consumers with an easy way to check if how much monthly payments would be and for how long these repayments would need to be made. However, this would all be dependant on the outcome credit checks carried out.

References

Article Sphere. 2008. Bad credit doesn’t have to be an obstacle. [Online] (Updated on 06 October 2008). Available at: http://www.articlesphere.com/Article/Bad-Credit-Doesn-t-Have-To-Be-An-Obstacle/158438 [Accessed 06 October 2008].

Debt workout. 2001. Introduction to Loan Options For Bad Credit Borrowers. [Online] (Updated on 01 April 2001). Available at: http://www.debtworkout.com/bad_credit/loan_help.html [Accessed 06 October 2008].

The Independent. 2008. Now the credit crunch is hitting home. [Online] (updated 16 April 2008). Available at: http://www.independent.co.uk/money/invest-save/now-the-credit-crunch-is-hitting-home-809603.html [Accessed 06 October 2008].

Article Source: http://www.articlesbase.com/credit-articles/bad-credit-does-not-mean-you-will-be-refused-car-credit-591811.html

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www.visitcars.co.uk

Bad Credit Uk? Now What?

If you have bad credit, or credit that is less than idea, we can help you get your credit history back on track.  Fixing your credit record or history is vital to improving your personal finances.  After al, that’s why we are here, to help you get your personal finances in order.  Yes order, as having good credit is essential in today’s world of finance.

You need a loan?  Without good credit, you may not even qualify for a loan, and secondly, if you do quality, and have bad credit, your interest rate and interest rate changes are going to be more than if you had good credit.

Ok, so good credit is in your best interest, you probably already knew that, and one of the reasons you are taking the time to read this article.  Well we are going to help you get your credit back on track.

First and foremost, you need to find out where you stand with your credit history.  Both Experian and Equifax can provide you with the tool necessary to understand your current credit score.  This is crucial to starting down the road to financial freedom. Find out more about CreditExpert® from Experian.   Find out more about the family of Equifax Products by visiting our site, the UK Credit Card Centre.

Let’s face it, credit cards are essential to developing, and keeping a good credit history. If you credit has slipped into a less than perfect, then you can start your credit ‘recover’ with the help of a credit card designed to get you back on track.

Both Vanquis and Capital One have developed credit cards designed to improve your credit rating. Have you had a credit card application declined in the past for any of the following reasons: because you’re new to credit, have a history of bad credit, a bad credit rating (including CCJ’s), you’re on a low income, work part time or are self employed? If any of these situations affect you, then these credit cards will help you fix your credit.  Find out more about Vanquis and to find out more about the Capital One Classic card .

Fixing your credit is a choice, a choice you can make.  To start down the road to financial freedom, you need to take the first step, a step you can make with our help.

Article Source: http://www.articlesbase.com/personal-finance-articles/bad-credit-uk-now-what-1934071.html

About the Author

At the UK Credit Card Centre our primary purpose is to provide personal financial solutions. Choosing the credit card that is best for you is rather simple. What’s not simple is the effort that is needed. That’s where we come in, we provide the tools and information necessary to help you find the credit card that is right for you.  Visit our site to find out more, UK Credit Card Centre

10 Side Effects of Extremely Bad Credit

Because your credit score is not a number you deal with daily, it often goes ignored.  Forgetting payments, maxing out a credit card, or ignoring your bills will all have a huge impact on your credit score and credit history.  A positive credit record will lead to lower interest rates, more job opportunities, and more possibilities to rent or buy a home.  Here are the most pressing side effects of bad credit:


1.         Credit and/or loan application not approved

The lower your credit score, the less likely you will be approved for a new line of credit.  Since you are a high risk for the lender, you are either denied completely or offered the loan at a high rate.

2.         High interest rates on credit cards and/ or loan

Because you are a high-risk borrower, some credit agencies will give you an incredibly high interest rate.  It is not uncommon for some credit cards to have as much as 30% APR!

3.         Not hired for job position

Many employers are checking potential employee’s credit report, especially in the financial industry.  If you have less than ideal credit, this may be a reason for your employer to look elsewhere for an employee.  CNN Money reports that 60% of employers use credit checks as part of the screening process for their new employees.

