Why should anyone consider using a prepaid credit card? First of all booking or ordering almost anything without having a credit card is near impossible, or at least incredibly inconvenient and downright embarrassing! In today's society not having a credit card effectively isolates you
from the convenience of the modern economy. if you don't believe me try renting a car, booking air tickets or reserving a hotel room or even theater tickets without one!
The simple fact is that not everyone qualifies for an unsecured credit card (for unsecured credit card read "normal credit card"). Normally this is down to previous credit problems. Everything involving credit comes down to a computer credit score nowadays and unfortunately computers don't care about your divorce problems, that you were laid off last year or that you had some unexpected emergency outlay such as major home repairs - if you have a low credit score then you will not get approved for lines of credit and having a conventional credit card is not an option. Gone are the days when you could perhaps discuss your problems with a friendly bank manager who knew your history, computers decide on your eligibility for credit using raw data from credit institutions.
The simple fact is that not everyone qualifies for an unsecured credit card (for unsecured credit card read "normal credit card"). Normally this is down to previous credit problems. Everything involving credit comes down to a computer credit score nowadays and unfortunately computers don't care about your divorce problems, that you were laid off last year or that you had some unexpected emergency outlay such as major home repairs - if you have a low credit score then you will not get approved for lines of credit and having a conventional credit card is not an option. Gone are the days when you could perhaps discuss your problems with a friendly bank manager who knew your history, computers decide on your eligibility for credit using raw data from credit institutions.
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Mrs. Micah
Posted on 09/23/2007 at 6:09:00 PM