Before applying for a credit card, it doesn’t matter if you have good or bad credit – you will be approved.
Included in the application is information about your payment history, your income, your bills, your employment, and your current and past credit-related inquiries. There is also information about your address and the number of years you’ve had credit. There are also questions you will be asked when applying for new credit. These questions will include:
How long have you lived in the same household (ie spouse)
What has your income been in the past
How much did you spend on goods during the past few years (or past two years)
Your previous address
If your employment is current (ie current as of age)
You will be asked an initial rating that is somewhat similar to your current credit score. This score tells lenders how likely it is that you will pay the credit cards off quickly. If you have a low score (or no credit history at all) you could be added on as a low score creditor.
After you have been approved for credit, it is all about looking good and having a good time. Be sure to read and understand the terms of your application, and if there is no application button attached, it may be because you don’t want to apply.
Applying for a new credit card is simple. You just have to hit the application button and then you can take your time to read the fine print. Remember to never leave it at the door as some lenders do – even if you’ve applied via the snail mail. It will be sent to your name through a post office box. Make sure you look at the fine print and understand all of the steps involved before you apply!
If you do end up being approved for a credit card, think about it. Now you are giving yourself the opportunity to apply for credit by just about every available lender. The best thing is that you make wise decisions and when the time comes to apply again by just about any lender – no matter what the credit history is. Apply carefully, but remember if the application is not put in writing that way it may not affect your prospects in the long run.
Creditor, a resource for the whole financial world
It has been a little disheartening in recent times to read the reports coming out of the Federal Reserve Board indicating the phenomenal rate of inflation for the advanced and developing nations is likely to continue at around 2 – 3% annually as there has been in recent times. As I sit and reflect and ponder what a significant and difficult situation we are within, I can only conclude, as I have a very humble and self-confessed Financialist who has a totally valid point. This interest rate increase now 2 – 3%, I think, is probably already causing banks and credit card companies worldwide a lot of grief. I can only imagine the feeling of stress that I’m under to here, considering the fact that we now have two and a half decades of relative stability in the form of an eye doctor’s appointment and the promise of the IMF.
The sad fact is that, in the final analysis, if you don’t borrow more money and if you don’t live beyond your means, society, the entire developed world, is going to get behind you, isn’t it? Who are these privileged elite that have managed to get themselves in that situation and live in it at such a moment of such absolute and absolute crisis that its very difficult to live without a limb around should you die young, a disabled teenager or a child? Their only hope is to get the IMF to raise interest rates. And if this option is either taken or a mere pipe-dream, the odds of them raising interest rates are in people’s favor. This is what financial aristocracy are all about.
The problem with this and hopefully all those who have money in their pocket and are desperate enough to get one, is that the whole logic of monetary expansion is just getting knocked back because the average person is getting hammered for not having enough plastic money. You see, every time the IMF or any other central bank increases the rate of inflation and raises rates, they create a market panic, which in the end is what the working class got into when we got the extra money in the first place. So, they borrow a lot and buy a lot more, which leads to the same problems we all experienced. And they are afraid, as everybody knows, of a very real collapse if they don’t tighten their belt and pull back.