Apply online for instant approval credit card and you save huge efforts, time and energy required for getting a card. In most of the cases, the time lapse between you applying for the card and receiving it- is within two to three working days. You might be led to believe that this blazing speed finds its roots to new developments in telepathy thereby enabling credit card companies evaluate your credit worthiness without even meeting you physically.
In reality, all credit goes to mathematics, science and technology. The world has witnessed tectonic changes in technology, lifestyle and the way we live.
The World Wide Web along with the computer is considered as the invention of the century and has completely transformed the way we carry out day-to-day operations. Let us look at the way we get credit delivered at our doorsteps, as an example.
Going back to past by only a decade or so, applying for a card involved the tedious and time consuming process of replying to an invitation by snail mail along with the application form and detailed documentation, waiting for the approval and finally getting a card delivered by a not described envelop delivered to our door steps. Even with the fastest of the application processing back end team at place, the entire process of getting a card involved couple of weeks of waiting. Things have changed, and how.
Apply online for instant approval credit card and you should get the card within 2 days of your application- couple of more days if you are from a far off place. The world is getting smaller for sure, and it is surprising how those credit companies maintain records of each one of us meticulously. The back end process of granting approval for an instant approval card is as follows.
As and when a credit card company receives an application form for one of those instant approval cards, they dip into their information reserves and retrieve the FICO index for that applicant. FICO is a complex mathematical model that takes in factor various aspects of your credit history, assigns them various weight ages and finally comes up with and index that quantifies your creditworthiness and credit servicing abilities.
FICO primarily looks at your credit history and difference between the maximum credit limit and your present usage and statistically processes this data to come up with a credit score that measures your creditworthiness. FICO, also known as credit scores, in conjunction with other parameters like your employment history and financial health helps a credit company decide whether to approve you a card or not.
Given the impeccable credit history of yours, credit companies will be too happy to offer you a card. Why not experience the attention when it comes to you without trying too hard? Appreciate the efficiency of the World Wide Web, practically everyday you can apply online for instant approval credit card and get it at your doorstep mostly, within 2 days.
0 For 12 Months Credit Cards
Don't be fooled by the come-ons. According to the Federal Trade Commission - you see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail. You may even get calls from telemarketers offering credit repair services.
They all make the same claims:
* Credit problems? No problem!
* Erase your bad credit — 100% guaranteed.
* Create a new credit identity — legally.
* Remove bankruptcies, judgments, liens, and bad loans from your credit file forever!
Do yourself a favor and save some money, too. Don't believe these promises. Only time, a conscious effort, and a personal debt repayment plan will improve your credit report.
Don't let the condition of your credit report stop you from gettting the credit that you need and deserve.
Many people who have had serious financial problems misused or overused their credit cards. The following tips will help you when you apply for credit cards or an increased credit limit:
1. Be consistent with the name you use. Use your middle initial always or never. Always use your generation (Jr., Sr., II, III, etc.).
2.Take advantage of pre-approved credit for department store, gasoline, and bank cards. If your credit is shot, you may not have the luxury of shopping around.
3. Be honest, but appear sympathetic. Lenders are especially apt to ignore past credit problems that were out of your control - such as a job layoff or illness.
4. Bolster your credit application. Don't lie, but don't denigrate yourself, either. For example, if you're an administrative assistant, don't put "clerk/typist" for your job title. Also, if you are married and your spouse has excellent credit, apply jointly or at least indicate on the credit application that you are married.
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If you need to work on your credit report, the FTC warns that no one can legally remove accurate and timely negative information from a credit report. The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete.
There is no charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost. According to the Fair Credit Reporting Act (FCRA).
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5. Apply for credit when you are most likely to get it. For example, apply when you are working, when you've lived at the same address for at least a year, and when you don't have an unusually high number of inquiries on your credit report.
6. Apply for credit from creditors with whom you've done business. For example, if you had a Sears charge card from a store in New Jersey and you moved to California, apply for a Sears card from a store near your new home.
7. Don't get swept up by credit card gimmicks. Before applying for a credit card that gives you rebates, credit for future purchases, or other perks, make sure you will benefit by the offer. Some are good deals, especially cards that give you cash back. But, in general, a card with no annual fee and/or a low interest rate usually beats the cards with "deals" or any "rewards" you get by using your card.
8. Scrutinize any pre-approval solicitations for non-bank cards. A "gold" or "platinum" card with a high credit limit may be nothing more than a card that lets you purchase items through catalogs provided by the company itself. No other merchant accepts these cards,and the company won't report your charges and payments to the credit bureaus. Also, the items in the catalogs are usually high priced and of low quality.
Both Joe Maldonado & Michael Saunders are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Joe Maldonado has sinced written about articles on various topics from Credit Cards, Apply for Credit Card and Credit Cards. Finding an Instant Approval Credit Card online is one of the business components Joe Maldonado serves as potential guide, e-commerce mentor and certified author. His focus. Joe Maldonado's top article generates over 165000 views. Bookmark Joe Maldonado to your Favourites.
Michael Saunders has sinced written about articles on various topics from Apply for Credit Card, Writing and Government Grants. About The AuthorMichael Saunders has an MBA from the Stanford Graduate School of Business. He edits a site on Credit Repair and Debt Consolidati. Michael Saunders's top article generates over 60500 views. Bookmark Michael Saunders to your Favourites.
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