Bad Credit Credit Cards with Low Interest Rates Attainable
Posted on | September 22, 2009 | No Comments
Bad credit credit cards with low interest rates are something almost every poor credit borrower would like. Many poor credit borrowers may think that low interest rates are unattainable but this may not be true. Based on your credit score, you might find that you can get a better interest rate than you ever imagined. The first thing you must find it is your current credit score. If you don’t know your credit score you will have no clue what the credit cards are looking at to assign you an interest rate.
There are several places where you can get a credit report but I would suggest you actually buy a credit report from the site Experian.com. Many of the free credit report sites sign you up for premium services and you don’t realize it until it is too late and you end up paying a lot more in the long run. By actually paying the $15 up front you can be assured that you won’t be hit with any unknown fees in the future.
When looking at your credit report you should first look hard at each of your lines of credit. Many people have inaccurate details on some of their lines of credit and they never notice it until they look hard at their credit report. If you do notice something that is wrong with your credit report you will need to immediately contact the company you bought the credit report from.
The credit report company will likely give you a phone number to actually contact the particular company that claims you own them money. It might take some time to get in contact with the company that is charging you but it will be worth it in the long run. If you continue to let it go unaddressed then you will find that your credit score will take a hit. This could cause you to get a much higher interest rate on any credit card or loan.
After you have fixed all your lines of credit it is best to try to reduce debts. You might not have a lot of extra money sitting around but if you crunch the numbers you might find some extra money to pay off some high balance debts. Having credit cards that are almost maxxed out is a very bad thing. Try to pay some of these down before you apply for a new credit card.
Please make sure to return to Subprime Blogger for all your mortgage and financial news. To stay up to date on the current state of finances make sure to bookmark the current news category below. We offer information on everything from getting a lower mortgage rate to increasing your credit score.
Author: Tiffany Mann
Comments
Leave a Reply