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Bad Credit Loans - You Do Have Options
If you are one of the millions of people walking around today
with a bad credit rating, you may well be wondering how you'll
ever be able to get a loan again in the future. Well wonder no
longer. If you need a loan and have bad credit, the...
Buying A Home With Poor Credit Is Easier Than Ever
Buying a home with poor credit is easier than ever with online mortgage brokers. You can easily find sub prime lenders, compare rates and terms, and complete the process on your schedule, not the banks.
Online Sub Prime Lenders
Sub prime lenders...
Don’t Fall For A Scheme When Trying To Rebuild Your Credit History
Don't Fall For A Scheme When Trying To Rebuild Your Credit History For people with a spotty credit history or bad credit, getting approved for a standard credit card can be difficult, if not impossible. There are a number of credit card options...
Entrepreneurs (or Anybody Else): If You Must Use Credit Cards, Practice "Safe Swiping"
"But Everybody's Doing It"
Are you familiar with that plea some children make in an attempt to get what they want based on the behavior of their peers: "But everybody's doing it"? Should you, as a business founder or one who wants to be, use...
Finance Your Car With Poor Credit
Cars don't look at your credit before they decide to breakdown.
Anyone, with poor credit or great credit, could find themselves
in a situation where they need an auto loan. Fortunately, those
with poor credit do have options available for...
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Prepaid Credit Cards
If you have a history of bad credit and are unable to obtain a
mainstream credit card, then prepaid credit cards may be just
the answer you are looking for.
First of all, although prepaid credit cards are accepted at any
retail outlet where the credit card logo is displayed, strictly
speaking they are not a 'credit' card, as the issuer provides no
credit facility to you. Rather, your spending limit is
determined by how much money you have on the credit card at any
given time.
Once the amount on the card has been spent, the cardholder can
either buy a new prepaid credit card or elect to transfer money
on to the existing card, depending on the card program.
Although prepaid credit cards sound very like debit credit
cards, the two should not be confused. In the case of debit
cards, any purchase for goods or services you make will
automatically be charged to you bank account - for which the
debit credit card has been issued. However, purchases for goods
or services made on prepaid cards goes off the balance already
on the card.
Because of the prepaid nature of these cards, they have
several benefits, such as:
-no interest is charged
-they give people with a bad credit
history the option to use a
credit card
- the 'credit' line is variable depending on the amount on the
balance of the card
That said, you still need to review the terms and conditions
of the application form carefully as prepaid credit cards can
have
- a monthly membership fee
- an application fee
- a purchase fee
- a monthly transaction limit fee, i.e. if you spend over a
fixed amount each month you are charged a fee for any additional
transactions
- a fee if you use the card to make ATM withdrawals
Nonetheless, the card is a superb option if you either cannot
obtain a regular credit card or are tired of all the fees and
interest charges that are normally associated with standard
credit card.
About the author:
Joseph Kenny is the webmaster of the UK credit card comparison
site http://www.creditcards121.co
m/, where you can find a selection of credit card
advice. For US visitors there is also the comparison site http://www.credit-cards-i
nfo.com/ for all US interest free offers.
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