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Bad credit credit card



 
 
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Old December 12th, 2006, 02:10 PM posted to rec.travel.cruises
ramona anderson
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Posts: 4
Default Bad credit credit card


A bad credit credit cardbr
"Bad credit card card" is used to refer to credit cards that can be
obtained even with a bad credit rating. The bad credit card cards
provide opportunity to people (with bad credit rating) to improve their
credit rating. In that sense, bad credit credit cards act as rescuer
for such people. So, bad credit credit cards also act as necessary a
training ground for people who have not been able to control their
spending urge in the past.br
Bad credit card cards are commonly known as secured credit cards. The
bad credit card card (or secured credit cards) requires the individual
to open up an account with the credit card supplier and maintain some
cash balance in the account. Why is that required? Well, credit cards
are a business for the credit card suppliers; so how can they trust
someone who has defaulted on his/her payments in the past? After all, a
business is about profits and such risks are a threat to profits. The
bank or the credit card supplier will generally pay interest on the
balance in your account. However, it's best to check this with the bad
credit card card supplier/bank. The credit limit on the bad credit card
card is determined by the cash balance in the account and is generally
between 50-100% of the cash balance. These bad credit card cards are
also referred to as debit cards, owing to the fact that they work less
in a credit-giving manner and more in a debit-giving manner....br

http://creditcardrecv.blogspot.com/

 




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