4.         High insurance premium

All insurance companies check your credit before offering you a premium.  It is statistically proven that consumers with lower credit scores file more insurance claims, therefore, it is said that these consumers deserve the most costly premiums (regardless of how many claims you actually filed).

5.         Denied for an apartment or house rental

Landlords almost always check your credit before offering up a lease agreement.  It is not uncommon for the consumers with the lowest credit scores to have much difficulty finding a place to live, if at all.

6.         Difficulty buying a vehicle

Want that new Toyota? Make sure your credit is stable.  Car dealerships use banks’ analysis of your credit report to determine a loan for you.  Bad credit can leave you with extremely high interest rates consequent excess expenses on your vehicle.

7.         Difficulty getting a cell phone contract

Cell phone companies always check credit since they offer their services in advance.  Obviously the company needs to see how financially responsible you are with payments before giving you the cell service.

8.         Difficulty starting your own business

In order to start a business, you usually need money in the form of a loan.  If you are unable to take out a loan due to bad credit, your business plans might never come to fruition, no matter how good the business idea.

9.         Calls from debt collectors

Many creditors will hire third-party debt collectors to collect the payment for past-due bills.  They will call your home phone, your cell phone, and even go as far as calling your family members to track your whereabouts.  These debt collectors will not leave you alone until your payment is made.

10.       High security deposits for utility accounts

Your electricity, cable, phone, and natural gas companies might require you to put down an initial deposit down before your service begins to ensure payment.  Companies frequently require this down payment as a part of the application process for consumers with bad credit.

Article Source: http://www.articlesbase.com/business-opportunities-articles/10-side-effects-of-extremely-bad-credit-4208260.html

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Extremely bad credit by Accurise accolades could only go so far. The economic storm that confronted everybody in late 2008 was a realization that everything was about to drastically change.

Bad Credit? Get the Credit Card you Want and the Credit Card you Need!

So you have bad credit, millions do, and more importantly millions did.  Yes million of people have taken the steps necessary to improve their credit history, and credit ratings.

Before you start to improve your credit rating, it’s critical to find out why your credit is in the state that it is. If you don’t know why your credit is poor, then you must ask to see your credit reference file to find out.  At the UK Credit Card Centre we can help you in your quest to understand your credit score (Visit our Credit Help page).


Once you have a good understanding why your credit score is poor, or bad, there are a number of simple steps you can take to help improve your credit rating and start to rebuild credit history and score:

  • Make sure you are on the electoral roll. It only takes a few minutes to register with your local council and it will help to improve your credit score over time.
  • Always pay bills when they are due. This will begin to improve your credit history and score and will again give you an improved credit rating over time.
  • Do not apply for too much credit.  The number of times you apply for credit, either credit cards or loans can have a negative effect on your credit score. Every application for credit is logged into your credit file.  Too many credit applications in a short period of time may not help your credit rating.
  • The truth matters.  When applying for credit never give false or misleading details.  Always tell the truth.  If there are inconsistencies with past credit applications or details that are held on credit checking systems differ from your application it will affect your credit score.
  •  Start to build a credit history over time and when you check your credit reference file you should find an improved credit score.  Remember good credit will not occur over-night, but if you take the time to fix your credit blemishes, your score will improve over time.

So how can you improve credit ratings if you can’t get credit?  Credit card companies like our Vanquis and Capital One are specially designed for people with bad credit, or for people that have credit that needs help.  Even if you have been turned down by other credit card companies, you may be able to qualify for cards designed to improve credit.

As long as you manage the card properly, stay withn your credit limits and pay promptly, this is a good way to build credit history and to improve your credit rating.  Take the time to understand how to build good credit, and you will start down the road of financial freedom.  To find out more about cards designed for people with bad credit, Please visit our site UK Credit Card Centre for additional details.

Article Source: http://www.articlesbase.com/credit-articles/bad-credit-get-the-credit-card-you-want-and-the-credit-card-you-need-1768087.html

About the Author

At the UK Credit Card Centre our primary purpose is to provide personal financial solutions. Choosing the credit card that is best for you is rather simple. What’s not simple is the effort that is needed. That’s where we come in, we provide the tools and information necessary to help you find the credit card that is right for you

Bad Credit Credit Cards are not Bad at All

Bad credit history may greatly affect your future credit card applications, at least for the next seven years down the road. We know that bad credit does not just target the lazy person, it holds no discrimination as to whom it will target and it will not. Plus, many of us understand bad credit can sometimes feel like the end of the world, but it does not have to be. With bad credit, getting approved for a standard credit card can be difficult, if not impossible, and it is tough to get any type of unsecured credit card with bad credit. If you have bad credit, you may be under the impression that you are not able to apply for a credit card. However, today we have bad credit credit cards available to help us.


