Total Visa Card
The Total Visa is a bad credit unsecured card. It was designed for individuals with blemishes on their credit report.
It will report to the major credit bureaus. You can start to build a positive payment history by making on time monthly payments.
This is very important when your score is calculated. Your utilization ratio will determine another large part of your score.
This ratio is how the credit bureaus decide if you are in over your head financially. It compares your amount of debt to your amount of available credit.
They estimate that your utilization ratio and payment history make up to 80% of your score. It will help if you have unused credit.
However it is still a priority to remove any negative marks from your report. This will help to show a positive payment history.
This card is issued by the Plains Commerce Bank a member of the FDIC. It has an initial credit limit of $250, and a 19.92% APR. There is an annual fee of $48.
There is a 19.92% APR for a cash advance, should you have a financial emergency. Also you will be eligible for a limit increase four times a year.
As of late, we have seen a rise in interest rates. This has been happening to customers that have never paid late, their rates have jumped to 20% and higher.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
With your card you will have free online account access and fraud protection. It is accepted everywhere Visa is.
If you use your card or a new credit line responsibly it can help your score. However if you use it irresponsibly and can also hurt your score.
You should really look at your current expenses and income and decide if you really should take on a new line of credit.
It will report to the major credit bureaus. You can start to build a positive payment history by making on time monthly payments.
This is very important when your score is calculated. Your utilization ratio will determine another large part of your score.
This ratio is how the credit bureaus decide if you are in over your head financially. It compares your amount of debt to your amount of available credit.
They estimate that your utilization ratio and payment history make up to 80% of your score. It will help if you have unused credit.
However it is still a priority to remove any negative marks from your report. This will help to show a positive payment history.
This card is issued by the Plains Commerce Bank a member of the FDIC. It has an initial credit limit of $250, and a 19.92% APR. There is an annual fee of $48.
There is a 19.92% APR for a cash advance, should you have a financial emergency. Also you will be eligible for a limit increase four times a year.
As of late, we have seen a rise in interest rates. This has been happening to customers that have never paid late, their rates have jumped to 20% and higher.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
With your card you will have free online account access and fraud protection. It is accepted everywhere Visa is.
If you use your card or a new credit line responsibly it can help your score. However if you use it irresponsibly and can also hurt your score.
You should really look at your current expenses and income and decide if you really should take on a new line of credit.
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For more about the Total Visa or for a free credit repair consultation visit us or call 1-800-253-3735, or for more about Online Credit Cards.
posted by Credit Counseling at
1:14 AM
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