Question: I discovered that
my credit had been wrecked. I need a credit card for day-to-day
purchases. Can you help me?
Answer: If you
want to have a card for day-to-day purchases, I'd look into getting
a secured product such as Orchard bank's secured card. After
a year or so they'll offer you an "upgrade" !!!
More
Info about Orchard's MasterCard!
Click here to get Orchard's card!
Question: How long late fees
and collections will saty on my credit report(s)?
Answer: Late
fees and collections will stay on your credit report(s) for several
years. It is quite hard to say the exact time. We engourage to
start re-establishing and repairing your credit right now for
example by getting BuyRight card which is a no-credit-check
program is especially designed to assist in building or rebuilding
the member's credit record by reporting monthly to the credit
bureaus.
More info about BuyRight card!
Click here to get BuyRight card!
Question: I am an American
currently working and living in abroad. How can I apply for a
new credit card?
Answer: Typically,
U.S. credit card issuers require a valid residential address
within the United States in order to be approved for a card.
So, you should apply for credit card from a local bank.
Question: I am not an American
Can I apply for a U.S. credit card?
Answer: You need
to have a U.S. Social Security Number to apply for a U.S. credit
card. You can also use the U.S. Tax id or the green card number
if you have one. Plus in the most cases also a U.S. address is
required.
Question: I am about 20 year
old and I do not have any credit history, so I am unable to get
a credit card. What I can do?
Answer: Try apply
for a retail card or secured card which both will get your credit
record started.
Question: Is it a good idea
to apply for few credit cards at once because of I want to be
sure that I will get a one? If I have a number of credit card
companies reject my application in a short time, does it reflects
badly to my changes to get a card?
Each time you
apply for a credit card the issuers runs a check on your credit
history, and that is recorded on your credit report. In you have
alot of "inquiries" in a short period of time this
is can have a negative effect on your ability to obtain credit.
Question:
What APR means?
Answer: APR stand
for annual percentage rate. APR can be either "fixed"
or "variable rate" (floating rate). Fixed rate APR's
are usually a little higher. Floating rate means that the interest
is based on a published index + an adder - for example, "prime
rate + 1.9%".
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