Tag Archives: bad
Loans for debt: 100% cash assurance!
There are many reasons because of which people fail to pay off their debts. Usually, people with bad debts find it difficult to source loans in their hard-hitting times as they are having past bad debt records. But, now times have changed and various loan companies are offering funds to bad debtors. Loans for debt are special loans which are designed to provide fast cash help to people with bad debts.
Loans for debt will very well help you in paying off your previous debts. As a matter of fact, mainly these loans are given to those who are negotiating with their lenders for the consolidation of their debts. Moreover, you can also use the generated funds for meeting your other personal needs as well!
No mater how adverse your credit history is, you will easily qualify for these loans. In these loans lenders easily accept bad credit records like:
CCJs
IVA
Foreclosures
Bankruptcy
Arrears
Defaults
Skipping of payments and many more
As per your needs and requirements, you can acquire loans for debt in either secured or in unsecured manner. If you are able to pledge collateral then you can opt for secured form. In this form, you can easily raise bigger amount of funds for a longer term. In fact, the offered amount is largely based upon the value of collateral placed. Additionally, here you will enjoy the benefit of lower interest rates and flexible terms.
Unsecured form is easily made available without any need of collateral. This form is ideal for those who are unable to pledge collateral. Also, it is an alternative for those who dont want risk the seizure of their asset. Here, you can grab any amount up to £25000 for a term of 1 to 10 years. The interest rates levied on unsecured bad debt loans is slightly high, due to it unsecured nature.
For procuring bad debit loans in a hassle free manner, you can go through the online financial market. Also, online application will give you another benefit of lesser paperwork and easy approval.
Thus, if you are suffering from poor credit records and need funds easily then you can go for loans for debt.
First Premier Bank Credit Card Review
Upon first visit to the First Premier Bank’s website, I immediately liked the site design and the big sun glasses that greeted me. They set my mind into holiday mode which in turn made me want to look at what kind of credit cards were available.
I see it already, sun, sea and sand
. I could book a well deserved break once I am successful with my First Premier Bank Credit Card Application.
But website design is not a good enough reason to choose a credit card, so let’s see what features and benefits First Premier Credit Cards has to offer.
When you submit your credit card application, it will take you all of 60 seconds to know your fate, if you are a busy person, (and who isn’t) or like me, you want to book that vacation fast, you know how good this feature is.
Bad credit? No problem, if you have less than perfect credit your application is still welcomed.
The APR on purchases is 9.99%. This is an excellent rate, the website did not say if this rate is adjustable based on credit history but it seems so competitive, I tend to think that the lower your credit score the higher the rate. If this is not so, then you are on to a real cracker.
The cash advance APR is19.9% which is fair enough, after all it is a credit card and should not be used as a debit card.
You should be aware of the Penalty APR on purchases though. If you miss your due dates twice in any six month period or for two consecutive months, your APR would increase to 19.9% and will remain at that rate until you pay your bill on time for 3 consecutive months. The clouds are beginning to roll in on this offer.
If you think a bit of cloud is bad, when you see the fees attached to this card, those clouds would really bring the rain down.
On receipt of your card, your limit would be a minimum of $250. Then comes the fees: Annual fee $48 Account Set up fee $29 Program fee $95 Participation fee $ 6 monthly Additional card fee $20 per card Internet Access Fee $3.95 once you sign up for the service
Most of the fees are added to your account from day one and it would reduce your available credit. When all is said and done, you could actually end up with an available limit of as little as $52 depending on which fees apply to you.
WOW! How far can $52 get me? My local Days Inn?
Based on these features, the First Premier Bank Credit Card operates a lot like a bad credit credit card. But on the plus side, once you pay your bills on time you would benefit from the competitive 9.9% APR.
I would definitely explore some other options.
To determine if this offer is the best you can get (and I sure hope it isn’t), compare other bad credit credit cards and see what they have to offer before making your final decision. It could be that your credit history is ok, so check out the vast range of credit card offers that do not carry so many fees.