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The First Premier card is an unsecured credit card that is meant specifically for people who have a below-average credit rating.
While it is relatively easy to be approved for the card, there are some large fees associated with it. However, these fees may be necessary for those who are trying to rebuild their credit.
If you are interested in this card because you are hoping that it can improve your low credit score, I must tell you that it cannot fix your score. What it can do, however, is help you create a positive history of payments.
While negative items remain on your report, you will be unable to dramatically improve your credit score, because these items will always lower your score.
Often it makes much more sense to remove the negative items from your credit report before opening up new lines of credit. Contrary to popular belief negative marks can be removed from your report.
These items must be disputed directly with the credit bureaus. If you clean your credit report and then apply for a credit card you will by able to get approved for a card with much fewer fees or no fee's at all.
Make sure you have reasonable expectations for this card: it won't fix your score. It can help, however, and positive credit lines can assist you in achieving a higher credit score. Keep in mind, though, that negative marks are much more damaging.
In these tough economic times, most financial institutions have made their approval standards must stricter. Often, a single negative item on your credit report could be the difference between being approved and not being approved.
The credit limit for this card is $250 and there is a $95 program fee, a $48 annual fee, an $84 monthly servicing fee (deducted annually) and an account setup fee of $29 associated with the card. These fees are automatically deduced from your available credit when you are issued the card.
Instead of paying these high fees we feel it is much more cost effective especially over the course of a life time to repair and remove negative items. This will improve your score enough so you can get approved for a fair credit card that will not charge you any fees but will have a low limit.
You are not alone having bad credit but don't just live with it. It costs you money and self confidence knowing you can't be approved for anything better.
Just because you have bad credit, you shouldn't feel like a second-class citizen. Laws have been passed to help protect you from unreasonable fees. There are few words that can make a person feel better than hearing a loan officer say, "Congratulations, you've been approved!
While it is relatively easy to be approved for the card, there are some large fees associated with it. However, these fees may be necessary for those who are trying to rebuild their credit.
If you are interested in this card because you are hoping that it can improve your low credit score, I must tell you that it cannot fix your score. What it can do, however, is help you create a positive history of payments.
While negative items remain on your report, you will be unable to dramatically improve your credit score, because these items will always lower your score.
Often it makes much more sense to remove the negative items from your credit report before opening up new lines of credit. Contrary to popular belief negative marks can be removed from your report.
These items must be disputed directly with the credit bureaus. If you clean your credit report and then apply for a credit card you will by able to get approved for a card with much fewer fees or no fee's at all.
Make sure you have reasonable expectations for this card: it won't fix your score. It can help, however, and positive credit lines can assist you in achieving a higher credit score. Keep in mind, though, that negative marks are much more damaging.
In these tough economic times, most financial institutions have made their approval standards must stricter. Often, a single negative item on your credit report could be the difference between being approved and not being approved.
The credit limit for this card is $250 and there is a $95 program fee, a $48 annual fee, an $84 monthly servicing fee (deducted annually) and an account setup fee of $29 associated with the card. These fees are automatically deduced from your available credit when you are issued the card.
Instead of paying these high fees we feel it is much more cost effective especially over the course of a life time to repair and remove negative items. This will improve your score enough so you can get approved for a fair credit card that will not charge you any fees but will have a low limit.
You are not alone having bad credit but don't just live with it. It costs you money and self confidence knowing you can't be approved for anything better.
Just because you have bad credit, you shouldn't feel like a second-class citizen. Laws have been passed to help protect you from unreasonable fees. There are few words that can make a person feel better than hearing a loan officer say, "Congratulations, you've been approved!
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Instead we suggest the Total Visa Card an unsecured Bad Credit Cards. For a free credit consultation call 1-800-253-3735.
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