Best Credit Repair Cards

Affordable " credit cards, which cost you 39%.

Cashless borrower are available credit cards installments of up to 3939 per cents, although they apply for a much lower applied business. In the run-up to Christmas, credit cards with no interest are sold to borrower customers by bankers. Most credit cards have a fixed interest term of "0 per Cent", followed by an interest term of around 18 per Cent.

However, according to the Office of Fair Trade regulations, credit cards must only pass on the applied "typical" annual percentage rate of charge to 51 per cents of their clients. A higher instalment may be available for the remainder of the applicants' 49?per cents. The Halifax All In One for example promotes 15 month interest-free all-in-one cards for account transfer and purchase.

However, the bench acknowledges that only about 51 percent of candidates get the full 15 month. When you have a good credit record - that is, you are a dependable debtor who pays your invoices on schedule - you are more likely to be quoted the announced interest rates. But if you have a bad credit record - for example, you have fought to repay debt on schedule - you may be offered a higher installment.

Actually, there is no way to know what tariff will be available until you submit your bid - and by then the credit request has already placed a trace on your credit record. That means that candidates are likely to take the bid, no matter how high it is, because they do not want to request another loan for anxiety to damage their credit files.

Several requests for credit looks poor on your record because it looks like you are frantic for money. Those are pricey, with annual interest of up to 35 per cents, so they have to be disbursed every single months. When you can do this for a year or so, you will demonstrate that you can use credit in a responsible way and are more likely to be acceptable for a best-buy-ticket.

Specialised credit repair card suppliers are Aqua and Vanquis Bank.