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Build Credit History With The Public Savings Bank Secured Visa

Sills — Fri, 18 Jun 2010 15:38:27 +0000

Build Credit History With The Public Savings Bank Secured Visa

by Anthony Sills, M.B.A.

For individuals with no credit or those who have experienced a negative credit event like divorce or foreclosure, establishing credit history can be a real challenge. Without proper credit, everything from a car loan to an apartment or even a job can be denied.

All applications are accepted!
When faced with problem credit, many people rely on prepaid cards to manage their daily expenses. However, prepaid cards simply provide access to your own money, not credit from a lender. These cards do not report to credit bureaus and do not help re-establish credit history. People need to demonstrate on-time monthly payments on a credit card in order to rebuild that important credit history.

So how can someone who cannot get a credit card rebuild their credit?

The Public Savings Bank Secured Visa offers people with low credit or no credit the opportunity to re-establish their credit history and work towards improving their credit score. Individuals make a deposit into an FDIC-insured account that acts as a security deposit. They can then make purchases anywhere Visa is accepted or take cash advances up to the deposited credit line amount, currently between $300-$2000. Payments are reported to all three major credit bureaus (TransUnion, Experian and Equifax) so customers can begin to establish credit immediately.

The Public Savings Bank Secured Visa does not require a credit check or even a checking account to apply. Customers can fund their account via Western Union, ACH, wire transfer, check or money order. The card has no annual or monthly fees, and offers 0% APR for 6 months. Rush shipping is available so customers can begin using their card just days after funding their account.

Building good credit is critical at a time when credit is getting harder to obtain. This card allows the customer to build good credit while enjoying all the benefits of a Visa card at very favorable terms.

Prospective cardholders can apply at www.publicbankcard.com and be approved within a few hours.

Public Savings Bank is not offering a prepaid card! THEY REPORT TO ALL 3 MAJOR CREDIT BUREAUS! This is a regular Visa card that can be used anywhere Visa is accepted. Unlike prepaid cards and some other secured credit cards, this card build credit history that counts! Public Savings Bank is an FDIC insured bank located outside Philadelphia. They also offer:

•Free 24-hour online account access and bill payment • Benefits include travel and car rental insurance • Zero liability for fraud • Free emergency card replacement

MORE BENEFITS:

•3-bureau credit reporting • 0% APR for 6 months • No annual or monthly fees • Low $300 minimum deposit • No credit check or credit inquiry • 25 day grace period This a great tool for building credit history that counts, unlike some other prepaid and secured cards.

All applications are accepted!

Bad Credit Debt Consolidation – Revive Your Credit Rating & Financial Standing

Asheesh Mani — Fri, 18 Jun 2010 00:10:26 +0000

Bad credit debt consolidation is meant for those people, who not only are burdened with debit, but have poor credit ratings as well. Often, people who have multiple loans become susceptible to poor credit score. The reason is somewhat obvious. Multiple arrears or loans are always difficult to manage and most people fail in paying the installments as per schedule. This invites imposition of late payment fees and, additionally, damages the rating. For this reason, people having multiple cards/debits/loans often have poor scores.

The Process:

Fundamentally, bad credit debt consolidation is quite similar to debt consolidation. You take out a consolidated loan for the total amount of debt you owe to different companies. With this loan amount, you pay off your complete liability in one go. Having settled your multiple arrears, you set about paying off your consolidated loan in convenient monthly installments. The financial experts employed by the company you deal with, make sure that the repayment period is such that you bear the minimum possible burden of your debit every month. Now, here consolidating your debt in this manner has dual benefits. First of all, repaying your debit becomes much more simple for you. You get a definite and almost fail-proof plan to repay your consolidated debt. Secondly, your credit report now reflects complete repayment of multiple loans. This coupled with the fact that you are making timely payments toward your consolidated loan, brings about considerable improvement in your score. So how is consolidation of overdue amount different for people having bad credit?

Understanding The Variation:

What makes consolidation different for a person having poor credit is the difference in interest rates. People having good rating can easily expect to get interest rates as low as 6%-7% on their consolidated loans. However, people having poor rating will have to make do with interest rates in the range of about 10%-12%. And that too, as consolidation loans, are secured ones. Still, people feel that interest rates in this range are good enough to avail these loans. However, interest rates vary from one company to another. It’s crucial, therefore, to make all out efforts to find the debt consolidation company offering competitive rates. Moreover, remember, the idea of free debt consolidation help is limited to free counseling sessions, in case of consolidation for people having bad credit too. Also, if you are in such a tricky situation, it’s better to seek the help of professionals having the necessary expertise to guide you appropriately.

Bad credit debt consolidation can pull you out of your debt as well as mend your poor credit. However, it’s vital to find the right debt consolidation company. Instead of looking for free debt consolidation help, it’s better to pay reasonable amounts to good companies. For more information visit best credit card debt consolidation.

Author: Asheesh Mani
Article Source: EzineArticles.com
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