If you have bad credit, there are still credit card opportunities for you to apply to and even receive instant approval. That is one of the reasons bad credit credit cards are a highly searched item on the Internet. Bad credit credit cards are some of the most misunderstood financial tools of all time. They are intended to make it easier for many to obtain credit. That is because bad credit credit cards allow people with less than perfect credit, or no credit history to get on the right track and begin building or rebuilding their credit.

Bad credit cards approval is possible with many bad credit card applications, though bad credit cards approval may imply additional requirements, for the applicant. Bad credit charge cards are regular credit cards, except that the interest rates and fees may be a little higher, and they are specifically designed for those with no credit history, or adverse credit history. In many cases they are the best option for anyone who has a lot of debt and bad credit, also. As you can see, bad credit credit cards are unique cards geared towards people who have had trouble getting approved for a standard unsecured credit card. Once acquired and used correctly, bad credit credit cards help greatly to fix credit scores. Using a bad credit card the right way rebuilds your bad credit history, so, if your credit score needs improvement, do not hesitate, compare credit card offers and select a bad credit credit card to start rebuilding your credit score at once. After all, a bad credit credit card can be just the thing that saves your credit.

Bad credit credit cards can be a good way for consumers with poor, or no credit history to establish and build a solid credit history. They are offered by many banks as financial tools to help people establish or re-establish their good credit rating. Still, it is true that bad credit credit cards must be used responsibly, or your situation will just worsen. For all practical purposes, bad credit credit cards are just like regular credit cards, but they are specifically for high risk cardholders.

Bad credit credit cards charge various fees and offer various features and they are unlikely to be no annual fee credit cards, but you can search for the best low interest credit cards for poor credit. Bad credit usually attracts high APR on credit cards, plus bad credit credit cards often charge annual fees of up to $50 or more. In spite of the additional fees bad credit credit cards are an excellent method for the people with bad or no credit, to improve their credit rating and to enjoy the benefits of credit cards.

Bad credit credit cards are offered by many banks as financial tools to help people establish or re-establish their good credit rating. Though some consumers have a negative view of bad credit credit cards, they should not. Bad credit credit cards are primarily intended to make it easier to obtain and re-build credit, which is good for consumers and merchants as well.

Article Source: http://www.articlesbase.com/credit-articles/bad-credit-credit-cards-are-not-bad-at-all-162548.html

About the Author

Art Taylor has been a successful internet marketer for 10 years. He writes articles about credit cards and other topics. For more information or to apply for credit cards visit his websites at: {Credit Cards|Eshopperworld} or {Cards|Ecreditcardworld}.

Bad Credit Credit Cards UK – Bad Credit Card Instantly!

Bad Credit Credit Cards UK – Bad Credit Card Instantly!

Bad credit credit card UK is really a credit card that the credit card suppliers offer to the people who have bad debt . Did that astonish you? Well, don’t let your thoughts run just yet.

==> Get Your Bad Credit Credit Cards UK Today!

You can classify poor credit credit cards into two categories based on what you see by bad credit credit card.

The first category of poor credit credit cards is those cards that are secured (and are also known as secured credit cards).

These bad debt credit cards require a security i.e. you have to open (and maintain) a bank account with the bad debt credit card supplier.

The credit limit on your bad credit credit card UK is calculated as a percentage of the balance you hold in the bank account you have opened with the credit card supplier. Generally, this is 50-100% of your bank account balance.

So, this credit card enables you to spend the sum of money you hold in your bank account; only the way you spend it changes (i.e. as an alternative of spending that as cash you spend it using your bad debt credit card).

So poor credit credit card lets you reap the benefits and enjoy the convenience that are associated with credit cards, even with bad debt.

==> Get Your Bad Credit Credit Cards UK Today!

