Any lender decides whether to offer you a loan, give you a credit card or extend any form of credit based on their view of your ability to repay that borrowed money plus whatever interest they charge. They do this by referring to their own records and searching your Credit File or Credit Report. This [...]
You may have seen several TV advertisements or websites that mention “guaranteed acceptance” credit cards. Many of these “guaranteed cards” claim that you don’t need to go through credit checks, employment checks or any other verification in order to get a MasterCard, VISA or AMEX credit card. These “no check/guaranteed acceptance” cards are aimed very [...]
It’s frustrating and annoying when you are turned down for a credit card. Having a credit card could actually improve your credit score in the long run and make it easier for you to obtain credit in the future, provided of course you manage the card responsibly. If uou think or are pretty sure that [...]
If you have a poor credit history, getting a credit card may be difficult. This can be frustrating as it not only denies you the convenience of having a credit card but also means you don’t have use of the card as a tool to help rebuild your credit status. Many providers claim to offer [...]
It’s only after you’ve applied for a credit card or a loan and been turned down that most people realise the importance of a formula called a Credit Score. Credit Scoring is the lender’s attempt to predict your likely future behaviour based on the information in your Credit Report. Credit Scoring not only dictates what [...]
