The Total Visa is an unsecured credit card. It has been designed specifically for those with a low credit score.
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 a large part of your score. Additionally another big piece is your utilization ratio.
This compares the amount of debt you have versus unused credit. It is how the bureaus determine if you can afford a new credit line.
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.
Your card will have an initial $250 limit and a 19.92% APR. It is issued by Plains Commerce Bank and has an annual fee of $48.
The cash advance APR is 19.92%, in case of a financial emergency. You will be eligible for quarterly limit increases.
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.
With your card you will have free online account access and fraud protection. It is accepted everywhere Visa is.
If you are able to use your card responsibly it can help a low score. However it can also harm even a low score with irresponsible use.
This is why we think it is important for you to look at your budget and what you can comfortably afford to spend before you apply for any new credit. - 14915
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 a large part of your score. Additionally another big piece is your utilization ratio.
This compares the amount of debt you have versus unused credit. It is how the bureaus determine if you can afford a new credit line.
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.
Your card will have an initial $250 limit and a 19.92% APR. It is issued by Plains Commerce Bank and has an annual fee of $48.
The cash advance APR is 19.92%, in case of a financial emergency. You will be eligible for quarterly limit increases.
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.
With your card you will have free online account access and fraud protection. It is accepted everywhere Visa is.
If you are able to use your card responsibly it can help a low score. However it can also harm even a low score with irresponsible use.
This is why we think it is important for you to look at your budget and what you can comfortably afford to spend before you apply for any new credit. - 14915
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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 a review of the popular prepaid Rush Card.
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