Comments on: Is this credit card a good choice for me? http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/ Everything you want to know about Payday Loans and Cash Advances Wed, 08 Sep 2010 09:01:29 +0000 http://wordpress.org/?v=2.7 hourly 1 By: grierGRIER h http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/comment-page-1/#comment-336 grierGRIER h Thu, 22 Jan 2009 01:18:08 +0000 http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/#comment-336 Bad credit problem can be caused due to a number of situations. The credit card choices available to bad credit people allow them to rebuild their credit history. Financial products that help bad credit people are prepaid credit cards or debit cards, secured bad credit cards, unsecured bad credit cards. Prepaid or debit cards: These are the easiest option available for bad credit people. There are no verifications, no credit checks, no employment requirements, and the approval is instant. All they have to do is to deposit a money and a prepaid card is issued. This card has the borrowing or buying capacity equivalent to the funds deposited. The good thing with prepaid credit card is that it promotes financial discipline. Some prepaid card issuers report to various credit rating agencies, thus it helps in rebuilding your credit history. Apply online at: Bad credit problem can be caused due to a number of situations. The credit card choices available to bad credit people allow them to rebuild their credit history. Financial products that help bad credit people are prepaid credit cards or debit cards, secured bad credit cards, unsecured bad credit cards.

Prepaid or debit cards:

These are the easiest option available for bad credit people. There are no verifications, no credit checks, no employment requirements, and the approval is instant. All they have to do is to deposit a money and a prepaid card is issued. This card has the borrowing or buying capacity equivalent to the funds deposited. The good thing with prepaid credit card is that it promotes financial discipline. Some prepaid card issuers report to various credit rating agencies, thus it helps in rebuilding your credit history. Apply online at:

]]> By: Michael F http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/comment-page-1/#comment-335 Michael F Wed, 21 Jan 2009 23:05:49 +0000 http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/#comment-335 i think you can do better. Go to creditcard.com they have a section on all the cards that specialize in bad credit. Read them over and choose what is best for you. If you can improve your credit in the mean time by paying down outstanding debts, or perhaps get on someone elses credit card as an authorized user it would make your life much easier. Avoid paying just the minimum on your outstanding cards. i think you can do better. Go to creditcard.com they have a section on all the cards that specialize in bad credit. Read them over and choose what is best for you. If you can improve your credit in the mean time by paying down outstanding debts, or perhaps get on someone elses credit card as an authorized user it would make your life much easier. Avoid paying just the minimum on your outstanding cards.

]]> By: Lisa http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/comment-page-1/#comment-334 Lisa Wed, 21 Jan 2009 02:08:39 +0000 http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/#comment-334 Already. No. Things to look for when getting a card include: no annual fee, low FIXED APR. When I turned 18 I obviously didn't have credit either. So I ended up applying everywhere(which is bad for your credit) and eventually just applied to a credit card offer in the mail(When I was 19). It was a Chase card NO annual fee but the APR was a horrible 19.99% FIXED. I was approved for a $200 or $500 credit limit. Then I got a Cap 1 offer in the mail and thought well "Whats in my wallet?" lol so I was approved for that one at $500 for 19.99 FIXED. (The bad thing about Cap 1 is that they DO NOT report your credit limit, so your credit goes off the highest balance you had on the card.) The only reason I settled for those high rates was because I knew I needed to establish credit and eventually I could get the rates down. Then a year later I applied for a rewards card through my credit union and was approved for $500 at 7.9% FIXED!! So that was awesome. Then my boyfriend had to apply for a SONY card and since we like to see who has better credit I did too. Approved for $2000 at a whopping 14.99%(Not something any reasonable person would sign up for unless you are only using it to get the reward points and pay off the balance every month like we do.) Anyway, I am 21 now and the APR on my cards range from 7.9% Fixed to 9.99%Fixed. (Got Both CAP 1 and Chase to lower the APR) Oh and the credit limits are much higher. If you sign up for a crappy APR card just be sure to pay the balance off every month(just like you should with any card no matter the APR) Just be smart with your credit. Already. No. Things to look for when getting a card include: no annual fee, low FIXED APR. When I turned 18 I obviously didn’t have credit either. So I ended up applying everywhere(which is bad for your credit) and eventually just applied to a credit card offer in the mail(When I was 19). It was a Chase card NO annual fee but the APR was a horrible 19.99% FIXED. I was approved for a $200 or $500 credit limit. Then I got a Cap 1 offer in the mail and thought well “Whats in my wallet?” lol so I was approved for that one at $500 for 19.99 FIXED. (The bad thing about Cap 1 is that they DO NOT report your credit limit, so your credit goes off the highest balance you had on the card.) The only reason I settled for those high rates was because I knew I needed to establish credit and eventually I could get the rates down. Then a year later I applied for a rewards card through my credit union and was approved for $500 at 7.9% FIXED!! So that was awesome. Then my boyfriend had to apply for a SONY card and since we like to see who has better credit I did too. Approved for $2000 at a whopping 14.99%(Not something any reasonable person would sign up for unless you are only using it to get the reward points and pay off the balance every month like we do.) Anyway, I am 21 now and the APR on my cards range from 7.9% Fixed to 9.99%Fixed. (Got Both CAP 1 and Chase to lower the APR) Oh and the credit limits are much higher. If you sign up for a crappy APR card just be sure to pay the balance off every month(just like you should with any card no matter the APR) Just be smart with your credit.

