Bad Credit Credit Card Application – What You Must Know
Morgan Hamilton asked:
If your credit history is less than perfect then you may not be approved on an unsecured credit card application. It really doesn’t matter at this point how you came to be in your present financial condition. You still do, however, have the option of submitting a bad credit credit card application.
So what exactly is considered to be bad credit. Well, the three major credit bureaus Experian, Equifax and TransUnion all track consumer credit activity. Whenever someone applies for a credit card, mortgage, car loan, or a business or personal loan their credit rating is checked through the credit bureaus.
Probably the most quantifiable way to judge a person’s credit-worthiness is through their credit score. Credit scores, also known as FICO scores, range from 300 – 900. The higher the score the better. Bad c Read more…