First Premier MasterCard
The First Premier credit card is an unsecured card designed expressly for people who have a poor credit score.
It is easy to be approved for the card, but the fees are rather high. Unfortunately, however, if you have a poor credit score, it may be necessary to pay these fees in order to help rebuild your credit.
If you are researching this card because you are hoping to improve a low score, I want to tell you that this card will not fix your score. It can help to create a positive trail of payments.
While negative items remain on your report, you will be unable to dramatically improve your credit score, because these items will always lower your score.
Before opening up new lines of credit, it is a good idea to remove negative items from your credit report. Despite what many people think, you can remove derogatory items from your report.
You can dispute these items directly with the credit bureaus. Once these items are removed from your report, you may be able to apply for and receive a card with lower fees, or even no fees at all.
Make sure you have reasonable expectations for this card: it won't fix your score. It can help, however, and positive credit lines can assist you in achieving a higher credit score. Keep in mind, though, that negative marks are much more damaging.
In these tough economic times, most financial institutions have made their approval standards must stricter. Often, a single negative item on your credit report could be the difference between being approved and not being approved.
The credit limit for this card is $250 and there is a $95 program fee, a $48 annual fee, an $84 monthly servicing fee (deducted annually) and an account setup fee of $29 associated with the card. These fees are automatically deduced from your available credit when you are issued the card.
Rather than paying these high fees, we recommend improving your score by repairing and removing negative items from your credit report. In addition to being cost-effective, doing this may improve your score enough so that you can get a low-limit card with no fees.
You're not alone: millions of people have poor credit, but you shouldn't think you have to just live with it. The knowledge that you can't be approved for anything better can cost you money and damage your self confidence.
Having poor credit doesn't have to make you feel like a second-class citizen. Legislation has been passed to help protect you from outrageous fees. There is no better feeling than hearing a loan officer say, "Congratulations, you've been approved!
It is easy to be approved for the card, but the fees are rather high. Unfortunately, however, if you have a poor credit score, it may be necessary to pay these fees in order to help rebuild your credit.
If you are researching this card because you are hoping to improve a low score, I want to tell you that this card will not fix your score. It can help to create a positive trail of payments.
While negative items remain on your report, you will be unable to dramatically improve your credit score, because these items will always lower your score.
Before opening up new lines of credit, it is a good idea to remove negative items from your credit report. Despite what many people think, you can remove derogatory items from your report.
You can dispute these items directly with the credit bureaus. Once these items are removed from your report, you may be able to apply for and receive a card with lower fees, or even no fees at all.
Make sure you have reasonable expectations for this card: it won't fix your score. It can help, however, and positive credit lines can assist you in achieving a higher credit score. Keep in mind, though, that negative marks are much more damaging.
In these tough economic times, most financial institutions have made their approval standards must stricter. Often, a single negative item on your credit report could be the difference between being approved and not being approved.
The credit limit for this card is $250 and there is a $95 program fee, a $48 annual fee, an $84 monthly servicing fee (deducted annually) and an account setup fee of $29 associated with the card. These fees are automatically deduced from your available credit when you are issued the card.
Rather than paying these high fees, we recommend improving your score by repairing and removing negative items from your credit report. In addition to being cost-effective, doing this may improve your score enough so that you can get a low-limit card with no fees.
You're not alone: millions of people have poor credit, but you shouldn't think you have to just live with it. The knowledge that you can't be approved for anything better can cost you money and damage your self confidence.
Having poor credit doesn't have to make you feel like a second-class citizen. Legislation has been passed to help protect you from outrageous fees. There is no better feeling than hearing a loan officer say, "Congratulations, you've been approved!
About the Author:
Instead we suggest the Total Visa an unsecured Easy Credit Card. For a free credit consultation call 1-800-253-3735.
posted by Debt Consolidation Loan at
2:58 AM
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