]]> By: Cali Girl http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/comment-page-1/#comment-333 Cali Girl Mon, 19 Jan 2009 23:07:40 +0000 http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/#comment-333 Wow, too long to read everything, but my husband got a secured Orchard card. They are great way to establish credit. This card has boosted his credit to 635 from a 580 in about 6 months, needless to say he also pays his car payment on time. But he has several items in collection (when he allowed his sister to obtain 2 credit cards and 1 personal loan in his name, but she never paid them.) It was hard for his to get any kind of credit cards. So he put down $500.00 and that has been a very good card. It is a HSBC credit card, they are a pretty good bank! Wow, too long to read everything, but my husband got a secured Orchard card.

They are great way to establish credit. This card has boosted his credit to 635 from a 580 in about 6 months, needless to say he also pays his car payment on time. But he has several items in collection (when he allowed his sister to obtain 2 credit cards and 1 personal loan in his name, but she never paid them.) It was hard for his to get any kind of credit cards. So he put down $500.00 and that has been a very good card. It is a HSBC credit card, they are a pretty good bank!

]]> By: Sarah Smile http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/comment-page-1/#comment-332 Sarah Smile Mon, 19 Jan 2009 02:51:36 +0000 http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/#comment-332 NO NO NO! I had them when I was trying to rebuild my credit, bad idea. If I knew then what I know now.....If you are trying to rebuild your credit, get a secured credit card from an actual bank. NO NO NO! I had them when I was trying to rebuild my credit, bad idea.

If I knew then what I know now…..If you are trying to rebuild your credit, get a secured credit card from an actual bank.

]]> By: Heinz M http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/comment-page-1/#comment-331 Heinz M Sun, 18 Jan 2009 08:25:38 +0000 http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/#comment-331 It's horrible! ~ The best way to get a credit card, get on a second card of someone that has decent credit, then use it and pay it off every month. Soon you'll get offers for cards of your own. No annual charge, no deposit, none of the rest of that crap. BUT you have to be responsible. And need to know someone who believes in you. It’s horrible! ~
The best way to get a credit card, get on a second card of someone that has decent credit, then use it and pay it off every month. Soon you’ll get offers for cards of your own. No annual charge, no deposit, none of the rest of that crap.
BUT you have to be responsible. And need to know someone who believes in you.

]]> By: Daniel L http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/comment-page-1/#comment-330 Daniel L Sat, 17 Jan 2009 23:14:02 +0000 http://www.paycheckloancenter.com/2009/01/is-this-credit-card-a-good-choice-for-me/#comment-330 Ask yourself why you need others to make decisions for you. If you can't handle credit... or even finding a suitable credit card on your own, then don't do it. What would be best for you is to simply pay as you go. Once you have restored your credit and built up some savings then consider getting a credit card. Ask yourself why you need others to make decisions for you. If you can’t handle credit… or even finding a suitable credit card on your own, then don’t do it.

What would be best for you is to simply pay as you go. Once you have restored your credit and built up some savings then consider getting a credit card.

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