Once your credit is damaged, it’s hard to come back. Your credit score is one of the most important numbers in your life, but many people don’t realize just how important it is in their lives until it’s too late.
It’s been damaged, and suddenly you’re unable to qualify for a mortgage or a car loan, and no one will approve you for one of their credit cards. It’s a difficult situation in which to find yourself, but it happens all the time to consumers. Whether you were careless with your credit at some point or someone else damaged it without your knowledge, there is no easy way to fix this score without hard work and financial understanding. Paying your bills on time, lowering your credit balances, and getting back on track are the ways to get your credit score back on track. However, you should also apply for a credit card. It might not seem like the best way to help your credit when you’re applying for more, but it’s helpful. Credit bureaus need to see you using credit responsibly. That’s where the quick & easy approval First Access Visa is beneficial. Bad credit approval is possible with the First Access card, and it can help you raise your credit score fast.
Bad Credit Approval
The First Access Visa card is one you don’t want if you have excellent credit already, but it’s helpful for those in need of a boost when their credit is already damaged. This card offers almost guaranteed approval for anyone with bad credit, including those with scores lower than 600. It works just like any other credit card offered by any other lender, but it has a much lower credit limit.
The available credit is only $300 from the start, which is good for helping people with questionable credit work on their scores. This card works well if you keep the balance paid in full each month. You must use it, however, or it won’t do much to help your credit score. The best way to use this card is to buy a few small things every month and pay the balance in full at the end of the month. The company reports your use to all the major credit bureaus, which is why it’s imperative you use it wisely.
The Details Behind The Card
This card comes with quick & easy approval, but it also comes with less than ideal terms in comparison to other cards. This card comes with a 29.99% APR, and you’re paying a fee that lowers your limit before you ever use the card. There is an annual fee that’s waived for one year. You pay it on the first anniversary of becoming a cardholder with First Access. The available credit limit is only $300, and it’s immediately lowered when you activate your card. You must pay a processing fee to activate your card. This fee is $89, though it might be a little lower for those with better than bad credit. This is not ideal, but it’s often the only way you qualify for credit when your credit history is poor.
Using This Card Responsibly
If you choose to use this card, you are choosing to work with a very high-interest rate. The best way to handle this card is to keep the balance paid in full to avoid interest. The rate won’t matter if you don’t carry a balance. You do have access to online payments, account information, and help 24-hours per day, and you also have access to cash advances at any ATM in the United States.
All cardholders are eligible for a credit line increase after using their card responsibly for six months. The credit line increase is available using your online statement. You can choose the option to request a credit line increase. You’ll provide a little bit of personal and financial information, as well as your current monthly debt information. If you are approved, you will receive an approval notice within two weeks of submitting your application for a credit line increase.
Your Credit Score
Your credit can be improved if you use a card wisely. It’s best to have a mix of credit available to you. This includes a mortgage, a personal loan, car loans, and credit cards. You don’t need all of the above, but more than one line of credit goes a long way toward helping improve your credit provided you use it correctly. This card is great for rebuilding a poor credit score, but it is one you will eventually stop using in favor of a card with a higher limit and much lower rate. Use this card responsibly and watch your credit score improve.