Bad Credit Not a Problem!

With economy as it’s been the past few years, many people have had difficulty keeping up with the high cost of living and paying their bills on time. Often, this is through no fault of the individual. However, the result has been a good credit turning bad. Poor credit will often prevent consumers from getting credit cards and re-establishing their credit. First Universal Platinum Card is dedicated to helping your re-establish your credit! Even if you’ve had to file bankruptcy, they’re still willing to help you out- bad credit or not. They’ll give you the credit you deserve!

First Universal Platinum Card is so dedicated to giving you the credit you want and deserve that they guarantee you approval of their card without even doing a credit check! In addition, they do not require employment verification. Sound simple? That’s because it’s very simple. All you do is fill out the easy online application and wait for their fast approval!

Guaranteed High Credit Line

First Universal Platinum Card is a revolving charge account that guarantees you a credit line of $7,500. No more having to do without the many things you need because you can’t get enough credit to buy them. You are guaranteed approval for this fantastic credit card. Unlike many other credit cards, the Universal Platinum Card does not require you to pay a security deposit.

Every year the cost of things we need and want in life seems to go up higher and higher, making it more difficult to make the purchases we need. Many credit cards will offer you credit limits of only a couple hundred dollars, especially if you have poor credit. Universal Platinum Card doesn’t believe in providing you with a small limit that will do you very little good for larger purchases. This is why Universal Platinum guarantees you a credit limit of $7,500 so you can buy those things you want and need – when you want and need them.

Great Terms!

Have you ever had a card that you were so excited about until you got your bill and discovered it wasn’t as good as you thought? This has happened to many unfortunate consumers that have applied for credit cards believing they were fantastic deals only to find out they really couldn’t afford the card. High fees, security deposits and outrageous interest rates can often make a credit card very costly – almost more than the average consumer can afford.

The Universal Platinum Card has unbelievably great interest rates and terms! For the first 12 months you can enjoy a 0% APR so you won’t have to worry about interest making your payments high and difficult to make. At the end of the 12 months, your interest rate is still a low 7.9%! You’ll never have to worry about not being able to make your payments because you’ll always have low minimum monthly payments. You’ll love having your First Universal Platinum Card and all the benefits and pleasure it can provide for you, so don’t wait another minute. Apply Now!

College students are some of the worst offenders when it comes to racking up mountains of unpayable debt; a problem that stay with them long after college has finished – the irresponsible use of credit in college can continue causing damage until much later in life. By teaching your kids how to manage money responsibly when they’re young, you’re setting them on the road to financial health and happiness.

Many banks offer credit cards tailored especially to the needs of high school students. They are issued with a guarantor or co-signer – usually parents or guardians. So although the ultimate responsibility of the card payment lies with the co-signer, wise students will also find they are able to use the credit card to start building a good financial history while they are still young.

Be sure to check out all of the options with your child before you commit to a card. Beware: some banks will try to charge exorbitant fees, reasoning that the applicant has no credit history. But there are reasonable deals to be found if you are willing to do some homework.

Of course there are risks involved – you will have no control over your child’s spending and reckless behaviour could lead not only to a heavy burden of debt, but damage to the child’s credit rating in the long term. Make sure that the card has a very low credit limit when applying and offer your child as much guidance as possible; encourage them to keep within a budget and to make payments in a timely manner.

If you’re not sure whether your child is ready for the responsibility of their own credit card, another option is to get an extra card issued from your own credit card account and give it to them. Most credit card companies will be happy to issue cards to family members at no extra cost. Students will feel less tempted to run-up insurmountable debts and you can keep a very close eye on their spending habits.

If your child is still too young to qualify for a credit card of its own, or if your aim is to teach them financial responsibility after they have demonstrated the opposite, the best option may be a pre-paid card. It’s not exactly a credit card and not exactly a debit card. This will allow parents to set up accounts for teens and children. They are quick to set up and you have complete control over them – just put in the amount of money you want your child or teenager to have – when it runs out, the card stops working.

