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Bad Credit Used Car Loan: When Bad Is Not Really Bad At All
For people who have a low credit score or had encountered some
serious credit problems in the past and need to buy a car, then,
they have to apply for the so-called bad credit used car loan.
Basically, a bad credit used car loan provides the...
Big Brother knows what's in Your Credit Report. How about You?
Whether you are aware of it or not, credit bureaus have been keeping tabs on you and how you use credit. When it's time for you to apply for a mortgage, credit card, or personal loan, your credit report is what lenders look at to decide to approve...
Find The Best Credit Card Type
There are a variety of credit card types, each claiming to offer you the best possible deal. Finding the programs and incentives that works best for you is key to maintaining a good credit card history.
Each type of credit card offer different...
Refinance Your Mortgage To Rebuild Credit
Refinancing your mortgage is one way to rebuild your credit, particularly if you have recently declared bankruptcy. With a poor credit history, you can find refinancing through a sub prime lender. To rebuild your credit, make regular payments on...
Wouldn't You Like to Know Your Credit Score?
If you don't know what your credit score is, it is high time that you learn! This lone number is the biggest determination for lenders to decide whether you are or are not credit worthy. Not only do credit card companies use it to determine whether...
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The Bad Credit Card That May Do Good
Millions of people use credit cards all around the world. A huge
chunk of those users made mistakes when dealing with their
credit cards. The consequence of the errors is costly.
A lot end up in debt and most of the time these are the people
who rant about the credit card being the devil. But fact of the
matter is, this is not the case. When used properly, credit
cards are very good financial tools.
Credit cards are not necessarily just for people who have large
sums of money to use. There are some cards even for the
financially challenged, and these are called the: "Bad Credit
Cards."
A bad credit card is just precisely that: a card with a very bad
or low credit limit.
There are two types of credit cards: there is the secured and
the unsecured credit cards.
Unsecured credit cards are the accounts that are free from the
limits of a bank account. The limit of credit is up to the
bank's discretion and not up to the size of the bank account. If
the bank thinks that a person is deserving of a bigger credit,
then it will be given.
This is the usual type of credit cards in the market and is
fairly popular among the card shopping people. These are also
the cards known to be more respected by other companies. These
are also
the cards known to send people to a very deep debt.
This is the type of credit card that should be avoided if the
applicant is already in a financial mess.
The secured credit cards are the bad credit cards. These cards
are grounded on the size of the account a person has. For
example, if a person has a $1,000 balance, then that is all the
credit a person is going to get. If there is a point where the
balance reaches $0, then the person should go and "re-fill" the
account.
The bank limits the credit to the money already present to avoid
overspending, thus preventing even deeper debt. This will
monitor the expenses of the person and will help the development
of a financial recovery for some.
These credit cards are also known as "pre-paid credit cards" for
there is only a fixed amount that can be used and the holder is
the one who puts it there.
About the author:
Author: Michael Colucci
For a list of 0% APR Credit Cards available today please visit
0% Credit Cards
or www.aplus-credit-cards.com
(You are granted the right to reprint this article but the
title and content must remain unchanged and the authors name and
contact information must be included.)
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| Credit - Wikipedia, the free encyclopedia |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
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| Credit/Debt Management - Tools and Advice for Managing Credit and Debt |
| 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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