Find out more on Debt Consolidation Credit Counseling In Phoenix Now!
Friday, December 5, 2008
This card is a sub prime unsecured card. This means the Continental Finance Card is designed specifically for individuals looking for a second chance with credit.
When this card is issued it will give you an initial limit of $300. You will be able to receive semi-annual increases to your limit, with a maximum limit of $2000.
This card does report monthly to all three credit bureaus. It is frequently used as a second chance credit card.
This will help your score because it will improve your ratio of debt to available credit. In addition you can create a positive payment history by paying your monthly bill.
These two factors carry a lot of weight when your credit score is being calculated. We do encourage you to remove any derogatory items on your credit report too.
This card is unsecured which means there is no initial deposit, however because of your low credit score they will charge you an annual fee. Unfortunately this is an unavoidable cost and you will have a fee with any credit card you open with a damaged credit score.
The benefit of this card is the very low 9.75% APR. The industry standard on sub prime cards is just under 20%. Your card can be used at millions of locations across the globe.
They do offer easy approval and there are no minimum income requirements. You can still be approved for this card even with a recent bankruptcy on your credit history. They offer an online application decision within seconds of submitting an application.
This card is issued by the First Bank of Delaware. This bank has been a leader in sub prime lending for years.
With this card you will have free online account access. You will be responsible to pay your monthly bill and keep your balance below your limit.
With a sub prime credit rating your other options include a secured credit card. This is a good choice however the account is reported to the credit bureaus as a secured account and you will receive less benefit to your score because it is secured.
You also can qualify for a shopping card. We do not suggest these cards because they often come with large fees and only report to one credit bureau.
In sum we do suggest the Continental Finance MasterCard to anyone looking to re-establish their credit rating. This card will help by improving your ratio of debt to available credit and can build you a positive payment history.
When this card is issued it will give you an initial limit of $300. You will be able to receive semi-annual increases to your limit, with a maximum limit of $2000.
This card does report monthly to all three credit bureaus. It is frequently used as a second chance credit card.
This will help your score because it will improve your ratio of debt to available credit. In addition you can create a positive payment history by paying your monthly bill.
These two factors carry a lot of weight when your credit score is being calculated. We do encourage you to remove any derogatory items on your credit report too.
This card is unsecured which means there is no initial deposit, however because of your low credit score they will charge you an annual fee. Unfortunately this is an unavoidable cost and you will have a fee with any credit card you open with a damaged credit score.
The benefit of this card is the very low 9.75% APR. The industry standard on sub prime cards is just under 20%. Your card can be used at millions of locations across the globe.
They do offer easy approval and there are no minimum income requirements. You can still be approved for this card even with a recent bankruptcy on your credit history. They offer an online application decision within seconds of submitting an application.
This card is issued by the First Bank of Delaware. This bank has been a leader in sub prime lending for years.
With this card you will have free online account access. You will be responsible to pay your monthly bill and keep your balance below your limit.
With a sub prime credit rating your other options include a secured credit card. This is a good choice however the account is reported to the credit bureaus as a secured account and you will receive less benefit to your score because it is secured.
You also can qualify for a shopping card. We do not suggest these cards because they often come with large fees and only report to one credit bureau.
In sum we do suggest the Continental Finance MasterCard to anyone looking to re-establish their credit rating. This card will help by improving your ratio of debt to available credit and can build you a positive payment history.
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For more about the Continental Finance MasterCard or for a review of another suggested unsecured sub prime card the Tribute MasterCard visit us.
posted by Credit Counseling at
6:05 PM
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