First Premier MasterCard
The First Premier card is an unsecured credit card that is meant specifically for people who have a below-average credit rating.
It is easy to be approved for the card, but the fees are rather high. Unfortunately, however, if you have a poor credit score, it may be necessary to pay these fees in order to help rebuild your credit.
If you are interested in this card because you are hoping that it can improve your low credit score, I must tell you that it cannot fix your score. What it can do, however, is help you create a positive history of payments.
Negative items on your credit report will dramatically lower your credit score, so while they remain on your report you will be unable to achieve a good credit score.
Regardless of what people think, derogatory marks can be removed from your credit report. Therefore, it makes sense to remove these negative items from your credit report before attempting to open up new lines of credit.
To remove negative marks from your credit report, you may dispute them directly with the credit bureaus. By removing these items from your report, you may open the door to receiving a new card with lower fees or no fees at all.
Make sure you have reasonable expectations for this card: it won't fix your score. It can help, however, and positive credit lines can assist you in achieving a higher credit score. Keep in mind, though, that negative marks are much more damaging.
In these tough economic times, most financial institutions have made their approval standards must stricter. Often, a single negative item on your credit report could be the difference between being approved and not being approved.
This card carries a $250 credit limit. However, the fees associated with the card-a $95 program fee, a $48 annual fee, an $84 monthly servicing fee (deducted annually) and an account setup fee of $29-are automatically deduced from your available credit.
Considering these high fees, we think that it is more cost effective, particularly over the course of a lifetime, to improve your score by repairing and removing negative items from your credit report. This may allow you to be approved for a low-limit, no-fee credit card.
Knowing that your credit score is too low to be approved for anything better can cost you money and damage your self esteem. You are not alone, many people have bad credit, but you don't have to just live with it.
Just because you have bad credit, you shouldn't feel like a second-class citizen. Laws have been passed to help protect you from unreasonable fees. There are few words that can make a person feel better than hearing a loan officer say, "Congratulations, you've been approved!
It is easy to be approved for the card, but the fees are rather high. Unfortunately, however, if you have a poor credit score, it may be necessary to pay these fees in order to help rebuild your credit.
If you are interested in this card because you are hoping that it can improve your low credit score, I must tell you that it cannot fix your score. What it can do, however, is help you create a positive history of payments.
Negative items on your credit report will dramatically lower your credit score, so while they remain on your report you will be unable to achieve a good credit score.
Regardless of what people think, derogatory marks can be removed from your credit report. Therefore, it makes sense to remove these negative items from your credit report before attempting to open up new lines of credit.
To remove negative marks from your credit report, you may dispute them directly with the credit bureaus. By removing these items from your report, you may open the door to receiving a new card with lower fees or no fees at all.
Make sure you have reasonable expectations for this card: it won't fix your score. It can help, however, and positive credit lines can assist you in achieving a higher credit score. Keep in mind, though, that negative marks are much more damaging.
In these tough economic times, most financial institutions have made their approval standards must stricter. Often, a single negative item on your credit report could be the difference between being approved and not being approved.
This card carries a $250 credit limit. However, the fees associated with the card-a $95 program fee, a $48 annual fee, an $84 monthly servicing fee (deducted annually) and an account setup fee of $29-are automatically deduced from your available credit.
Considering these high fees, we think that it is more cost effective, particularly over the course of a lifetime, to improve your score by repairing and removing negative items from your credit report. This may allow you to be approved for a low-limit, no-fee credit card.
Knowing that your credit score is too low to be approved for anything better can cost you money and damage your self esteem. You are not alone, many people have bad credit, but you don't have to just live with it.
Just because you have bad credit, you shouldn't feel like a second-class citizen. Laws have been passed to help protect you from unreasonable fees. There are few words that can make a person feel better than hearing a loan officer say, "Congratulations, you've been approved!
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Instead we suggest the www.totalvisa.com an unsecured Bad Credit Credit Cards. For a free credit consultation call 1-800-253-3735.
posted by Debt Consolidation Loan at
5:50 AM
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