Total Visa
The Total Visa is an unsecured credit card. It has been designed specifically for those with a low credit score.
It reports monthly to all three major credit bureaus. By making your monthly payments on time it will help you build a positive payment history.
This is very important when your score is calculated. Your utilization ratio will determine another large part of your score.
This ratio compares the amount of available credit you have versus the amount of debt you have. It is how the bureaus determine if some one can afford more credit.
It is estimated that these two factors alone determine 80% of your score. It can help if you can show available credit.
It is also important to remove derogatory items from your report this will help with showing a positive payment history.
This card is issued by the Plains Commerce Bank a member of the FDIC. It has an initial credit limit of $250, and a 19.92% APR. There is an annual fee of $48.
There is a 19.92% APR for a cash advance, should you have a financial emergency. Also you will be eligible for a limit increase four times a year.
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.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
With your card you will have free online account access and fraud protection. It is accepted everywhere Visa is.
If you use your card or a new credit line responsibly it can help your score. However if you use it irresponsibly and can also hurt your score.
For this reason we feel that it is important for you to examine your budget before you make any decisions to take on a new credit line.
It reports monthly to all three major credit bureaus. By making your monthly payments on time it will help you build a positive payment history.
This is very important when your score is calculated. Your utilization ratio will determine another large part of your score.
This ratio compares the amount of available credit you have versus the amount of debt you have. It is how the bureaus determine if some one can afford more credit.
It is estimated that these two factors alone determine 80% of your score. It can help if you can show available credit.
It is also important to remove derogatory items from your report this will help with showing a positive payment history.
This card is issued by the Plains Commerce Bank a member of the FDIC. It has an initial credit limit of $250, and a 19.92% APR. There is an annual fee of $48.
There is a 19.92% APR for a cash advance, should you have a financial emergency. Also you will be eligible for a limit increase four times a year.
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.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
With your card you will have free online account access and fraud protection. It is accepted everywhere Visa is.
If you use your card or a new credit line responsibly it can help your score. However if you use it irresponsibly and can also hurt your score.
For this reason we feel that it is important for you to examine your budget before you make any decisions to take on a new credit line.
About the Author:
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 Baby Phat Rush Card.
posted by Debt Consolidation Loan at
2:35 AM
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