What you need to know before you apply for a credit card.
Many times people will get credit card offers in the mail on a daily basis. many times people will not even read all of the terms and conditions not knowing that they are getting themselves into a 23% interest rate with a 250 annual fee.
Do your research before you seek and apply or send in that credit card offer.
There is many great cards you can apply for you just need to know what you will need and use that card for
Once you get your credit card you will want to pay off the monthly balance in full. This is good for two reasons, one being that it will keep your interest rate down and will show that you can pay on time. Second, since you are making payments on time and paying off full balance your credit card supplier will increase your balance.
remember to always be smart when you apply for a credit card.
Obtain a loan even with bad credit
Sunday, September 16, 2007
Monday, September 10, 2007
Take Your Time to Build Your Credit
Build your credit slowly and be cautious...
This is a common problem with the young adults today in life.
many adult are 18,going to college living the night life and working part time.
it seems as if you just graduate from high school and the credit card offers start pouring in. So many young adults think "oh only one credit card is fine" and do not realize the effects of these hefty credit tickets.
With so many credit cards having such high interest rates due to no previous credit history one single missed payment can spell disater.
instead you should be highly advised to take your time to "build your credit" and be very cautious of annual fees and high interest rates.
Talk to some one with experiance in the finacial field not all offers can be as great as they seem.
However,
If you do recieve a credit card pay your bill on time and pay more then the min. payment. by doing this it keeps your credit in great standing and over time builds your credit slowly, the right way.
Never max out your credit card and carry over a monthly balance from month to month.
This does no look very well to other potential lenders and can lead to future turndowns.
First step should be to open a savings and checking account and begin to build your savings account just a little over three months and then try to opt in for a low limit credit card through your bank. Many times your existing back can work out a lower interest rate which can prove to be very much a plus feature to have.
This is a common problem with the young adults today in life.
many adult are 18,going to college living the night life and working part time.
it seems as if you just graduate from high school and the credit card offers start pouring in. So many young adults think "oh only one credit card is fine" and do not realize the effects of these hefty credit tickets.
With so many credit cards having such high interest rates due to no previous credit history one single missed payment can spell disater.
instead you should be highly advised to take your time to "build your credit" and be very cautious of annual fees and high interest rates.
Talk to some one with experiance in the finacial field not all offers can be as great as they seem.
However,
If you do recieve a credit card pay your bill on time and pay more then the min. payment. by doing this it keeps your credit in great standing and over time builds your credit slowly, the right way.
Never max out your credit card and carry over a monthly balance from month to month.
This does no look very well to other potential lenders and can lead to future turndowns.
First step should be to open a savings and checking account and begin to build your savings account just a little over three months and then try to opt in for a low limit credit card through your bank. Many times your existing back can work out a lower interest rate which can prove to be very much a plus feature to have.
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