Total Visa - Review
The Total Visa was designed for individuals with a low credit score. It is an unsecured card.
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 very important when your score is calculated. Your utilization ratio will determine another large part of your score.
This ratio is how the credit bureaus decide if you are in over your head financially. It compares your amount of debt to your amount of available credit.
It is estimated that these two factors alone determine 80% of your score. It can help if you can show available credit.
However it is still a priority to remove any negative marks from your report. This will help to show a positive payment history.
This card is issued by the Plains Commerce Bank a member of the FDIC. It has an initial credit limit of $250, and a 19.92% APR. There is 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.
As of late, we have seen a rise in interest rates. This has been happening to customers that have never paid late, their rates have jumped to 20% and higher.
Congress has responded and made new laws to prevent this in the future. However these laws will not go into effect until 2010. Additionally we have seen lower limits and much more stringent approval requirements.
Your card will have fraud protection and free online account access. Your card is accepted everywhere Visa is.
With responsible use a new credit line can help a damaged score. However with irresponsible use it can damage your score even more.
For this reason we feel that it is important for you to examine your budget before you make any decisions to take on a new credit line.
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 very important when your score is calculated. Your utilization ratio will determine another large part of your score.
This ratio is how the credit bureaus decide if you are in over your head financially. It compares your amount of debt to your amount of available credit.
It is estimated that these two factors alone determine 80% of your score. It can help if you can show available credit.
However it is still a priority to remove any negative marks from your report. This will help to show a positive payment history.
This card is issued by the Plains Commerce Bank a member of the FDIC. It has an initial credit limit of $250, and a 19.92% APR. There is 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.
As of late, we have seen a rise in interest rates. This has been happening to customers that have never paid late, their rates have jumped to 20% and higher.
Congress has responded and made new laws to prevent this in the future. However these laws will not go into effect until 2010. Additionally we have seen lower limits and much more stringent approval requirements.
Your card will have fraud protection and free online account access. Your card is accepted everywhere Visa is.
With responsible use a new credit line can help a damaged score. However with irresponsible use it can damage your score even more.
For this reason we feel that it is important for you to examine your budget before you make any decisions to take on a new credit line.
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For more about the Total Visa or for a free credit repair consultation visit us or call 1-800-253-3735, or for more about Easy Credit Cards.
posted by Debt Consolidation Loan at
12:01 PM
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