If you have bad credit, you can still get a credit card. But is it worth it? The cards you could qualify for typically require high setup fees or monthly fees that just don't stop. And sometimes, they don't even report your positive credit activity to the credit bureaus. There's a better way to deal with your credit.
Do Annual Percentage Rates of interest confuse you? You're not alone. But here's a rule of thumb: typically the lower your credit score, the higher your interest rate (and vice-versa). When you're looking at a credit card, make sure you understand the interest rate. Chances are, the card isn't in your best interest.
Your credit report is made up of all of your credit accounts, including credit cards, retail accounts, mortgage loans and more. In calculating your score, creditors look at all parts of those accounts: credit history (charge offs, late payments, collections); credit balances (how much your overall debts are); credit history (how long you've hard credit cards or other forms of debt); and types of credit (credit cards, installment loans, mortgages.). As luck would have it, credit cards are an important part of the mix, so if you don't have a great credit history on your cards, late payments, collections, charge-offs, or high balances, you're likely to have a lower credit score.
1It starts with a call
Contact the Lexington Law and learn how credit reports can be affected by inaccuracies and how you have the right to challenge them. Plus, get a free credit report and a consultation to help you get a handle on your score.
2Out with the untrue
If your report contains false and unfair items, you have a right to dispute and challenge them. Make sure your report shows your history accurately.
3Don’t be held back
If you are content with high interest rates and simply hoping that someday you’ll be able to purchase the home or car of your dreams, you don’t need our help, but if you are looking to improve your credit, find out how we can help you on the way to a better credit future.
4We’ll fight for you
If credit repair was a boxing match, you’d want an attorney to fight for your rights. We’ll use all of our resources to fight for your right to a fair credit profile that improves your opportunities in this credit-based economy.