The other category of bad credit credit cards are nothing unusual, they are the same cards that we know of most commonly; the only difference is in the way you obtain them and the objective behind obtaining them .

Here, we are talking just about the credit cards that you use as a debt integration mechanism i.e. consolidating bad debt (as such any debt is bad). So we can name them bad debt credit cards as well .

These operate by transferring of the balance you owe on your current, high interest credit cards to these bad debt credit cards that have a lower APR (at least for some initial period). thus, these credit cards help you in consolidating your debt and getting some ease from the higher APR that you were experiencing on your current card.

Some people accept both of these categories of credit cards as bad credit credit cards UK while others tend to go with one or the other. So, what you regard as a bad debt credit card is really a matter of personal preference .

Article Source: http://www.articlesbase.com/debt-consolidation-articles/bad-credit-credit-cards-uk-bad-credit-card-instantly-2815563.html

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==> Get Your Bad Credit Credit Cards UK Today!

Bad Debt Information => www.poorcreditcreditcard.net

Bad credit credit card – A bad credit credit card

“Bad credit card card” is used to refer to credit cards that can be obtained even with a bad credit rating. The bad credit card cards provide opportunity to people (with bad credit rating) to improve their credit rating. In that sense, bad credit credit cards act as rescuer for such people. So, bad credit credit cards also act as necessary a training ground for people who have not been able to control their spending urge in the past.

Bad credit card cards are commonly known as secured credit cards. The bad credit card card (or secured credit cards) requires the individual to open up an account with the credit card supplier and maintain some cash balance in the account. Why is that required? Well, credit cards are a business for the credit card suppliers; so how can they trust someone who has defaulted on his/her payments in the past? After all, a business is about profits and such risks are a threat to profits. The bank or the credit card supplier will generally pay interest on the balance in your account. However, it’s best to check this with the bad credit card card supplier/bank. The credit limit on the bad credit card card is determined by the cash balance in the account and is generally between 50-100% of the cash balance. These bad credit card cards are also referred to as debit cards, owing to the fact that they work less in a credit-giving manner and more in a debit-giving manner.

There are plenty of bad credit card cards available in the market. When searching for the bad credit card card that is best suited to you, you should consider 4 things in particular: the minimum balance that you are required to maintain in the bank account, the credit limit that you will receive (i.e. the percentage of your bank account balance that you are allowed to spend on your bad credit card card), the fees/other-charges applicable to the procurement of bad credit card card and the rate of interest that you will receive on the balance in your bank account. An ideal bad credit card card would have no fee/other-charges associated with it and would require zero or a very small amount as minimum bank balance. It would also have something like 90-100% of bank balance as its credit limit. Moreover, an ideal bad credit card card would also offer a good interest rate on the bank balance.

Bad credit card cards are really a good concept that provides respite to people with bad credit rating by letting them enjoy the benefits of credit cards while they mend their credit rating.

Article Source: http://www.articlesbase.com/finance-articles/bad-credit-credit-card-a-bad-credit-credit-card-1776107.html

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5 Major Drawbacks of Bad Credit Credit Card

With a bad credit and less than perfect credit history, getting a credit card with competitive features is not that easy. In this article we take a look at the 5 major drawbacks that come with a bad credit credit card.

1. High APR

With a bad credit credit card the interest rates are reasonably higher. Forget those 0% intro APRs- they rarely come with a bad credit credit card. So, keep your credit card balances low, to stop this high APR from burning a hole in your pocket.

2. One time processing fee

Some credit card companies charge a processing fee for people with bad credit who apply for credit card. This is generally charged by credit card companies due to the credit checks, other formalities and risk involved in providing a credit card to bad credit people. If you are going for a secured bad credit credit card then this fees can be waived, otherwise it has to be paid. The catch here is that credit card companies demand upfront payment of processing fee. But, a wise credit card consumer will find a credit card company which charges the fees to the credit card not demands cash in advance.

3. High annual fee

Keeping the bad credit credit card is definitely going to cost a lot in terms of annual fees depending on the credit report it can go in hundreds of dollars per annum. Bad credit credit cards with 0 annual fees offer is very difficult to find.

4. High late payment fee

Late payment with a bad credit credit card is severely penalized. The credit card companies charge heavy late payment penalties on repayment default and are very quick in reporting the default to credit rating agencies with a bad credit credit card.

