Total Visa - Review
The Total Visa was designed for individuals with a low credit score. It is an unsecured card.
It reports monthly to all three major credit bureaus. By making your monthly payments on time it will help you build a positive payment history.
This is a large part of your score. Additionally another big piece is your utilization ratio.
This ratio is how the credit bureaus decide if you are in over your head financially. It compares your amount of debt to your amount of available credit.
It will help your score if you can show available credit. It is estimated that these two factors account for up to 70% of your credit score.
Removing negative credit should still be a priority and that will help improve your payment history.
This card is issued by the Plains Commerce Bank a member of the FDIC. It has an initial credit limit of $250, and a 19.92% APR. There is an annual fee of $48.
They offer a 19.92% cash advance APR which is actually lower than many prime credit cards, in case of a financial emergency. They do give quarterly credit limit increases.
As of late, we have seen a rise in interest rates. This has been happening to customers that have never paid late, their rates have jumped to 20% and higher.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
Your card will have fraud protection and free online account access. Your card is accepted everywhere Visa is.
With responsible use a new credit line can help a damaged score. However with irresponsible use it can damage your score even more.
For this reason we feel that it is important for you to examine your budget before you make any decisions to take on a new credit line.
It reports monthly to all three major credit bureaus. By making your monthly payments on time it will help you build a positive payment history.
This is a large part of your score. Additionally another big piece is your utilization ratio.
This ratio is how the credit bureaus decide if you are in over your head financially. It compares your amount of debt to your amount of available credit.
It will help your score if you can show available credit. It is estimated that these two factors account for up to 70% of your credit score.
Removing negative credit should still be a priority and that will help improve your payment history.
This card is issued by the Plains Commerce Bank a member of the FDIC. It has an initial credit limit of $250, and a 19.92% APR. There is an annual fee of $48.
They offer a 19.92% cash advance APR which is actually lower than many prime credit cards, in case of a financial emergency. They do give quarterly credit limit increases.
As of late, we have seen a rise in interest rates. This has been happening to customers that have never paid late, their rates have jumped to 20% and higher.
Law makers have responded however these new laws do not go into effect until 2010. We have also seen the lending institutions tighten their requirements for approval.
Your card will have fraud protection and free online account access. Your card is accepted everywhere Visa is.
With responsible use a new credit line can help a damaged score. However with irresponsible use it can damage your score even more.
For this reason we feel that it is important for you to examine your budget before you make any decisions to take on a new credit line.
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For more about the Total Visa or for a free credit repair consultation visit us or call 1-800-253-3735, or for more about Online Credit Cards.
posted by Debt Consolidation Loan at
6:12 AM
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