Continental Finance MasterCard - Review
The Continental Finance MasterCard is an unsecured sub prime credit card. This means that this card is designed specifically for individuals with a low credit score.
Your card will be issued with an initial credit limit of $300. However you will be able to received semi-annual credit limit increases, with a maximum limit of $2000.
You account will be reported monthly to all three credit bureaus. This will give you an opportunity to rebuild your credit score.
This card can help your credit score because by paying your monthly bill you will create a positive payment history. In addition by opening this account it will improve your ratio of credit to debt.
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 that you do not have to put a deposit down. However you will have to pay an annual fee. This is typical with sub prime cards.
It does offer 9.75% APR, which is well below the standard 19% APR that most sub prime credit cards offer. It is accepted at millions of locations worldwide.
There is an easy approval process, and can be used by people with a bankruptcy on their credit history. You will get the results of your application with seconds of completing it online.
This card is issued by the First Bank of Delaware. This bank has a long history of lending in the sub prime market.
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.
Your other option for a credit card with a damaged credit score is a secured card. However this card is reported as a secured line of credit to the bureaus which will help your score but not as much as an unsecured account.
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 Card to anyone looking for a second chance with credit. You can use this card to re-establish your credit score and build positive credit because it will improve your ratio of debit to available credit and can create a positive payment history.
Your card will be issued with an initial credit limit of $300. However you will be able to received semi-annual credit limit increases, with a maximum limit of $2000.
You account will be reported monthly to all three credit bureaus. This will give you an opportunity to rebuild your credit score.
This card can help your credit score because by paying your monthly bill you will create a positive payment history. In addition by opening this account it will improve your ratio of credit to debt.
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 that you do not have to put a deposit down. However you will have to pay an annual fee. This is typical with sub prime cards.
It does offer 9.75% APR, which is well below the standard 19% APR that most sub prime credit cards offer. It is accepted at millions of locations worldwide.
There is an easy approval process, and can be used by people with a bankruptcy on their credit history. You will get the results of your application with seconds of completing it online.
This card is issued by the First Bank of Delaware. This bank has a long history of lending in the sub prime market.
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.
Your other option for a credit card with a damaged credit score is a secured card. However this card is reported as a secured line of credit to the bureaus which will help your score but not as much as an unsecured account.
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 Card to anyone looking for a second chance with credit. You can use this card to re-establish your credit score and build positive credit because it will improve your ratio of debit to available credit and can create a positive payment history.
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For more about the Continental Finance MasterCard or for a review of a suggested secured card the Orchard Bank MasterCard visit us.
posted by Debt Consolidation Loan at
3:17 AM
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