Total Visa Card
The Total Visa was designed for individuals with a low credit score. It is an unsecured card.
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 large part of your score. Additionally another big piece is your utilization ratio.
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.
They estimate that your utilization ratio and payment history make up to 80% of your score. It will help if you have unused credit.
It is also important to remove derogatory items from your report this will help with showing a positive payment history.
Your card will have an initial $250 limit and a 19.92% APR. It is issued by Plains Commerce Bank and has 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.
With our current economic conditions there has been a wave of good credit cards raising their APR's to 20% and higher. They have been doing this without cause, meaning the customer did not pay late.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
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.
This is why we think it is important for you to look at your budget and what you can comfortably afford to spend before you apply for any new 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 large part of your score. Additionally another big piece is your utilization ratio.
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.
They estimate that your utilization ratio and payment history make up to 80% of your score. It will help if you have unused credit.
It is also important to remove derogatory items from your report this will help with showing a positive payment history.
Your card will have an initial $250 limit and a 19.92% APR. It is issued by Plains Commerce Bank and has 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.
With our current economic conditions there has been a wave of good credit cards raising their APR's to 20% and higher. They have been doing this without cause, meaning the customer did not pay late.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
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.
This is why we think it is important for you to look at your budget and what you can comfortably afford to spend before you apply for any new credit.
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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 Debt Consolidation Loan at
12:40 PM
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