The reason people look for an easy to get credit card usually is because they have no, bad, or poor credit. Sometimes it is because they have filed for bankruptcy. You are probably finding it difficult to build up your rating again. Due to your past history the major reason for your difficulty is that most of the major companies will not offer you a card or other loan. There are a few things that you can do in order to lessen the effect of a bad history has on it now, but one of those options (waiting until it is no longer on your credit report) is not a good idea if you need a credit card now.
People that seek credit card debt relief would like to have lower payments so they can enjoy things in life. If you’re in a situation where you are over your head in charge card bills, it is likely you won’t be able to obtain unsecured credit until you clear up this situation. High unsecured debt can make it expensive to finance cars other items. You may be able to get credit a loan but you will pay a hefty price for it.
We can request a copy of our credit file for free from the major credit reporting agencies – Veda Advantage, Dun & Bradstreet or Tasmanian Collection Services (if we are Tasmanian). This will be provided within 10 working days – or for a fee it can be provided urgently.
Use that card. Use it a little, use it a lot, it doesn’t matter. What’s important is that you pay off the balance on time and every time! This is extremely important. If you don’t do this, then you’re better off never getting the card in the first place. With online bill pay features it may be tempting for some to pay off the card after every other transaction. Don’t do this. Let the balance sit until the end of the month, and then pay it. What you’re doing here is establishing a Max credit score score. If you never carry a balance, you won’t be able to establish a score. That’s why waiting until the end of the month to pay it off is important.
You can use your secured card to repair your credit score. The secret is to keep your credit card spending low, and keep making high payments. A low balance on your card looks good on your credit. If you do not use your card though, then that does nothing for you. You should budget a certain amount that you will spend on your card each month. Then pay off the balance as quick as you can. If you can’t pay it off, then keep your balance low and make your payments when they are due.
First thing you want to do is start building a credit history. Having a payment history is one of the main elements of a credit score. The next main element is paying your bills on time. Being late on your payments can drop your score dramatically.
As you can see there are simple steps you can take on your own to achieve the results you are looking for. If you don’t have the time and energy or you want a professional to dispute the derogatory items on your credit report for you, then I urge you take action and get started today!