Giving your kids the responsibility of a credit card could be a nerve-wracking ordeal, but it doesn’t have to be. If you make the right choices with the card, give proper instructions and support – making sure they understand the consequences of their actions – teaching your kids about the risks, the benefits of credit can be immensely rewarding. This will give them a sense of responsibility that will last for a lifetime.

For some people, a credit card reserved for emergencies means whipping out a credit card when there is a big sale on a ‘must have’ hot. A 911 situation is an emergency that requires immediate cash or credit. For example, during the week before Hurricane Katrina that practically illuminated New Orleans, there were people who needed to make immediate living arrangements with the understanding that there was a possibility of them not being able to return to their homes. Those who were fortunate enough to have family members and friends from other states to live with were blessed. Many people had emergency back up such as a second home, a summer home or they had money stashed away for a rainy day. Those who had maxed out credit cards and no where to go, were in a crisis.

A 911 credit card is not a new credit card. A 911 credit card could be any major credit cards such as Visa, MasterCard, Discover, American Express and etc. This is a credit card that is used once in a while and has an available balance. When a situation arises, the person has available credit so that they have enough to cover a plane, train or a bus ticket in order to travel. The person has enough money to put themselves and their family in a hotel or efficiency until they are able to return back to their homes safely.

An emergency situation could also include a student in college who has a tuition bill that is due. A credit card with an available balance comes in handy.

Another example would be a person driving in the midst of a major winter snow storm struggling to make it home due to the closing of a main highway. The person is miles away from home and has absolutely no where to go and no one to help them. The only thing that they can do is stay in a hotel for a couple of days until the storm is over. An emergency credit card comes in very handy. A person who has maxed out their credit card is stranded unless they have cash in their pockets.

A person who doesn’t have enough available credit could call their 24 hr bank to ask for an extended line of credit. The only problem with this emergency solution is that the person may have to wait between 1-24 hours to get a response. Some credit card companies, however, will issue a line of credit upon approval within 5-15 minutes. If the person is approved, they are very fortunate.

In the world we live in today, credit is everything. If you do not have a good credit score, you may very well not be able to get things you need and want in life — things like lower rates on automobile insurance, lower rates on credit itself or being able to buy a new car or qualify to buy a home. Unfortunately, this can often affect a person’s quality of life, especially if credit is also used as a determining factor for whether or not you get that job you just interviewed for, or if you are not ready to buy a house, it can determine if you are able to rent that apartment you have your heart set on. This can often be a hard lesson for students, who are just starting out, to learn.

They are easy targets for the credit card companies, who almost all offer a credit card for students, because they have a clean slate and are often approved for cards with limits between $500 and $1,000.

College students are often approved for a low rate because they have no credit, so they often do not have bad credit — which is quite regularly the mitigating factor for determining a credit card’s APR (annual percentage rate). Keeping all this in mind, if parents have not taught their children about credit, how it works and how to properly use it, the students will very swiftly find themselves tempted by their new-found “money”, spend it quickly and then find themselves in a cycle of debt and ever increasing minimum payments all before graduating from college. This can lead to a very bad situation for those just starting out in life and if the responsibility of a credit card for students is not handled properly, this is just where a student can find themselves, as it happens all too often.

That, of course, is the ugly side of having a credit card for students. On the positive side, by using your credit card responsibly, you have the ability to lay the foundation for a bright financial future where having the buying power to achieve the things you want in life is just a matter of handling your new-found credit wisely and with maturity. Using it only for emergencies or for food or gas and then paying it off when the bill comes. This will help build a solid credit history, give you a good credit score and help prevent you from being in the situation where you can only apply for and receive prepaid credit cards in the future.

Credit cards have become the most popular form of payment. Cash payment is now considered an unfashionable thing, even in small town retail stores. As credit cards have become an integral part of our lives, the instances of credit card frauds are also increasing. People have to be cautious of any fraudulent activities and stealing of credit cards. In fact, credit card scam business has become a multi-billion dollar industry and investigation agencies are facing tough times to curb these trends.

Despite all these unfair practices, credit cars remain a very popular option. People have to enter into credit card agreements with banks to get these cards. However, these agreements are the real bone of content between the customers and the banks. If you are entering into a credit card agreement then make sure that it is valid and endorsed by the bank.

