Gold Horizon Credit Cards
The Horizon Gold Card is an unsecured shopping card. Unlike most credit cards, it is only accepted at a designated Web site.
Because this card reports to one of the major credit bureaus, individuals who have low credit scores may apply for this card.
Approval is guaranteed, although they do run a credit check. No employment verification or minimum incomes are required.
The card will be issued with a credit limit of $500, and there are application and monthly fees charged as well.
However, because this card is accepted at only one location, we have considerable doubts regarding the quality of the goods sold on this site.
In addition, there is the possibility that they could manipulate the prices for the goods that they sell. They also charge a processing fee for every purchase.
Because the card only reports to one of the three credit bureaus, this card can only help one of your credit reports. If a potential lender does not check the report for that specific bureau, then having the card will make no difference in terms of your credit score.
It is a wise decision to take steps to improve a low credit score. However this step is not one we suggest.
Instead you should get a secured credit card. It will also guarantee approval and will report to all three bureaus.
A secured credit card is accepted everywhere. You will be required to secure the card with an initial deposit, but as long as the account is closed on good terms, your deposit is fully refundable.
Positive reporting credit accounts are certainly important, but removing negative marks from your credit report is the most successful way of improving your credit score.
It is widely believed that negative items must stay on your credit for seven long years. This is completely false!
In fact, every derogatory item can be removed from your credit report. You do not just have to live with bad credit and the high costs associated with it.
Congress has passed legislation, the Fair Credit Reporting Act, which protects you and your credit report from dishonest collection agencies and lenders. This act says that a negative mark may remain on your report for a maximum of seven years.
However, no mention is made of a minimum amount of time. In addition, there may be mistakes and inaccurate information on your credit report. In fact, it is believed that one-quarter of the population have incorrect items on their credit reports that could be costing them a lot of hard-earned money in higher interest rates.
To conclude, we do not recommend the Horizon Gold shopping card, we suggest getting a secured credit card instead. Also keep in mind that you do not need to live with a poor credit score. It is your right to contest derogatory items on your report and have these marks removed.
This will do the most to improve your score and provide you and your family with a higher quality of life. Additionally there is not a better feeling that knowing you will be approved for a new credit line.
Because this card reports to one of the major credit bureaus, individuals who have low credit scores may apply for this card.
Approval is guaranteed, although they do run a credit check. No employment verification or minimum incomes are required.
The card will be issued with a credit limit of $500, and there are application and monthly fees charged as well.
However, because this card is accepted at only one location, we have considerable doubts regarding the quality of the goods sold on this site.
In addition, there is the possibility that they could manipulate the prices for the goods that they sell. They also charge a processing fee for every purchase.
Because the card only reports to one of the three credit bureaus, this card can only help one of your credit reports. If a potential lender does not check the report for that specific bureau, then having the card will make no difference in terms of your credit score.
It is a wise decision to take steps to improve a low credit score. However this step is not one we suggest.
Instead you should get a secured credit card. It will also guarantee approval and will report to all three bureaus.
A secured credit card is accepted everywhere. You will be required to secure the card with an initial deposit, but as long as the account is closed on good terms, your deposit is fully refundable.
Positive reporting credit accounts are certainly important, but removing negative marks from your credit report is the most successful way of improving your credit score.
It is widely believed that negative items must stay on your credit for seven long years. This is completely false!
In fact, every derogatory item can be removed from your credit report. You do not just have to live with bad credit and the high costs associated with it.
Congress has passed legislation, the Fair Credit Reporting Act, which protects you and your credit report from dishonest collection agencies and lenders. This act says that a negative mark may remain on your report for a maximum of seven years.
However, no mention is made of a minimum amount of time. In addition, there may be mistakes and inaccurate information on your credit report. In fact, it is believed that one-quarter of the population have incorrect items on their credit reports that could be costing them a lot of hard-earned money in higher interest rates.
To conclude, we do not recommend the Horizon Gold shopping card, we suggest getting a secured credit card instead. Also keep in mind that you do not need to live with a poor credit score. It is your right to contest derogatory items on your report and have these marks removed.
This will do the most to improve your score and provide you and your family with a higher quality of life. Additionally there is not a better feeling that knowing you will be approved for a new credit line.
About the Author:
Instead of the Horizon Gold Credit Card we suggest the prepaid credit card the Account Now Visa. For a free credit consultation call 1-800-253-3735.
posted by Credit Counseling at
6:58 AM
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