Handle Your Business

Is bad credit holding you back?

Are you tired of getting turned down every time you apply for credit cards?

Even though you can easily start rebuilding and repairing your credit with a secured credit card I’m sure you would much rather start with an unsecured credit card instead.

Now don’t buy into those catchy advertisements or pre approved offers you get in the mail because no matter what you read it all boils down to your credit scores in order to get approved.

If your scores are in the 500s or low 600s then you should be very cautious when applying for new credit. You definitely want to avoid any excessive credit report inquiries because it will not only hurt your scores but also raise a red flag with credit card issuers.

The bottom line is the more inquiries you have especially in a short period of time the less likely you will be able to get approved.

So to save you some time and frustration you should consider applying for the Orchard Bank Classic Master Card because in my opinion it’s the best unsecured credit card for bad credit.

What’s most unique is Orchard Bank’s card selection process because it’s different from all the other credit card companies.

You actually can see which card(s) you have a better chance of being approved for prior to your credit being checked.

If you don’t like the credit card they offer you, click the No Thanks button and no other creditors will know that you applied for credit.

Now keep in mind you may be offered a secured or unsecured credit card which will be disclosed to you before your application is processed.

Here are some the benefits of using an Orchard Bank credit card:

• Your payments are reported to all 3 major credit bureaus every month maximizing your credit rebuilding efforts.
• Card is accepted at millions of locations worldwide, including website purchases and reservations.
• Account information is updated and available 24/7 so you can manage it your way.
• Email and text messages are available to remind you of your upcoming payment due date so you can maintain a good payment history.

What I like best about Orchard Bank is simply the fact that they do not charge outrageous fees and interest rates to high risk individuals.

You may have heard about First Premier Bank which once offered a credit card with a 59.9% interest rate and a $100 annual fee. Can you believe that this card typically came with a credit limit of about $300?

Would you apply for a card like that?

Believe it or not First Premier Bank had over 300,000 active customers using this card as of 2011 and in February it removed the card offering according to CNN Money.

On a final note if you decide to obtain an unsecured credit card with bad credit it’s important for you to realize that there will be a trade off. Because you are a high risk many issuers will impose higher interest rates and additional fees but with issuers like Orchard Bank this doesn’t have to be the case.

What other cards have you had a positive or negative experience with?

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