5. Lower credit limits

Since, the credit card companies face increased risk in providing credit card to bad credit people, therefore the credit limits are lower. The credit limits can be increased with secured bad credit credit card and proper repayment of credit card balances.

These 5 factors related with bad credit credit cards increase the cost of owning one. Comparing various credit card offers, especially, when you have a bad credit will help you lower the interest and fees burden of a bad credit credit card.

Article Source: http://www.articlesbase.com/credit-articles/5-major-drawbacks-of-bad-credit-credit-card-173758.html

About the Author

Duran Mueller an expert author and credit card consultant, provides great Advanta credit card tips. Read more credit card articles at his credit card website.

Bad Credit Credit Cards: How You Can Avoid High Fees

Individuals with problematic credit histories often suffer unfairly from high mortgage, insurance, and car loan rates. On top of that, they have difficulty getting approved for credit cards. The whole situation can get extremely frustrating. Frequently, I get emails from consumers wondering what they can do to rebuild their credit. The first thing I tell them is to get a credit card designed for people with bad credit. The second thing I tell them is written in bold: READ THE FINE PRINT.


There are only a limited number of credit cards for individuals with bad credit. At first glance, many look the same. They all help build and rebuild your credit by reporting to the major credit bureaus on a monthly basis. They all provide you with the Visa or Mastercard you need to make many purchases. And they are all necessary evils that can save you thousands of dollars in mortgage and car loan rates in the future. However, you must read the fine print before applying for one of these credit cards, as they often charge high yearly fees, set-up fees, and even monthly fees. Here, I will examine a few examples of charges current “bad credit” credit cards bury in the fine print. Of the three major cards I will examine, only one stands out as consumer-friendly.

“Bad Credit” Credit Card #1: This credit card charges a very low interest rate for an unsecured credit card. However, your first fine print glimpse reveals that there is a one time setup fee of $29. Not too bad. So far, since the next charge is a one time fee of $95. So far, we’re up to $124 in expenses. That’s got to be it, right? No. Add in another $48 for the annual fee and $6 per month in account maintenance fees. That’s brings the cost of your new credit card to $244 the first year, and $120 each additional year. This is no small change, and a card such as this should be considered only if you cannot be accepted for a better unsecured credit card for bad credit.

“Bad Credit” Credit Card #2: This credit card charges a very high interest rate for an unsecured credit card. This can’t be good. But the setup fee is only $29. Maybe this card isn’t so bad. There is that pesky monthly maintenance fee of $6.50 per month which brings the cost of this unsecured credit card to $107. Maybe we’ve found a bargain. Not quite. The annual fee is a whopping $150. Yes, $150 every year. That not only brings the initial cost up to $257, but you will also pay $228 a year just to maintain the credit card. There has to be a better offer.

“Bad Credit” Credit Card #3: This credit card is available as both a secured and unsecured credit card, based on the issuer’s review of your credit history. The interest rate is average, even competitive. Now, the fine print reveals that there is a one time setup fee. However, based on your credit, this fee can be as low as $0 or as high as $49. So far so good, especially if your credit is not that bad. But, there must be a huge annual fee. Not exactly. The annual fee for a secured credit card is only $35, and for an unsecured credit card, this fee can be as low as $39 or up to $79. So far, the cost of this card ranges from $35 to $128. Now its time for the monthly maintance fee. This one has to be huge. Or not. Its $0. That means the most you could possible be charged to obtain this credit card is $128, about half of what competing cards are charging.

Clearly, there are substantial difference between “bad credit” credit cards. Of the three offers we have examined, only one doesn’t take you to the cleaners. In fact, “bad credit” credit card #3 provides great value. All positive changes to your credit history and credit score will translate into lower loan rates, lower credit card interest rates, lower insurance rates, and ultimately, thousands of dollars in savings. The path to rebuilding credit has its costs, but in the long term, rebuilding your credit with a “bad credit” credit card is the fastest and most cost-efficient way to correct the often unfortunate circumstances that have damaged your credit in the first place.

Article Source: http://www.articlesbase.com/credit-articles/bad-credit-credit-cards-how-you-can-avoid-high-fees-3276881.html