How is it Possible to Change Bad Credit Rating through Bad Credit Credit Card? [mortgagefraud101.blogspot.com]

How is it Possible to Change Bad Credit Rating through Bad Credit Credit Card? [mortgagefraud101.blogspot.com]

Free report at: www.CSBCards.com - (*24hr Recorded Message (775) 473-9014*) CREDIT REPAIR: info from the credit secrets bible Rebuild Credit: Insider Credit Repair Techniques to Improve Credit Score Fast! What's the fastest way to raise your credit score? To quote the classic magazine salesman from the movie Office Space "That all depends"... While the removal of negative items from your credit report will almost always result in an increase in your credit score, there is a method that works better. Here's why. Adding positive accounts is actually more effective at improving your credit score (in the short term) than removing negative one. Unfortunately, few consumers or credit repair companies know this. One of the biggest problems with trying to get approved for new credit is that you need to "have" credit in order to be approved. This causes a sort of catch 22. How does one "get" credit if no one will give them cred it because they don't have any credit to begin with? A vicious cycle indeed, but a real one. However, if you have someone you can use a cosigner this is NOT a problem. Simply have them cosign on the new credit application for you. If you don't have a cosigner, read on. Contrary to popular belief (or what myfico and credit repair companies would like you to believe), the largest factor in building a solid foundation for your credit score comes down to two credit scoring factors: 1.) The "High Credit Limit" and 2.) Your "Debt to Credit" Ratio Your high credit ...

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These additions to the aqua range of credit cards for bad credit are the first launches in SAV Credit's ten year history, reflecting the evolving financial market that ... UK: aqua launches two new credit cards

There are many people who migrate to the United Kingdom for education and work. Such people will have no credit history. Likewise, there are a few people who may have a bad credit history and hence may require a bad credit credit card to repair their credit ratings.

Normally, there are three kinds of credit cards for bad credit. Let us find out how these cards work for you.

Prepaid Credit Cards

These credit cards are quite similar to a normal debit card. If you want such a card you need to open a bank account and initial a deposit. The amount you deposit will be your card limit. In this case the bank is not offering you any credit since any purchases made by you comes from your deposit.

However, this is not a credit card that can help you rebuild your credit ratings since there is not credit given to you and hence it is not reported by banks to the credit agencies.

Secured Bad Credit Credit Cards

With this kind of bad credit credit cards, you will have to open a savings account and deposit some money in it.

The bank may hold this money as collateral and issue a credit card to you. Normally, the amount of money you have deposited in your account may be the limit set by the bank though some banks allow for a higher credit limit.

In case of default of payment, money is deducted from your savings account and the interest and charges are more than your regular credit cards.

Such cards are ideal for rebuilding your credit as these cards have to be reported by the banks.

Unsecured Bad Credit Credit Cards

An unsecured bad credit credit card is just like any other regular cards except that the credit limit is low and based on well you manage your credit, the limit may be enhanced. Though these kind of bad credit credit cards charge more interest and charges than normal credit cards, they are a very good option to repair your credit ratings since these cards have to be reported to the credit agencies.

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