Smart Moves for You to Qualify for Unsecured Credit Cards
Today, let’s consider what bad credit consumers, like you, can do to qualify for affordable unsecured credit cards for bad credit.
Look for a co-signer. Do you have a close friend or an immediate family member who has good- to-excellent credit standing? If you do, then you can always approach him or her and ask if he/she would like to co-sign your application for an unsecured credit card. Keep in mind that the high credit score of your prospective co-signer can help compensate for your less than perfect credit rating. In fact, it can help boost your chances of qualifying for the unsecured line of credit you wish to take out.
A gentle reminder, though. Being a co-signer entails a serious responsibility. For example, your card issuer will chase after your close friend or relative in case you default on your monthly bills. And that’s not all. Your irresponsible credit habits can also inflict damage to their credit history. So, if you wish to help your friend or family member maintain their excellent credit standing then, you should resolve to stick, not just to the terms and conditions of your credit card program, but also to your payment schedule.
Scout for issuers of bad credit-credit cards. Look for firms that cater exclusively to consumers with poor or no credit history. Always remember that with such firms, there’s a greater chance that your request for a line of credit will receive approval. Still you have to look for legitimate companies that possess accreditation from the federal or state government. After all, by dealing ONLY with credible organizations, you can reduce your risk of getting ripped off by popular credit scams.
Apply for credit cards, online. Don’t limit your search for unsecured cards with nearby banks and card issuers. Instead, use the internet to locate firms that are willing to extend you a card account, despite your poor credit rating. Just make sure that you will only disclose personal details through secure websites and web pages. This way, you can avoid becoming a victim of credit fraud and identity theft.
Clean up your annual credit report. Did you know that a poor credit score cannot only be attributed to poor credit habits? In fact, some consumers received bad credit rating because of the incorrect, outdated or unauthorized transactions found in their credit reports. This is the reason why we encourage you to obtain the latest copies of your credit report and check it for errors. Try to validate each entry on your credit file by using the receipts, proofs of payment and other financial records you’ve kept. And in case you stumble upon an error, immediately report and dispute it with the bureau that issued the document. In so doing, you can prevent such item from affecting your chances of qualifying for unsecured credit cards for bad credit.
Sign up for credit repair. If all else fails then, it might be best to pay off your existing credit accounts first before applying for an unsecured card account. To succeed in this matter, you can seek advice from a finance expert who can help you find ways on how you can gradually pay off your debts. For sure, with the help of this professional you can rehabilitate your credit history and in time you can qualify and soon score an affordable credit card deal.