Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Articles
More
Related Definitions
Related Categories
Tip of the Day

Tip of the Day Avoid Fees

Avoid Fees - When using long-term investments as a money-earning vehicle, it is wise to remember that any returns that are made on that money must deduct any fees paid...

read entire tip

Recently Added
Other Great Sites
 

Instant Approval Bad Credit Card

Many people with bad credit believe they have put themselves in a position where they will never be able to get a credit card. What they don’t know is there are actually credit card companies that are offering instant approval for bad credit card applications.

Instant approval for bad credit card applications can be found a number of places online, and some are made available by banks or credit unions for their customers. In these cases, the customer must have an established track record with the bank and keep a minimum checking account balance in order to get one of these credit cards.

Instant approval for bad credit card applications are more commonly offered by credit card companies that specialize in working with those individuals who have had past credit problems. In order for a consumer to obtain approval for one of these credit cards, they must be able to show a verifiable work history, their income and the amount of debt they currently have. If these numbers are within acceptable parameters, they will receive instant approval for a new card.

Most instant approval for bed credit card applications are not ones that a normal consumer would be particularly interested in obtaining. As can be expected, these kinds of credit cards come with a number of drawbacks. Some of them require annual fees or an upfront charge for the consumer to obtain and use the card. Most have low credit limits of less than $1,000. Due to the risk taken in giving a card to someone with a questionable past credit history, these cards also frequently come with interest rates much higher than cards issued to those with better credit ratings.

Due to the economic crisis of the last several years, instant approval for bed credit card applications are not as easy to find as they once were. Since a great deal of the economic downturn can be traced to banks extending credit to those with poor credit histories and then seeing those customers default on their loans, credit card companies have become much more cautious in offering such deals. Those offers that are made come with requirements that are a lot tougher than they were a few short years ago.

Discuss It!
Most Popular Articles
Most Popular Definitions
 
Daily Definition

Definition of the Day Quick Ratio

Definition: A ratio that measures a company's ability to meet its current liabilities with its liquid assets. TeenAnalyst Advice: It's important that a company be able to pay their debts and other ...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com