Your credit says a lot about you, and it may not be very peachy. What is yours saying about you?
Credit is cyclical animal. If you make on-time payments and keep track of your bills, you have little to worry about in the realm of personal finance. However, if you have fallen behind and earned yourself some less than stellar marks on your credit report, it’s not a financial death sentence. Because credit is a cyclical beast, rebuilding credit –or even building it for the first time—is easy with the right tools.
Secured Cards
One of the best ways to build credit is with the use of a secured credit card. First Premier bank offers a multitude of options to consumers with challenged credit in this area, in addition to specific tools to help you stay on the financial straight and narrow.
A secured card proudly wears a Visa or MasterCard logo, and is eligible for purchases at online merchants and in store retailers around the world. The great thing about secured cards is that these tiny plastic squares put you in the driver’s seat to rebuilding your credit. You pay a deposit fee, and that payment is then rolled over to your credit limit. For instance, if you deposit $500, your credit card limit is $500. After paying your First Premier card regularly for about six months, you are rewarded with unsecured credit limit increases, in differing increments. With each increase, your credit improves. The more responsible you are, the better the benefits from First Premier.
First Premier offers superb secure credit card terms to consumers with less than perfect credit. In fact, some of their offerings include a secured card only requiring a $95 deposit for a $300 credit line, if you qualify. You pay zero interest if you pay off your bill in full at the end of each month, and by paying the bill in full at the end of every month, you build good credit faster.
Getting a secured card with First Premier bank is as easy as pie. They offer online application and approvals, so you know immediately what you qualify for, and have access to other credit management services from the website. Identity theft protection, credit monitoring, online bill payment, fast and secure transactions and real time account alerts are just some of the features that come along with the services from First Premier. What are you waiting for? Your credit says a lot about you, it’s time to make it sing your praises with a little help from First Premier bank.