The Total Visa is an unsecured credit card. It has been designed specifically for those with a low credit score.
It reports to all the major bureaus monthly. By making on time monthly payments you can start to build a positive payment history.
This is a large part of your score. Additionally another big piece is your utilization ratio.
This compares the amount of debt you have versus unused credit. It is how the bureaus determine if you can afford a new credit line.
It will help your score if you can show available credit. It is estimated that these two factors account for up to 70% of your credit score.
Removing negative credit should still be a priority and that will help improve your payment history.
Your card will have an initial $250 limit and a 19.92% APR. It is issued by Plains Commerce Bank and has an annual fee of $48.
There is a 19.92% APR for a cash advance, should you have a financial emergency. Also you will be eligible for a limit increase four times a year.
Recently good credit cards have been raising their interest rates even with customers that are paying on time. These rates have been jumping as high as 28%, without cause.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
Your card will have fraud protection and free online account access. Your card is accepted everywhere Visa is.
If you are able to use your card responsibly it can help a low score. However it can also harm even a low score with irresponsible use.
You should really look at your current expenses and income and decide if you really should take on a new line of credit.
It reports to all the major bureaus monthly. By making on time monthly payments you can start to build a positive payment history.
This is a large part of your score. Additionally another big piece is your utilization ratio.
This compares the amount of debt you have versus unused credit. It is how the bureaus determine if you can afford a new credit line.
It will help your score if you can show available credit. It is estimated that these two factors account for up to 70% of your credit score.
Removing negative credit should still be a priority and that will help improve your payment history.
Your card will have an initial $250 limit and a 19.92% APR. It is issued by Plains Commerce Bank and has an annual fee of $48.
There is a 19.92% APR for a cash advance, should you have a financial emergency. Also you will be eligible for a limit increase four times a year.
Recently good credit cards have been raising their interest rates even with customers that are paying on time. These rates have been jumping as high as 28%, without cause.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
Your card will have fraud protection and free online account access. Your card is accepted everywhere Visa is.
If you are able to use your card responsibly it can help a low score. However it can also harm even a low score with irresponsible use.
You should really look at your current expenses and income and decide if you really should take on a new line of credit.
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For more about the Total Visa Credit Card or for a free credit repair consultation visit us or call 1-800-253-3735, or for a review of the prepaid Account Now Visa.
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