Credit cards for people with bad credit scores

Written by Jakob Jelling


Continued from page 1

The secured credit card route

Most ofrepparttar major banks and lending institutions may seek a deposit matching mechanism called a secured credit deposit before backing a credit card for you. This card is usedrepparttar 112362 same way that a normal credit card is, howeverrepparttar 112363 cardholder must fund it before using. Ifrepparttar 112364 cardholder deposits $100 intorepparttar 112365 interest bearing account their credit card is funded at 100% of their deposit. Some credit cards can at their disposal issue double or triple matches to boostrepparttar 112366 amountrepparttar 112367 creditor can spend. The deposit of $100 can return $300 in credit terms. Secured credit cards also report positively torepparttar 112368 credit agencies and will eventually become normal revolving accounts andrepparttar 112369 balances held for deposit are credited back torepparttar 112370 cardholder’s account. A very positive way for people with bad credit to obtainrepparttar 112371 financial vehicles they need.

Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.


Home loan applications made easy

Written by Jakob Jelling


Continued from page 1

Upon completingrepparttar mortgage application review, you will be given an amount in which you can afford. Usuallyrepparttar 112361 sales price ofrepparttar 112362 home is based upon 3½ times your annual income. It is also equivalent torepparttar 112363 percentage of debt to income ration determined by FHA (Federal Housing Authority). Should you meet these guidelines you will be given a green light to go and look for a house in this range. You may be able to afford more should you have a sizeable deposit. There are also programs that you can use to get into a house with only 3% down. Some lenders ask that you fill outrepparttar 112364 home loan application in person rather than online so that they can answer any questions duringrepparttar 112365 process.

Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.


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