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To avoid getting ripped off by prevalent bad credit card scams, we encourage you to keep the following tips in mind:
Do your own research
An extensive research on the acceptable features of bad credit-credit cards can help minimize, if not completely get rid of, your risk of getting ripped off by popular scams. After all, your knowledge about the reasonable interest rates, fees and charges, credit limits, and application requirements imposed on credit cards for bad credit can surely assist you in steering clear from programs that carry suspiciously-good features.
Furthermore, your research on the prevailing rates and terms of bad credit-credit cards can surely boost your likelihood of finding one that will most definitely suit your needs, personal preferences, spending habits, and, most importantly, your financial capability.
Learn from the experience of other consumers
Bear in mind that reading the reports and accounts of consumers who got ripped off by credit card scams can help strengthen your resolve to avoid dealing with newly-established credit agencies as well as with illegitimate card issuers. Moreover, you can gain guidelines from their experiences, which you can eventually employ while scouting for and inquiring about the credit card deals offered in the market.
Search for companies that work closely with the credit bureaus.
After all, this won’t just help you achieve your goal of rebuilding your credit history, by means of employing responsible credit and payment habits. You should also remember that having close working ties with the credit reporting agencies can serve as sufficient proof that indeed the credit agency is accredited by the federal or state government to extend lines of credit, especially bad credit cards, to consumers, like you.
Run background check
Make it a habit to run background checks not only on your target card issuers, but even to the firms you wish to do business with. Always remember that conducting personal investigation on such companies can help you realize where it would be safe to disclose your highly-sensitive information both in credit application forms as well as in shopping sites. In so doing, you can avoid becoming a victim of identity theft and credit fraud. At the same time, you can safeguard your credit history and even your financial prospects.
Know your rights
A lot of scam artists and fraudsters today take advantage of cash-strapped consumers, who are desperate to find and receive urgent lines of credit. Apart from imposing very steep rates of interest on the credit programs they provide, some may also require you to make excessive payments on processing, administrative, application or activation charges.
Still, you should remind yourself that you ALWAYS have the option to turn down such offers. In fact, by invoking your rights as mandated by the federal laws, you can surely prevent predatory lenders from taking advantage of you.
So, research on your special privileges as a credit consumer, as soon as you can. Then, let your knowledge about them help you find card issuers that will not only provide you with the credit card program you need, but also those who will honor and uphold your rights, despite your fair or poor credit history.
Canon Camera Bag :
October 25, 2010there are always scam everywhere so we should always be very careful when dealing with others`,:
Mony
November 15, 2010This is a great post with alot of information. There are alot of scammers out there promising you what they cannot deliver. One person told me how she even was scammed to giving her information when a form was sent to her house claiming that she qualified for some credit only to have her identity stolen in the process of the scamm. Thanks for sharing this with us and many will benefit.
Scott A. Simmons
September 14, 2011Thank you for taking the time and making the effort to provide concise and correct information. As of late there is a mass amount of mumbled junk spreading throughout the internet and it’s requiring more and more work just to find useful information. I also started a blog/site on bad credit loans and credit cards. It’s a growing issue.
lamesa
June 25, 2012Im looking to get a card but i whint with horizon is this a good card or what the thruet ples no ll ok.
Lora Hensley
November 12, 2013I believe Horizon is a card that can be used only at their online store, not an actual credit card. They also charge a fee to get the card.
C McCormick
January 22, 2013It is quite unfortunate that there are so many poor credit cards and so many people jump at the opportunity. These types of credit cards can only hurt the consumer, especially with the outrageous fees and rates that are associated with these cards. People just need to learn to pay closer attention and realize that there are many credit opportunities can be very poor financial decisions.
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