Unfortunately, most credit agreements are not valid when a customer signs up with a bank. The more disturbing is the fact that customers are generally not aware of this glitch. They think that their credit cards are valid for any purchase and head to retail stores to use them.

The actual shock comes when they are told that they cannot make a payment out of their cards. Some face quite embarrassing situations if they have no other option of payment. Just think about eating in a posh restaurant and then your credit card is rejected. It would be a really shameful situation.

Some ways are there by which you can find out about the validity of your credit card agreement. The first thing to look for is the authentication stamp by the bank. If that is not the case, immediately call your bank agent. There are certain clauses and terms in the credit agreement that gives you a real view of the situation. The most important one is the prescribed items list in the agreement. If the agreement is void on these terms or if they are not written clearly, this means that the agreement is actually flawed and unenforceable.

Consumer credit rights are protected under the 1974 Consumers Credit Act that also saw some amendment in 2007. However, the amendments have complicated the procedure and a customer has to present documentary proofs that the creditors have misled him or her. Payment Protection Insurance or PPI is levied on these credit card agreements and it also poses many problems. You can check the terms and regulations of PPI on your agreement. If you find any discrepancies, it means that your agreement is not valid.

The legal battle over invalid credit agreements is long and difficult. There are so many ambiguities in the law and practices that it is a no win situation for both parties unless your case is very strong. Whatsoever maybe the reason of an invalid credit card agreement, a customer has to suffer in the end. Getting a legal cover is always a recommendable option as it can protect your finances in the long run.

The new CARD consumer credit protection act takes effect Feb. 22-and, in my mind, not a moment too soon.

The past few months have produced an appalling feeding frenzy by credit card companies raising interest rates through the stratosphere while they still can, cancelling accounts, reducing credit limits-all in anticipation that the brakes will be put on when this new law takes effect.

Now, hopefully, this behavior will now slow down.

One of my companies recently reduced my credit limit from $9,500 to $500 just because I hadn’t used the card for a few months. I decided to vote with my feet since they had initiated a hit to my credit score, I’d just bite the bullet and say goodbye to them.

The new CARD act doesn’t mean that your credit card company can’t still put the screws to you, but there are some limits.

Here’s what you get starting next week:
You must get 45 days notice before interest rates can be raised on future purchases. Interest rates on existing balances can’t be raised unless you’re in default for 60 days. Monthly statements from now on will tell you how many years you’ll be in debt if you only make minimum payments. Annual fees, if any (look out for them) cannot be more than 25% of the card’s limit. If you have more than one interest rate on your account, anything you pay over the minimum balance will be applied to the highest rate first. But beware, if you only pay the minimum, the money will still be applied to the lowest rate first. Teaser rates on new cards must be honored for one year. Credit won’t be extended to people under 21 without a co-signer, except in very specific circumstances.

There are many sources where you can file a first time credit card application. These include banks, credit companies and other agencies. The Internet is the easiest way to locate your preferred credit card company.

When applying for a credit card, most companies need information such as name, age, address, social security number, any former address of yours, occupation, employer, and annual household income. These details are adequate for the credit company to verify your credit history, which is the major criterion for approval or rejection. Annual percentage rate (APR) often varies with your credit score. That is, a high score will get you a low APR.

Most first credit card application forms contain certain clauses written in fine print. Company salesmen are often outspoken about the advantages of their transactions. But these fine prints often carry conditions that are disadvantageous to you. One important thing to check is the APR. Most credit companies tempt you with a low initial APR score. Remember that it is the long term APR you should weigh most, not the short term.

A US citizen who is 18 years of age or older (the limit is lower in some states) has the legal right to demand a credit card with any US bank. Generally, credit card providers do not want a bank account to get a card. It is also possible to request many credit cards at a time. But multiple applications can affect the credit score negatively.

With great competition existing in the credit card market, most credit card providers look for an easy means to attract new businesses. They provide special gifts on many occasions such as Christmas and holiday shopping seasons.

If you’re currently a student and you’ve been on the hunt for a credit card, you may have found yourself getting into a bind you didn’t want to find yourself getting into, getting denied for a credit card application. What most college students think when they apply for their first card is that they are going to get approved and never think of the denial letter coming through the mail. A denial letter from a credit company is no different than a college denying you.

