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4 Steps to Establishing Good Credit
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Debt consolidation – More Options for Reducing Credit Card Costs
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Different Credit Card Terms
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show that almost thirty per cent of credit card users asked
didn't know the meaning of several terms related to credit cards.
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How Credit Works
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Student Credit Cards 101: A Student's Guide to Credit
If you’re a college student, you probably already have a credit card. If not, you may have plans to get one or more soon. So why should you read on? - Because financial debt is one of the main reasons that many students end up dropping out of...
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Credit Cards For Adverse Credit History
The credit card market is seeing a boom with numerous market players. It has created a kind of choice chaos or rather a clutter. It is important to differentiate between a good and a bad market offer. We all have discussed enough about the good and best credit card offers but it is equally important to know about the poor credit card offers, and what to beware of.
It is important to check the credentials of a credit card company before signing up for any offer since a number of fraudulent credit card companies have also sprung up along with the equal numbers of genuine ones. There is never a credit card offer that is perfect. Each has its pros and cons. Normally, if it sounds too good to be true, then it is a sure sign of being a credit card offer for someone with an adverse credit history. Offers like these can simply rip off your pocket and leave you with peanuts. They make tall claims to lure customers but if you read between the lines there is always a trap clause that takes the air out of the claim.
However, desperate requirement you might have of a credit do not fall into the trap of these jazzy claims. They might claim to give you low APR and high credit limit even with your bad credit history. Now this is obviously unbelievable. More unbelievable means more unreliable.
Then there could be credit card offers that are ridiculously unreasonable. For example, they may have a
worthless balance transfer offer with amount limited to a level of say £500. Or there could be store cards through which you can shop only at a particular shop and that too only from a particular catalogue.
These credit card offers are responsible for maximum credit card frauds or losses to customers due to unprecedented high costs. These are mostly wipe, pack and vanish firms, i.e. companies that wipe off your resources, pack their business and simply vanish leaving a big hole in your pocket.
We all receive those flowery once in lifetime offers claiming to change the course of life with all the financial gains we can get through them. Remember they are out there for business. They are not going to pay out of their pockets so obviously they cannot live up to their tall claims. Think wise and smart. It is good to invest in small time lesser-known ventures but at the same time it is better to be safe. After all prevention is better than cure.
About the Author
Joseph Kenny is the webmaster of the UK credit card comparison site http://www.creditcards121.com/, where you can find a selection of adverse credit history credit cards. For US visitors there is also the comparison site http://www.credit-cards-info.com
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| Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
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