A sub prime credit card usually has higher interest rates and a lower credit limit than a regular card, but they can be used by borrowers with a lower credit score. Most major issuers issue them, but some smaller issuers also specialize in sub prime lending.
Sometimes. It depends on what credit card company issued the card, their terms and procedures, what type of card (prime or sub-prime) and in the final analysis, whether they still wish you as a customer. They might, but it will not be on what is generally regarded as "favorable terms". Call them and ask.
It is called "sub-rime" because the holding of sub-prime (low credit quality) debt precipitated the crisis.
sub prime credit score refers to a credit score which is below the national average. According to a 2011 Experian study, the average score in the USA is 687. So, anything under 687 is considered sub prime.
"Generally, yes almost anyone, even those with bad credit can get a sub prime loan. Sub prime loans are designed especially for people with bad credit as a way to try to rebuild credit. The interest rates are definitely higher as would be expected, though if the loan is a secured loan the interest rate would be lower than that of an unsecured loan."
Your Amazon Prime credit card application may not have been instantly approved due to factors such as your credit history, income, or other financial information that the credit card issuer needs to review before making a decision.
You can purchase a sub prime card from TD Canada Trust. Navigate to their website, fill out an application form, and then run down to the nearest branch, and pick it up. i don't think there's anyway of getting a sub prime credit card without going to a branch.
Sub prime credit cards are cards offered to consumers with lower credit scores, typically under 660 FICO. These cards tend to have lower lines of credit, higher interest rates, and more fees than the average credit card.
It is called "sub-rime" because the holding of sub-prime (low credit quality) debt precipitated the crisis.
Sometimes. It depends on what credit card company issued the card, their terms and procedures, what type of card (prime or sub-prime) and in the final analysis, whether they still wish you as a customer. They might, but it will not be on what is generally regarded as "favorable terms". Call them and ask.
sub prime credit score refers to a credit score which is below the national average. According to a 2011 Experian study, the average score in the USA is 687. So, anything under 687 is considered sub prime.
apex. prime rate + credit history
"Generally, yes almost anyone, even those with bad credit can get a sub prime loan. Sub prime loans are designed especially for people with bad credit as a way to try to rebuild credit. The interest rates are definitely higher as would be expected, though if the loan is a secured loan the interest rate would be lower than that of an unsecured loan."
Credit cards are out for there for those with poor credit but always remember that any money used will have to be repaid at some point. Start at the moneysupermarket.com for an overview of all the options available to you together with details of any checks they are likely to make.
Your Amazon Prime credit card application may not have been instantly approved due to factors such as your credit history, income, or other financial information that the credit card issuer needs to review before making a decision.
Not all lenders give the oppurtunity of sub prime mortgages, but one for example that does is the Infinity Federal Credit Union (IFCU). This is one of the posibilities.
Loan sharks. If they've a license, it's a payday loan, advance check cashing or sub-prime credit card company.
Standard Chartered