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What are the pitfalls of 0 interest credit cards?
The first thing to know is that most credit card companies that offer 0 interest credit cards are trying to sell a product. It is important to know what the interest is for a credit card that says there is 0 interest for a year after that year is up. Most interests skyrocket after that first year when people have already built up their debt.
What can one with poor credit do to obtain a credit card?
There is an online site, called 'credit' that can easily sell you a prepaid card. You can start out with this card and you can improve your credit, as prepaid cards do not impact your credit.
Why do businesses honor credit cards?
Because they want to sell things or services to people. If you do not have cash but have a credit card, you buy more things.
Which company sells prepaid business credit cards?
American Express is a very reliable and major firm in the financial industry and the business sector. They also sell prepaid and re-loadable credit cards with services for businesses also offered.
What do credit mortgage companies do when faced with someone with bad credit?
Some companies are capable of underwriting their loans to customize them to meet the needs of their customers. It is very difficult for the banks to buy and sell mortgages when they underwrite them. Most major banks will not change the terms of their loans for this reason.
