This card is a sub prime unsecured card. This means the Continental Finance Card is designed specifically for individuals looking for a second chance with credit.
When this card is issued it will give you an initial limit of $300. You will be able to receive semi-annual increases to your limit, with a maximum limit of $2000.
You account will be reported monthly to all three credit bureaus. This will give you an opportunity to rebuild your credit score.
This will help your score because it will improve your ratio of debt to available credit. In addition you can create a positive payment history by paying your monthly bill.
If you can improve these two factors you will improve your score. This is because these two factors are weighted almost as much as derogatory items on your credit report.
This card is unsecured which means there is no initial deposit, however because of your low credit score they will charge you an annual fee. Unfortunately this is an unavoidable cost and you will have a fee with any credit card you open with a damaged credit score.
This card does offer a low 9.75% APR. This is way below the industry standard of 19% APR. Your card is accepted world wide at millions of locations.
They do offer easy approval and there are no minimum income requirements. You can still be approved for this card even with a recent bankruptcy on your credit history. They offer an online application decision within seconds of submitting an application.
This card is issued by the First Bank of Delaware. This bank has been a leader in sub prime lending for years.
With this card you will have free online account access. You will be responsible to pay your monthly bill and keep your balance below your limit.
The alternative is a secured credit card. However with this card it will take you longer to rebuild your score because this card is reported to the bureaus as a secured line of credit.
You also can qualify for a shopping card. We do not suggest these cards because they often come with large fees and only report to one credit bureau.
In sum we do suggest the Continental Finance MasterCard and with proper use you can rebuild your credit score. You don't have to just live with bad credit you can take steps to improve your score and lower the cost of getting credit.
When this card is issued it will give you an initial limit of $300. You will be able to receive semi-annual increases to your limit, with a maximum limit of $2000.
You account will be reported monthly to all three credit bureaus. This will give you an opportunity to rebuild your credit score.
This will help your score because it will improve your ratio of debt to available credit. In addition you can create a positive payment history by paying your monthly bill.
If you can improve these two factors you will improve your score. This is because these two factors are weighted almost as much as derogatory items on your credit report.
This card is unsecured which means there is no initial deposit, however because of your low credit score they will charge you an annual fee. Unfortunately this is an unavoidable cost and you will have a fee with any credit card you open with a damaged credit score.
This card does offer a low 9.75% APR. This is way below the industry standard of 19% APR. Your card is accepted world wide at millions of locations.
They do offer easy approval and there are no minimum income requirements. You can still be approved for this card even with a recent bankruptcy on your credit history. They offer an online application decision within seconds of submitting an application.
This card is issued by the First Bank of Delaware. This bank has been a leader in sub prime lending for years.
With this card you will have free online account access. You will be responsible to pay your monthly bill and keep your balance below your limit.
The alternative is a secured credit card. However with this card it will take you longer to rebuild your score because this card is reported to the bureaus as a secured line of credit.
You also can qualify for a shopping card. We do not suggest these cards because they often come with large fees and only report to one credit bureau.
In sum we do suggest the Continental Finance MasterCard and with proper use you can rebuild your credit score. You don't have to just live with bad credit you can take steps to improve your score and lower the cost of getting credit.
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For more about the Continental Finance Card or for a review of another suggested unsecured sub prime card the Tribute Card visit us.
