The credit is bad. Maybe you have a certain number of unpaid bills haunting your past. Maybe you declared bankruptcy in the past 10 years, or default on a student loan.
All the above can block access to obtain a credit card, such as Visa or MasterCard.
But bad credit is not the only reason why you may be denied a credit card. Some people just never used credit. Those who preferred to pay in cash only, have never financed a car, got a college loan, or a mortgage may have no credit history. In this case, most card companies will reject your application, not because you have bad credit - but because you do not have a credit rating.
Many women who marry young and are doing their loan in the name of the husband are often without credit after they are widowed or divorced. Thousands of women have been denied loans and credit cards on this basis.
Other people carry too much debt to qualify as a good risk. If you have a car loan, a student loan, a mortgage, two or three - the cards, and "difficult to give another credit card.
But in all cases and all the above, you can still get a credit card. No matter how your bad credit, and even if you declare bankruptcy, you may still be issued a visa or MasterCard with a limit as high as $ 5,000, if you know the right company to call, and how to make your request.
We will reveal these card companies and the ways you can get a Visa or MasterCard card far in this report, but first, let's talk about some of the other things you really should know about credit cards including annual fees, interest rates, credit reports and more.
your rating
How do credit card companies decide if you are a good credit risk or a bad credit risk? Well, that's the sort of thing Big Brother. There are several large agencies in America that reproduce the loan and buying behavior of nearly every American who has borrowed money at one time or another.
The four major credit rating agencies are:
CSC Credit Service (phone: 800-392-7816)
TRW Information Sys. (Phone: 800-392-1122)
Equifax: (phone: 800-685-1111)
Trans Union Corp. (Phone: 800-851-2674)
When you send a request for a credit card, the card company contact one of the agencies listed above, pull the file, if one exists, and let the company know if you have bad credit in your background. .
Also you can to see Top Ten Credit
If you have never borrowed money or credit of any kind, your name will not appear in the database of one of them. If you have, there will almost certainly information about you. If you have less and less to a bill, or moved away from the debt, that information will be available. If you have never defaulted on a loan, but you have made infrequent late payments, which is recorded, too, and it goes against your credit rating.
