If you have bad credit, and want to get the best credit cards, actually there’s a way! though I am not saying it would be easy since many company don’t wanna make business with bad People!(oops) I mean bad credit!
Most of credit card company actually prefer with people with good credit! the reason simply because low risk business! but some company targeting market to people that have bad credit! but no matter what! that company will not give you any advantages to use their credit cards! at least most of them already suspicious to you, from the first beginning! 😉
don’t trust me ? see their APR! credit cards company that allow people with bad credit most of the times, have ridiculous APR! e.g 30% or 36% imagine if you can’t pay your debt ? yep! in just less than 3 year, your debt will be 2 times! secondly, their credit limits! most of them will give you low credit line! such as $500, $1000 or something like that! meanwhile their annual fee for cards are about $150! 😉 what you think about that ? yep! it’s a fcking Joke! limit $500, annual fee $150 😛 yeah right! in short unless it’s not to urgent don’t apply with cards that have low limits, and high annual fee!
I know what they doing, and why they do that! basically to minimize their risk! because we all know bad credit mean, you have problems dealing with debt management! in short bad credit mean bad people! 🙂 but here my suggestion, if you don’t want to deal with this kind of company!
First of all, there’s no way you can get good offer with bad credit! and most of the time your cards limit will be nonsense! if I were you, it will be better to build your credit rather than force yourself to get credit cards, with bad credit! because it will be useless! and also wasting a times! so what the deals ? well, you can start to apply with secured credit cards! build your score, fix your attitude, pay on time, and don’t use credit cards, if it’s not important or make profit! in short you only use credit cards if it making money! after all secured credit cards mean your money at stakes! so use it wisely, and don’t buy some stuff at wallmart using credit cards!
and to be honest, shopping at wall Mart using Credit cards, are not Cool! because it’s like saying ” hey I want to buy this stuff, how much ? okay, i will pay later :P(dfuck)” but if you need something urgent, let say you need money for funeral or family to pay hospital bills! that’s okay! because you spend money for good stuff! and there’s a chance that your wealth could increase! (my friends said that)
secondly! use credit cards, to build score! not to repeat same mistakes! it mean, use it wisely! and if you find good deals, or maybe small business to make small profit! then why not use that cards! the idea is, when you have debt, pay on time, or make a loans if it make you money! because for long run, that credit cards, could help your financial situation! but if you just use credit cards, to buy some stuff, I don’t think it will be last forever! 🙂 well, of course, if you rich people, that would be different story! but to be honest, I never heard rich people have bad credit 😛 lol!
Do you know what I said rich people don’t have bad credit ? 😉 because they know, a credit cards are not profitable! and most rich people! just FYI! actually all of them are cheapskate 🙂 it’s! if you not believe me, you can test! ask them to do something, buy you some stuff or anything! you’ll be surprise with what they doing 😉 lol!
To honest with you, I never believe when my dads, tell me, all rich people, basically are cheapskate! because, it’s not logic if people have a lot of money then act cheap ? right ? but it seem my dads, was right ? they all fckng cheapskate! 😀 huahahah! ok bac to topic!
Build score mean good offer will come to you! most of credit cards company for sure, happy dealing business with people that have excellent credit! why ? first, people that have good credit, never late to pay their debt! secondly, they hate to make loans, last is! they don’t like to use credit cards! because smart people actually don’t need credit cards! because if you have money why you need credit cards ? because obviously credit cards, will charge you 20% APR ? but of course, at some point, we need credit cards, to use it as emergency budget! especially if it’s really urgent! but using credit cards, to shop at department stores! actually are bad Idea 🙂 so in short don’t use if it’s not to important!
Okay, I think I going to far! so lets short this things up!, most of company basically will use FICO score as their standard to decide whether you have good credit history or not! if their depend on fico, your best bet to learn about how FICO score works! if we talk about how FICO score, actually they have 5 important factor that you must pay attentions!
First is, payment history! it mean never late to make payment! secondly, Amount Owed! it mean debt utilization! third is, Credit length! it mean how long you dealing with debt/credit ? fourth is, Credit mix! it mean, do you pay other loans, such auto loans, mortgages, personal loans and etc, on time ? if not! you will get lower score! and the last part is, New Credit! it mean, do you often to apply credit card, with other company ? if yes, then it could be suspicious 😉 because why the heck you apply with so many cards 😀 what for, what purpose ? must be bad idea in you mind 😉 to be honest, these 5 factor with FICO, actually to make assessment with your character to deal with debt! because most of banks, will put heavy weight on 5 C! but in short, they believe character are the number 1 to decide whether you good or bad dealing with debt!
the rest such as capacity to pay your debt .eg business, salary and etc, and asset as warranty are the last list on their mind! because credit cards are loan without warranty, so as long you have jobs, to pay your debt! that’s it! you can get credit cards! but they will not easy on, you if you don’t have good credit score! because they believe when people have money, doesn’t mean they good dealing with debt! because if your debt exceed more than 25% of incomes ! for sure, you will having difficulties to pay your debt every month 🙂 but problems is, they don’t know about your drama! who to know everyone drama anyway 😀 that’s why they use FIco or Credit history to decide whether these people are good or bad for business 🙂
so the conclusion is, fix your credit, to get best offer from credit cards company! otherwise you only wasting a times, with credit cards that have low limits, with High annual fee !