Credit Card Fraud Alert
You have been bombarded with them.
You get them through the postal service; they arrive in envelopes from seemingly genuine banks and state that you are pre-approved for either a Master or a Visa card.
Even if you have bad credit, haven't paid all your bills on time, or have declared bankruptcy, you may be able to get a credit card.
The companies are scams therefore these do not matter.
Do you really think these firms just want to help you out? Do these companies really have your best interests at heart, and want to help you through your tough times? Not a chance! These people are after your money.
They don't care about you.
This is how it works.
You are asked to send some money to receive an application that will provide you with names and addresses of financial institutions willing to issue you VISA or Master card without any credit approval.
Why pay for something as worthless as a piece of paper? You get an application containing information about what to do next.
Once you have been approved for a credit card by the issuing bank, you will be told to open an account there.
This is when they hook you because you feel you have finally found a bank willing to give you a credit.
You are offered a credit card with a line of credit equal to your deposit of $200 or more.
You need to think about it with an open mind.
Would you let a person borrow $5 if they gave you $5 to begin with? Only a con artist would charge you an obscene interest rate to return your own money to you.
Then they claim they can also fix your credit report.
Credit reporting agencies will be notified of timely payments.
Really! Whenever you apply for a line of credit, your credit rating will be checked.
Credit reporting agencies will list any outstanding debt, unpaid loans and bankruptcy.
On the upside, they also view your timely payments to creditors.
Big deal.
The ultimate factor will be your previous bad credit history.
They make 22% interest because you use their card! No matter what, they are guaranteed the money that is owed given the fact that if one defaults on their payment to them, they will simply take the money that was deposited, as well as, any interest that was accrued.
Talk about having it both ways.
Do you really want to pay $100 for a credit card that's only worth $100? Just purchase what you want with your $100.
That way you own it outright without interest payments and all the hassles.
It is wonderful to have credit if you use it wisely.
Credit is a must in certain circumstances to establish credit worthiness.
Unless you can place the charge on your credit card you cannot place a telephone order.
There are reputable financial institutions that don't charge an arm and a leg.
You just have to look around for the best deal.
I hope this article informed and helped you.
You get them through the postal service; they arrive in envelopes from seemingly genuine banks and state that you are pre-approved for either a Master or a Visa card.
Even if you have bad credit, haven't paid all your bills on time, or have declared bankruptcy, you may be able to get a credit card.
The companies are scams therefore these do not matter.
Do you really think these firms just want to help you out? Do these companies really have your best interests at heart, and want to help you through your tough times? Not a chance! These people are after your money.
They don't care about you.
This is how it works.
You are asked to send some money to receive an application that will provide you with names and addresses of financial institutions willing to issue you VISA or Master card without any credit approval.
Why pay for something as worthless as a piece of paper? You get an application containing information about what to do next.
Once you have been approved for a credit card by the issuing bank, you will be told to open an account there.
This is when they hook you because you feel you have finally found a bank willing to give you a credit.
You are offered a credit card with a line of credit equal to your deposit of $200 or more.
You need to think about it with an open mind.
Would you let a person borrow $5 if they gave you $5 to begin with? Only a con artist would charge you an obscene interest rate to return your own money to you.
Then they claim they can also fix your credit report.
Credit reporting agencies will be notified of timely payments.
Really! Whenever you apply for a line of credit, your credit rating will be checked.
Credit reporting agencies will list any outstanding debt, unpaid loans and bankruptcy.
On the upside, they also view your timely payments to creditors.
Big deal.
The ultimate factor will be your previous bad credit history.
They make 22% interest because you use their card! No matter what, they are guaranteed the money that is owed given the fact that if one defaults on their payment to them, they will simply take the money that was deposited, as well as, any interest that was accrued.
Talk about having it both ways.
Do you really want to pay $100 for a credit card that's only worth $100? Just purchase what you want with your $100.
That way you own it outright without interest payments and all the hassles.
It is wonderful to have credit if you use it wisely.
Credit is a must in certain circumstances to establish credit worthiness.
Unless you can place the charge on your credit card you cannot place a telephone order.
There are reputable financial institutions that don't charge an arm and a leg.
You just have to look around for the best deal.
I hope this article informed and helped you.
