Tag Archives: security
Unsecured Credit Card for Poor Credit History
Even hotel reservations and plane tickets are now reserved on-line where a card is necessary in order to make the reservations successful. However, having bad score or lack of credit may give you a hard time obtaining a card. The good news is there are cards that are designed especially for people who are in tight situations such as those described previously. Card issuers have designed this card to have higher rates and some are with additional fees but they are meant to give an opportunity for people to build or improve their score.
One option when applying for a card is to take secured cards. These types of cards are not particular to history. The reason for this is that you are required a security deposit of an amount usually between $100 and $500 before you are allowed to make any purchase with your new line. This security deposit determines your limit. The best thing about this is that if you encounter problems with regards to paying your bill, the deposit will cover your obligation so that your debt is secured.
Having a secured card does not appear like a real line of credit but it does help you establish or rebuild your history because all your activities concerning credit will be reported to the three major bureaus. Some other advantages of having secured cards include: 1. up to 4.5% of the interest may be paid on the deposit; 2. merchants give high regard for cards that have MasterCard or Visa logo on them; 3. some issuers give you double the amount deposited as your limit; and 4. if youve proven your ability to handle your monthly bill, your limit may be increased minus the additional charges.
Your second option is to apply for unsecured cards. This type of card does not require a security deposit and the limit and interest rate are dependent on your history. If you have poor or no history then you will most likely not land an unsecured card. There are cards that are instantly approved through on-line application where no security deposit is required. However, higher interest rates and some additional fees will be asked from you.
Now, if you have bad credit or none at all what you can do is to try the unsecured card first. If your application gets approved, not only will you have avoided shelling out for security deposit but you will also have a “true” line of credit. If you are denied an unsecured card, most issuers will give you the option to apply for a secured line. It is best if you try for an unsecured line before agreeing to take a secured line. That is, you take the latter if there is no other option left to take.
Cheap unsecured loans: Affordable loans without credit check
Cheap unsecured loans are best and ideal to get the cash at hard times. This mortgage is cheap and everyone knows that why it is cheap because it does not demand any security attachment. Many times borrower feels hesitate to place the assets to get the cash to fulfill the urgent needs.
Here are some benefits of these mortgages:
Most important benefit of these finances is that the applicant does not have to pledge any collateral to get the fast cash;
Those who are bad credit holders can easily apply for such mortgages;
Applicant can get the fast cash within without any formalities;
Cash advance can be availed through online procedure within 24 hours of application;
No formalities are required by the lenders like faxing and all;
Repayment terms are flexible with easy installments;
Approval is fast and one can apply for the mortgage through other sources as well like banks and institutions, etc.
Cheap unsecured loans are loans which do not require any collateral from the applicant and can be availed easily through online method. Because of the absence of the security these finances are risk free. Online method saves the time and money of the applicant as it is hassle free and cost free as well. There are no formalities involved like faxing of the documents and lengthy paper work. Applicant can get fast cash within 24 hours of application by providing essential details on the online application form such as name, age, contact number, address proof, account number, gender, etc. Online application takes less time to approve and applicant can enjoy the benefits easily and can solve the monetary problems on time.
Here, the repayment term is flexible with easy installments. Rate of interest is a bit high due to the absence of security. One can avail the cash ranges from £1000 to £25000. These mortgages are open for the bad credit holders as well such as CCJs, IVA, arrears, foreclosures, defaults, bankruptcy, insolvency, missed payments, late payments, etc. Applicant can use the cash anywhere according to the needs and choice. Due to the lack of security at cheap unsecured loans one can enjoy the benefits in full swing.