Total Visa
The Total Visa is an unsecured credit card. It has been designed specifically for those with a low credit score.
It will report to the major credit bureaus. You can start to build a positive payment history by making on time monthly payments.
This is a heavily weighted factor in your credit score. Additionally your utilization ratio is another large determining factor of your score.
This ratio compares the amount of available credit you have versus the amount of debt you have. It is how the bureaus determine if some one can afford more credit.
It will help your score if you can show available credit. It is estimated that these two factors account for up to 70% of your credit score.
It is also important to remove derogatory items from your report this will help with showing a positive payment history.
This card is issued by the Plains Commerce Bank a member of the FDIC. It has an initial credit limit of $250, and a 19.92% APR. There is an annual fee of $48.
The cash advance APR is 19.92%, in case of a financial emergency. You will be eligible for quarterly limit increases.
Recently good credit cards have been raising their interest rates even with customers that are paying on time. These rates have been jumping as high as 28%, without cause.
Congress has responded and made new laws to prevent this in the future. However these laws will not go into effect until 2010. Additionally we have seen lower limits and much more stringent approval requirements.
This card will give you free online account access and fraud protection. It is accepted everywhere you see the visa logo displayed.
If you are able to use your card responsibly it can help a low score. However it can also harm even a low score with irresponsible use.
You should really look at your current expenses and income and decide if you really should take on a new line of credit.
It will report to the major credit bureaus. You can start to build a positive payment history by making on time monthly payments.
This is a heavily weighted factor in your credit score. Additionally your utilization ratio is another large determining factor of your score.
This ratio compares the amount of available credit you have versus the amount of debt you have. It is how the bureaus determine if some one can afford more credit.
It will help your score if you can show available credit. It is estimated that these two factors account for up to 70% of your credit score.
It is also important to remove derogatory items from your report this will help with showing a positive payment history.
This card is issued by the Plains Commerce Bank a member of the FDIC. It has an initial credit limit of $250, and a 19.92% APR. There is an annual fee of $48.
The cash advance APR is 19.92%, in case of a financial emergency. You will be eligible for quarterly limit increases.
Recently good credit cards have been raising their interest rates even with customers that are paying on time. These rates have been jumping as high as 28%, without cause.
Congress has responded and made new laws to prevent this in the future. However these laws will not go into effect until 2010. Additionally we have seen lower limits and much more stringent approval requirements.
This card will give you free online account access and fraud protection. It is accepted everywhere you see the visa logo displayed.
If you are able to use your card responsibly it can help a low score. However it can also harm even a low score with irresponsible use.
You should really look at your current expenses and income and decide if you really should take on a new line of credit.
About the Author:
For more about the Total Visa Card or for a free credit repair consultation visit us or call 1-800-253-3735, or for a review of the popular prepaid Rush Card www.rushcard.com.
posted by Credit Counseling at
10:29 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home