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Why do people get credit?

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Anonymous

12y ago
Updated: 8/20/2019

People get credit because you need a credit rating to do almost anything. Credit scores are used to help calculate how much you pay for auto insurance as well as by some employers. The key is to used the credit you get wisely. Use the card every month but pay off the whole balance each month this will help to build a great credit score. You also usually need a credit card to get a hotel room or rent a car even if you have the cash to pay. Just remember to have credit you don't have to be in debt.

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Wiki User

12y ago

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Are there any credit cards available for people with bad credit?

There are credit cards available for people with bad credit. Secured credit cards are more suited for people with bad credit and are likely to be the only ones they will qualify for. Capital One offers a Secured MasterCard which is available for people with bad credit.


What is the meaning of credit cards for people with poor credit?

The meaning of credit cards for people with poor credit refers to credit cards that are approved to people that have had financial problems or debts in the past. They usually allow one to rebuild their credit score.


What is the best way for people with bad credit to get credit?

The best way for people with bad credit to get credit is to rebuild their credit score, this can be done by clearing off past due bills and bad debts, how ever responsible users can avail of department store credit cards or some credit card companies will offer people with bad credit score history a special credit card.


How does interest free credit cards benefit people?

Interest free credit cards benefit people by making it impossible for them to run into credit card debt. Even if they keep a balance on their credit card, which is most people.


The only people that get cash advance loans are people with bad credit.?

The only people that get cash advance loans are people with bad credit.


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CapitalOne is better known for their credit card products. They also are a large lender to people with subprime credit.


What does a loan for people with bad credit do for people?

Loans for people with bad credit allow people who have made financial mistakes to get their lives back on track. However, getting a loan with bad credit will be very difficult.


Do people use credit card generators in scams?

No people do not use credit card generators in scams. People find out authentic credit card numbers by theft of credit cards or even scanners that can scan cards in a person's pocket.


Where can people find credit card offer?

People can find the best credit card offers by going to their local bank or credit adviser, who will tell them their current credit history and banking information, then decide what credit card is correct for the customer.


Which companies offer unsecured credit cards for people with a bad credit rating?

Many different banks offer unsecured credit cards for people with bad credit. An example would be the Capital One Classic Platinum card, which can be ordered by people with a credit score as low as 577. Another option is to apply for a secured credit card, which can later be converted to an unsecured credit card.


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Capital One offers credit cards to people with bad credit. You can sometimes get these with low interest rates as well. Capital One offers credit cards to people with bad credit. You can sometimes get these with low interest rates as well. Visit www.CaptialOne.com for more information.


Who is charged for misusing credit cards?

People who misuse credit cards are charged for misusing credit cards.