Wednesday, May 26, 2010

Why are they accepting me for credit cards when I have bad credit? I have 3 of them now?

Because they get commission by putting you in debt....cut the cards up and just use cash.



Don%26#039;t spend money that you don%26#039;t have!....You%26#039;ll regret it when the phone calls start.



Why are they accepting me for credit cards when I have bad credit? I have 3 of them now?

There are cards designed for %26#039;bad credit%26#039; people-- they have low limits, high fees, and high interest.



Don%26#039;t get any more-- a big part of your score is having the same accounts open for a long time not constantly opening new ones-- and more inquiries ding you too.



Use them responsibly and get GOOD CREDIT and then you wont be asking questions like this.



Why are they accepting me for credit cards when I have bad credit? I have 3 of them now?

You probably have very high interest rates and not a large line of credit...there are companies out there that specialize in credit cards for people with not so great credit because they know they will gain it back in the high interest rate they offer you.



Why are they accepting me for credit cards when I have bad credit? I have 3 of them now?

A better question may be: why do you keep applying?



Credit cards thrive off people who rack up interest payments, late fees, and missed payment fees. The more fees you rack up, the more money they stand to make. While it will take responsible handling to get your rate improved, and your limit increased, they%26#039;ll be perfectly happy to assign you a high-interest low-limit card.



Why are they accepting me for credit cards when I have bad credit? I have 3 of them now?

Why are you applying for them when you have bad credit?



Why are they accepting me for credit cards when I have bad credit? I have 3 of them now?

Credit card companies will still give you credit cards, but usually at a much higher percentage rate and they probably won%26#039;t give you a high credit limit. They have calculated the risk, and it is still profitable for them to take the chance on people with bad credit.



Why are they accepting me for credit cards when I have bad credit? I have 3 of them now?

Be very careful its not the types of cards that may come with a balance you have to pay before you can use the card, if it were me I would cut them up, and work on getting better credit

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