New horizon

  Looking for a way to build credit but keep getting turned down when you apply for a credit card? Credit cards are a great way to build credit. If you have bad credit, obtaining new lines of credit can demonstrate that you can now make your monthly payments on time. But saying go out and apply for a credit card and build credit is easier said than done for some people. Especially if they don’t have the money to put down a security deposit and get approved for a guaranteed approval secured credit card. For people with bad or no credit, store credit cards offer an easier route to building credit and spending power. Online store credit cards with guaranteed approval  are tools used by many consumers to build credit. Many retailers realize these cards can be used to help their clients not only shop in their stores. But help their clients to build or rebuild their credit by reporting their monthly payments to the major credit reporting agencies (Experian, Equifax, and TransUnion) ...

Taking out cash against your credit card is possible, but not a good idea.  If your   credit card offers   credit card cash advances, you can get instant cash by using one of the convenience checks supplied by your credit card issuer or by withdrawing from an ATM. While your creditor may make it easy for you to borrow, you should avoid this option as much as possible. Why? Because there’s a myriad of potential dangers when you get yourself stuck in this trap. Here’s the reason why: 1. Interest Rates in Loan-Shark Territory Many people are not aware that the cash advance interest rate is not always the same as it is  for making purchases. You can have a 12.99% APR for your purchases, but have a 25% APR for your cash advances. And for people with credit problems, this interest rate can be even higher. Therefore, you’re not only paying interest from the moment you take out the cash advance, but you’re also paying it at what some would call loan-shark rates. For example,...