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Why is it people with poor credit scores can still get credit cards?
Wiki User
∙ 13y ago
Because high interest is a bonus for the credit card business.
Wiki User
∙ 13y ago
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Where can one shop with bad credit cards?
When you have bad credit scores, it is difficult obtaining a credit card but when you do manage to get one, there are some stores that will still accept credit cards of people with bad credit scores, like Macy's.
Why is it that people who are in enormous debt tend to get more credit card offers than the people that have no credit or low credit scores?
Lending companies have calculated that if you have no credit or low scores, that means you are a risk and probably won't be able to pay them back. So they don't offer cards as much to these people. People with large debt (but who still pay more or less on time and therefore have decent credit) are paying huge amounts of interests to the lending companies already. If you are a credit card company, you hope to load these people up with debt and more debt so they will pay lots of interest to you. Of course there is the danger that the debt will become too much, and then you've got problems.
Am I still allowed credit cards after bankruptcy?
Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
Where can a person with bad credit obtain credit cards?
A person with bad credit can still obtain credit cards in some cases. However, they'll have to settle for secured cards from companies like Capital One and Bank of America.
If you have a credit report what would be listed on it?
all your credit cards,home address and previous address,card you canceled and still have and how many years you had you credit cards and ect.
If you pay off your spouse's debts before you get married would that improve your joint credit rating?
There is no such thing as a joint credit rating or joint credit score. Even when two people apply for credit together, their credit is pulled and scores are provided separately. These two separate reports can be merged into one single credit report, but look closely; you will still see separate scores on each bureau for them.
How to you get a credit score?
You have to have credit to have a score. If you have never had a credit account, you will need to take steps to establish credit. Good ways to start include secured credit cards, auto loans, department store cards (although I strongly recommend staying away from those). After six months, a credit score can be calculated based on your history of payment. Take care managing debt and credit. Even though derogatory information has a 7 year statute of limitations, the information does not "go away". It is still factored into credit scores.
How do you get a credit card with no credit history?
There are available credit card companies that offer a chance for people to have credit cards even though they don't have a credit card history. Even people who have a bad credit card history can still be a candidate for the application. Though it will be harder for one to get his/her application granted.
Can you apply for another credit card if you already have one?
yes you can i have done it recently to do a balance transfer and i still use both credit cards yes you can i have done it recently to do a balance transfer and i still use both credit cards
Where can one get a credit card for one with bad credit?
If you have bad credit, there are still ways to get a credit card. For those with bad credit, secured credit cards or subprime credit cards might be your only options for getting one. These cards can charge extra fees and may let loaners take your money if you do not pay off the balance.
Which shops in UK still accept cheques?
Not many. Most people now use credit/debit cards, or cash for smaller items.
Why push the walmart credit card when economy is so bad?
It doesn't make a difference to Wal-Mart or any other credit card company what the status of the economy is. They would love to get people with good credit ratings to use their cards. They make money when people use them. The more people that use the credit cards, the more opportunity to make money they have. There is some risk that people will use them and not pay them off, but there is still value involved.
