The Total Visa is a bad credit unsecured card. It was designed for individuals with blemishes on their credit report.
It will report to the major credit bureaus. You can start to build a positive payment history by making on time monthly payments.
This is very important when your score is calculated. Your utilization ratio will determine another large part of your score.
This compares the amount of debt you have versus unused credit. It is how the bureaus determine if you can afford a new credit line.
It will help your score if you can show available credit. It is estimated that these two factors account for up to 70% of your credit score.
Removing negative credit should still be a priority and that will help improve your payment history.
Your card will have an initial $250 limit and a 19.92% APR. It is issued by Plains Commerce Bank and has an annual fee of $48.
The cash advance APR is 19.92%, in case of a financial emergency. You will be eligible for quarterly limit increases.
As of late, we have seen a rise in interest rates. This has been happening to customers that have never paid late, their rates have jumped to 20% and higher.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
With your card you will have free online account access and fraud protection. It is accepted everywhere Visa is.
If you are able to use your card responsibly it can help a low score. However it can also harm even a low score with irresponsible use.
You should really look at your current expenses and income and decide if you really should take on a new line of credit.
It will report to the major credit bureaus. You can start to build a positive payment history by making on time monthly payments.
This is very important when your score is calculated. Your utilization ratio will determine another large part of your score.
This compares the amount of debt you have versus unused credit. It is how the bureaus determine if you can afford a new credit line.
It will help your score if you can show available credit. It is estimated that these two factors account for up to 70% of your credit score.
Removing negative credit should still be a priority and that will help improve your payment history.
Your card will have an initial $250 limit and a 19.92% APR. It is issued by Plains Commerce Bank and has an annual fee of $48.
The cash advance APR is 19.92%, in case of a financial emergency. You will be eligible for quarterly limit increases.
As of late, we have seen a rise in interest rates. This has been happening to customers that have never paid late, their rates have jumped to 20% and higher.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
With your card you will have free online account access and fraud protection. It is accepted everywhere Visa is.
If you are able to use your card responsibly it can help a low score. However it can also harm even a low score with irresponsible use.
You should really look at your current expenses and income and decide if you really should take on a new line of credit.
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For more about the Total Visa or for a free credit repair consultation visit us or call 1-800-253-3735, or for more about Credit Card Applications.
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