• Tips on Getting a Guaranteed Approval Credit Card

Being stuck with bad credit or having a low credit score can seriously limit your choices when it comes to financial matters. You may find it hard to get the best deals from lenders or find a credit card that will give you an approval.
In connection with this, how can guaranteed approval credit card for bad credit help you? If you currently have bad credit, should you get a guaranteed approval credit card? Here are important points to consider.
Not all guaranteed approval credit cards are the same. Just like with standard credit cards, not all instant approval cards offer the same terms. More importantly, not all impose the same charges. Some guaranteed approval cards may charge excessive rates while others can ask for reasonable interest rates from their clients. To get the best deal, you need to exert some effort in researching and studying your options.
Guaranteed approval cards can improve your credit. Getting a guaranteed approval credit card can be a stepping stone to help you rebuild your credit and improve your score. All it takes is keeping your charges within your credit limit and submitting your payments promptly at all times. After a certain period, you’ll find your credit status significantly improved.
The interest rate isn’t the only fee on the card. Again, don’t be too focused on the interest rate of the credit card. Some guaranteed approval credit cards may offer attractively low interest but impose unreasonably high annual fees and penalties. When comparing your choices, be sure to compare all the rates and costs that are associated with your credit card.
Not all guaranteed approval credit cards report to the major credit bureaus. Do all instant approval cards report to the credit bureaus? The answer is no. If you don’t check on this particular feature, you may end up with card that doesn’t provide this service. Remember, if you want to start improving your credit score, you should only get a guaranteed approval credit card that updates with the three major credit bureaus.
Owning a guaranteed approval credit card is just the first step. To improve your credit score, it is not enough just to own an instant approval card. It is important that you use your credit card regularly. Nevertheless, you should be aware of your expenses.
Pay off your new credit card balances in full. Be careful not to charge an amount on your credit card that you can’t pay back in full by the end of the month. Don’t be content with submitting only the minimum payment on your card. It is a must that you pay off your balances completely each month.
Never underestimate the value of reading your contract. Some credit card applicants skip on the card’s terms and conditions. Others merely scan through the contract. Keep in mind that guaranteed approval credit cards grant easily approval. To avoid binding yourself to unreasonable conditions, be diligent enough to read and understand each statement in your credit card’s contract.
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Auto Financing Tips for First Time Car Buyers

You would be looking to buy a vehicle if you have just started with a new job or college. And for anyone his first car is one of the precious purchases of life, especially if you have taken it independently. But unfortunately for the student or first time car buyer who have limited or no credit history getting an automobile with cash is not possible while it gets tough; even to secure auto finance.

Hence online subprime lender recognizes your automobile needs and offers new vehicle financing for the first time buyer who have just started to build credit, but desperately need a car. Those who cannot afford high priced new car there are options available to get a used car loan with zero credit from either a private party or dealership.

First car loan can be the best way to build or rebuild your credit history as the loan stay on your credit report for more than a year if paid consistently. Besides, you would get approved easily on this automobile loan with lower rates as the vehicle acts as a security. And in case of default, the creditor has the right to reposses the vehicle and sells it to regain the borrowed money. So the lender poses less risk and ready to give you a chance to opt for the loan.

Well the major concern which comes while applying for car finance is cosigner, especially for college students or first time buyer who are trying to stand on their feet and have no one to cosign. However, now there are a lot of lenders who also provide no cosigner auto loan for the first time buyer which enable you to get your dream vehicle independently.

One another way to obtain an auto loan with bad credit history is to get pre-approved. Pre-qualifying for auto finance helps you to eliminate the pressure of financing from dealer and paying large down payment to get a lower interest rate or getting your dream car.

Hence, for those first time car buyers who are looking to purchase a new or used vehicle with bad or zero credit history, a first time buyers auto loan can be the excellent way to build a solid credit history. And, with subprime lenders having an online presence can offer you low rates with guaranteed approval through the nationwide network of thousands of lenders even with no credit or poor credit.

5 Tips for Improving Credit Scores

From lower loan rates to higher employment opportunities, a good credit score can translate into greater savings and more career opportunities. One of my top goals is to improve my credit score. Even insurance companies are using credit scores to determine rates. Therefore, I'm collecting data and insights about how to improve credit scores.

CCCS offers these tips for raising credit score:

"1. Pay your bills on time, at least five days before the due date. Being late one month and current the next won't help your credit score; you have to always pay by the due date. Be aware that paying off a collection account, or closing an account on which you previously missed a payment, will not remove it from your credit report.

2. Whenever possible, pay your balance due at the end of each month. If you do carry a balance, try to keep the difference between your credit limit and your balance below 50%. For example, if you have a credit limit of $1000, keep your balance at $500 or below.

3. Pay the most that you can on your debt instead of transferring balances from one credit card to another. You may have heard "do not close credit cards" or "close the credit cards that you are not using." Both actions could raise or lower a credit score depending on your personal situation.

4. Check your credit report regularly to ensure that there are no items that are not yours. You can also spot if there are errors or if someone is trying to use your information to get credit, which may be an indicator that you are the victim of ID theft. You are entitled to one FREE copy of your credit report each year from each of the three bureaus. Visit www.annualcreditreport.com for details.

5. Apply for and use credit only as you need it. Don't apply for cards you don't need as a way to increase your score. If you have only been managing credit for a short period of time, do not open too many accounts quickly.

"Raising your score by just a few points can save you hundreds, or even thousands of dollars over the life of a loan. said Jessica Cecere, president of Consumer Credit Counseling Service (CCCS) of Palm Beach County and the Treasure Coast."