Credit Cards For Adverse Credit History

Document Sample
Credit Cards For Adverse Credit History Powered By Docstoc
					Credit Cards For Adverse Credit History
The credit card market is seeing a boom with numerous market players. It
has created a kind of choice chaos or rather a clutter. It is important
to differentiate between a good and a bad market offer. We all have
discussed enough about the good and best credit card offers but it is
equally important to know about the poor credit card offers, and what to
beware of.
It is important to check the credentials of a credit card company before
signing up for any offer since a number of fraudulent credit card
companies have also sprung up along with the equal numbers of genuine
ones. There is never a credit card offer that is perfect. Each has its
pros and cons. Normally, if it sounds too good to be true, then it is a
sure sign of being a credit card offer for someone with an adverse credit
history. Offers like these can simply rip off your pocket and leave you
with peanuts. They make tall claims to lure customers but if you read
between the lines there is always a trap clause that takes the air out of
the claim.
However, desperate requirement you might have of a credit do not fall
into the trap of these jazzy claims. They might claim to give you low APR
and high credit limit even with your bad credit history. Now this is
obviously unbelievable. More unbelievable means more unreliable.
Then there could be credit card offers that are ridiculously
unreasonable. For example, they may have a worthless balance transfer
offer with amount limited to a level of say £500. Or there cou ld be store
cards through which you can shop only at a particular shop and that too
only from a particular catalogue.
These credit card offers are responsible for maximum credit card frauds
or losses to customers due to unprecedented high costs. These are mostly
wipe, pack and vanish firms, i.e. companies that wipe off your resources,
pack their business and simply vanish leaving a big hole in your pocket.
We all receive those flowery once in lifetime offers claiming to change
the course of life with all the financial gains we can get through them.
Remember they are out there for business. They are not going to pay out
of their pockets so obviously they cannot live up to their tall claims.
Think wise and smart. It is good to invest in small time lesser-known
ventures but at the same time it is better to be safe. After all
prevention is better than cure.
Joseph Kenny is the webmaster of the UK credit card comparison site, where you can find a selection of adverse
credit history credit cards. For US visitors there is also the comparison
site for all US interest free offers.