How Can I Qualify for an Unsecured Credit Card?

How Can I Qualify for an Unsecured Credit Card?

A lot of consumers today are aware that it is very difficult for consumers with bad or no credit history to qualify for an unsecured credit card. Still, there are tips that can help improve your chances of scoring an excellent card deal. To know more about them, we suggest that you read the remainder of this post.

3 Tips for Unsecured Card Applicants

Clean up your report.

Some consumers think that their bad credit scores can only be attributed to their poor credit habits. However, you should not discount the fact that the errors in your credit report can also pull your rating down. In fact, they can drive away prospective card issuers and limit your chances of qualifying for an unsecured cards for bad credit program.

This means that it is very important that you clean up your credit file before you shop and apply for credit cards. To do this, we suggest that you order copies of your credit report from the three major bureaus – Equifax, Experian and TransUnion. You can submit your request by calling up the hotlines of the three credit bureaus, by sending it through registered mail, or by filing it in www.annualcreditreport.com – the only accredited site used for distributing credit reports to consumers.

And as soon as you receive the documents, find time to examine them. In case you stumble upon outdated credit accounts, incorrect payment records, fraudulent charges and negative items that are past the statutes of limitations applicable to your state then, you have to dispute them, right away. Write and send a credit dispute letter to the firm that issued your report. After doing so, wait for the employees of the firm to investigate your claim. If they find out that your claim is valid then you will soon receive an updated report that you can use in applying for the unsecured credit cards for bad credit you wish to take out.

Take out lines of credit from online issuers.

It might not be wise to approach banks and credit card companies, especially if you have bad credit. After all, most of these organizations are hesitant to extend lines of credit to consumers with less than perfect credit standing. Instead, we recommend that you scout for online card issuers that can give you affordable credit card programs, regardless of your low credit score.

Just make sure that you will only strike deals with legitimate and government-accredited issuers. By doing so, you can protect yourself from popular schemes and machinations used by scam artists to rip off consumers, like you.

Apply for an unsecured credit card with your credit union.

If you are an active member of a credit union then why not approach the officials of your organization and ask for an unsecured card program? After all, your membership alone can ensure the approval of your credit card application – no matter how low your credit score might be.

Just be picky with the credit programs that will be offered to you. This way, you can improve your chances of getting a credit card that will perfectly suit your needs, spending habits and most importantly, your budget.