Credit Cards for Bad Credit or No Credit
When you apply for any kind of credit, the lending institution will run what’s called a “hard inquiry” or “hard pull”, which is a formal credit check that requires your approval. This check is intended to give lenders an opportunity to evaluate your reliability as a loanee, and sometimes will take a few points off your score.
While a few points here and there won’t ultimately impact your credit score, repeated attempts to secure new means of credit –– like persistently applying for credit cards that are out of your credit league –– will. Lenders think that you’re desperate for credit, which isn’t a good look for you, or your credit history.
Make sure that when you are researching credit cards, you keep in mind your personal financial history, credit score, and payment reliability, so you can select and apply for a card that makes sense for you.
I’m a very satisfied customer of Rising Point Solutions. They helped me fix my credit sooner than what they had expected. To think all the lenders I met with told me not to use a credit repair company. I stuck with Rising Point Solutions and found the right lender to help me purchase my first home due to my new outstanding credit score.
I signed up in July and by November 3 I was closing on my new house. Brandi Clingerman was such a help when I would feel overwhelmed with the process, she assured me it would be okay. I also loved how I did indeed have an end of contract review by email.
Thank you Rising Point Solutions!
Thank you for the guidance, I really appreciate that you recognized that our situation wasn’t a good fit for your services and yet you were still willing to offer direction. I have your information and will send any referrals your way. Much appreciated!
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