When you get that denial letter in the mail, a lot of people just think they are going to get the same letter for every card they apply for and that couldn’t be further from the truth. There are some things you can have to look out for when applying for your card and if you follow the right steps, you can get your first credit card in no time.

Applying for the wrong card – If you find yourself applying for a regular credit card and you have no credit history, you’re already on the wrong path. I can tell you right now you’re going to get denied for this card. These types of cards are generally for people that already have established their credit. If you’re currently going to school, you’re going to want and try a student credit card. If you’re not attending school, you may want to try a department store card.

Invalid application – Sometimes when you fill out an application, you may forget to put in some information. This usually only applies to a paper application you send through the mail. Even though the card companies will tell you if you missed a particular field on the form, they don’t always do this. It’s best to look for the reason you’re denied on the card. If you don’t see a good explanation, you can always try and call up the card company to see if you get a better answer.

No income – Just because you have no credit history and/or perfect credit, this doesn’t mean you’re going to get approved right away. If you’re currently making no money, a credit company isn’t going to risk giving you a card. If you’re debt rate is high as well, the credit companies are going to be very hesitant as well. Make sure you browse over your personal finances before you apply for your next card to see if this could possibly be the problem.

The important thing to remember when applying for a credit card is that you look for a card in your credit range. If you have no credit, you will want to apply for a student card. If you have poor credit, then you obviously want to go the poor credit route, it usually isn’t that hard to justify what kind of credit you have. As long as you have a good track record and you apply for the right card, you shouldn’t have a problem getting approved for your next application.

In this economy some people are doing things they would not normally do in order to stay afloat. One of these things is experimenting with illegal things such as credit card number generators. While these generators are almost always used for bad things, there are some instances where they have a legitimate use. Testing software programs is probably the most legitimate use that a credit card number generator will ever see.

If you don’t already know what a credit card generator is, it is just piece of software that makes a 13 to 16 digit number that you can use to purchase products. You can also use this generator to check your shopping cart on your e-commerce site to make sure that everything is working properly. E-commerce sites often have credit card verification filters in order to prevent users from accidentally entering in a wrong number.

Since accepting a wrong number could cost your company time and money, being able to test your system before it goes life is vital to the success of your company. This is where the number generator can really help in a legal way.

You can actually download these generators online. Although I must stress that you should only get one of these generators if you plan to use if for a legitimate purpose, like the one described above. In order to use these generators you will need to know JavaScript or PHP. However, don’t be deterred because it sounds too technical. These programs come with detailed instructions that your grandma would understand.

Let’s be clear. A business credit card is not a personal credit card used for business purposes. Anyone can do that, even if you have a 0 credit score. But if you want to have a credit card for a business start up then it will take some effort on your part.

The consumer rules are different from business rules when applied to credit. Many issuers will want to be guaranteed by your personal signature. That’s not what you want to do. The whole purpose of opening a business account is so that you can be limited in your liability and not have it affect your personal credit.

After you have selected the name for your company

Incorporate your business Use a real street address or a Private Mail Box using their street address. Do not use a PO Box Make sure all of your business mail: phone, banking, subscriptions, tax authorities etc. are sent to this address. Open a checking account Go on line and secure an ein # (employer identification number). It’s easy to do and there is no cost involved. Make sure you have a business telephone line using your business name. Have your business listed in they yellow pages and directory assistance. Register with Dun & Bradstreet to get a Duns number Then you can apply for a business credit card

Many national businesses, such as Home Depot, Staples, Kinkos, Exxon, DHL, Radio Shack etc. will give you a business credit card or line of credit to help you establish what you want. Some of them require trade or vendor references and a bank reference. So always try to be nice to your banker. You also may want to get a cell phone in the business name – each carrier has different requirements but they are fairly simple.

Do not sign or guarantee any of these with your personal signature, this is for your business, to be used strictly for business purchases.

Establishing a business credit card is only the first step in being successful at running your own business, but it is an important one. Trying to find the best source of establishing credit is vital to any establishment, whether it’s been it business for 6 months or 6 years.