Tuesday, September 9, 2008

Can You Qualified For A Credit Card Application?

You first credit card applicants and do not know if you qualify? Well, that's good news, financial institutions, it is very easy to get credit card these days, with many restrictions. For credit card, you must be at least 18 years old and have a stable income. Some credit card issuers, it takes you back to meet the minimum level, but in most cases, this will impact on the level of borrowing for granted. Another factor important to have credit cards, your credit history.

Unfortunately, not everyone has a credit history, especially if you're 18 and looking out of your own. Sometimes you can always without a credit card May, but you will find that your borrowing power is limited. The creation of a good credit history in general is simple and takes only a few months.

One of the best ways to build credit history is to finance a car, the more time you, your payments, you build a credit history. Make your payments on time and try not to pay your car loan reduction from 6 to 8 months. If you have a car loan is not an option for consideration by credit card. Secured credit cards are really very good and do trick, but you should have enough money to open a savings account at a bank. The loans are granted as a whole because of the amount of your deposit and can be 50 to 100 percent of the amount deposited.

The creation of a good credit history is easy, and construction of a bad credit history. While a good credit history opens doors for roads, bad credit history is to do the opposite. Make sure that you do not borrow more than you are able to pay off and make your monthly payments on time.

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