How to Boost Your Chances of Qualifying for a Credit Card

How to Boost Your Chances of Qualifying for a Credit Card

In this presentation, we have enumerated several tips that can help improve your likelihood of getting the line of credit you need – even if you have bad credit standing. Here are 5 great tips for credit card applicants.

Manage a secured credit card, ďŹ rst.

Did you know that you can eventually qualify for an unsecured credit cards for poor credit by responsibly managing a secured line of credit? After all, secured credit cards are perfect tools that help consumers gain back control over their spending habits.

These card programs are well-known for their low spending limits – a feature that will surely discourage consumers from buying on impulse as well as from indulging in lavish, yet unimportant shopping sprees. In fact, a lot of consumers were able to rebuild their credit history simply by using secured credit cards. In time, the good credit habits of these consumers helped them convince card issuers to approve their requests for unsecured credit cards. So, why don’t you do the same?

Clean up you annual credit report.

Always remember that having erroneous and outdated entries in your credit report can also ruin your chances of qualifying for a credit card. So it is very important for you to order and clean up your report before you start shopping and applying for a credit card for bad credit.

To do so, you need to sit down and examine all the transactions listed on your credit ďŹ le. Look for receipts and proofs of purchase that can help validate each credit account or payment record. In case you stumble upon an unauthorized charge or an incorrect item, immediately write and send a letter of credit dispute to the bureau that issued your report. That way, the employees of the ďŹ rm can investigate your claim and perform the necessary adjustments on your credit records, especially when they discover that your credit dispute is valid.

Have a co-signer.

In some cases, having a co-signer – either a close friend or an immediate family member - can help boost your chances of scoring a unsecured credit cards for poor credit deal. This is especially true if your chosen co-signer has excellent credit standing. After all, the high credit score of your friend or relative can help pull up your rating and thus increase your likelihood of qualifying for a card program.

Look for issuers of credit cards for bad credit.

To ensure the approval of your credit card application it would be best if you can locate issuers that cater exclusively to consumers with poor credit standing. After all, with such ďŹ rms, you will most likely receive the line of credit you need.

Still, you should be very careful in dealing with companies that are not accredited by the federal or state government. Keep in mind that by doing business with such ďŹ rms you are at a great risk of becoming a victim of credit fraud or identity theft.

Apply for credit cards online.

Online ďŹ rms are among the most popular sources of bad credit-credit cards.

This is because internet lenders and card companies are known to grant immediate approval to card applicants, regardless of their credit standing.

A gentle reminder, though. It is never safe to sign up for a card program without running background checks on your target issuers. So, take the time to research on your chosen ďŹ rms before you decide to ďŹ ll out and submit online application forms.