18 January 2014
Need Better Credit Getting An Easy Qualify Credit Card Might Be The Answer
John is the average American. He works to support his family and to pay bills. His credit score is similar to millions of people across the United States, mediocre. John wants to improve his credit and repair damage that was done during his earlier credit years. He's looked into various options including credit counseling, opening another easy qualify credit card and even considering working with companies that promise to quickly fix his credit score. He does not want to be in debt the rest of his life, yet at the same time, he would really like to restore his credit rating. How can John accomplish this?
If you can relate to John, there are solutions to your debt problems. Re-establishing your credit, isn't as difficult as you may think. However, it will take some effort to make it happen properly. Significantly, you must understand that repairing credit or building credit is not a fast process. You should never trust someone that ensures they can build or repair your credit quickly. You also want to be certain that you don't accrue more debt, while you are in the process of eliminating your debt.
Trying to re-establish your credit will require you to concentrate on your history. What exactly does this mean? You can establish credit by opening up a bank account and obtaining a debit card. Although debit card transactions are not reported to credit reporting agencies. Even with a bank account and debit card being a starting point to establishing credit, it can be a gradual process. To move the process along quicker, you will need to open up a credit card account. It is your open credit card account that is reported to the credit bureaus and this should help you re-establish your credit if handled accordingly.
If you believe you won't qualify for a credit card, not to worry, there are numerous credit card companies who want your business. In fact, there are plenty of websites and companies out there that offer easy qualify credit cards or cards you use your own money to fund. These are cards that anyone with good or bad credit can apply for to establish new or to restore their credit.
Still, make sure you study the fine print closely. Be aware of any fees that you will be responsible for as well as the interest rate that you will be responsible for paying. With so many options out there, you might be able to find something that has a low interest rate, no annual fee and no other fees attached to opening the account.
Lastly, if you plan on making purchases with the credit card, be prepared to pay them off on time. Think of your credit card the same way you regard cash in your wallet. Wisely, take that cash and send it to the credit card company to pay off what you just purchased. This will allow you to establish good credit by paying off your account in full with every purchase, while getting into the habit of making payments early or ahead of time, that will help you in the long-term. You can prevent a potential financial burden from occurring.