Interest Free Balance Transfer Credit Card With Bad Credit
September 3rd, 2010 Filed under: Credit Card Bad Credit — Credit Card Author |
Having bad credit stinks. You’re going to find that its going to be hard to get things such as loans, credit cards, as well as any other perks that require a credit score check. Yes, while you got yourself in the bad credit hole, it doesn’t mean that you can’t get yourself back out of it. It’s just going to take some time.
Since balance transfer cards are rather large online, you’re going to find out that you may have a hard time nabbing one, if you have a score of 650 or less. It doesn’t necessarily mean that you can’t get one though.
I wanted to give some pointers to you today on how you can get a balance transfer card, even when you don’t have the best credit in the world. You’re going to find that by following these tips, you should be able to increase your chances just by a little bit.
Apply to about 3-5 cards: The major players out there include Discover, Citi, Chase, and more. What you will want to do is apply for each card one by one. Don’t apply for all of them at once, because the last thing that you want is to get approved for all 3 or 5. One by one you can wait for a response. If you get denied, just move onto the next card. If you get approved, great, you’re in! Every company is going to have its own guidelines.
Go to your local bank: Whether you bank with a local credit union or a bank, you will find that many of them are very lenient when it comes to your credit score. Meet with a banker inside your local branch and ask them about your situation. They may have some solutions that you can take advantage of.
Have patience: You may find that your credit score just isn’t going to work for anything and that is okay. If you run into this situation, you will probably want to wait it out for a few months. Focus on paying off your debts, as well as bringing down your debt to income ratio.
If you really need a line of credit today, you can always resort to friends and family, or a higher interest rate loan. Just only resort to this situation if you find that you need the money right away for things such as medical bills, as well things such as a car.
Whether you’re looking for an interest free balance transfer card or more links on where you can find one, get all the information you need at FindSecuredCards.
