Poor Credits
When I landed in a high paying job in the city, I have been planning to get a credit card since I read from a magazine that it is better to have a credit card than a debit card. Debit cards are more prone to cash theft unlike with a credit card. With debit cards,the culprit can withdraw all the cash in your bank account once he had the chance to know your pin number but with credit cards, when it is stolen and you put a block on your account, the culprit will be left with a few cents worth of plastic. So I applied for a credit card and since I have a good source of income and no current loans, my credit card application was immediately approved. After a few years, I begun to receive pre approved credit cards in my mail. Being a good payer attracts a lot of credit card companies. But one fateful incident put a tow on my credit standing. There had been a family emergency and I was left with no choice but to use my credit cards in paying for the bills and other expenditures. My credit card bills were so much I could not afford to settle them all with my biweekly salary. So the interest charges soared high and I begun to have delinquent payments. Soon I begun receiving collection calls from outside collection agencies and the when I checked on my annual credit report, the numbers were so poor, I could not even quality for a cash advance. I know I can pay off all my late payments soon but without a credit card, doing business transactions like shopping and paying utility bills is very inconvenient. Good thing I learned about the credit cards for poor credit online. I can actually get a bad credit card even if I have less than perfect credit score. The application process is easy and fast.