Remember that exciting day when you got your first credit card offer sent to you in the mail? That shiny plastic card gave the promise of freedom. The freedom to buy whatever you wanted, whenever you wanted. So maybe you went a little crazy with it? We all do; it happens. Then you start getting the bills in the mail and find that they are much less exciting. By the time your credits card company starts hounding you for money, jacking up the rates, and ruining your credit score, the whole experience loses its lustre.
ALSO READ: 4 Ways to Get a Loan Without Credit Check
The Hard Truth About Credit Cards
Credit cards might seem like a convenience, but in the long run, they can land you in a lot of trouble, and it’s often more trouble than it’s worth.
Credit card companies always love to dig into folks when they’re young and turn them into customers for life. At first, this starts as a voluntary process, but once you get into them for a few grand, you can end up getting stuck with them for life.
These companies are mostly predatory when it comes to people with poor crest scores. Having a bad credit score doesn’t mean that you won’t get any credit card offers; it just means that most of the credit card offers you get will be bad offers.
For example, say your credit score is something ghastly like 275. You’re running behind on your bills and need a quick way to leverage some money to keep the electric or the water on. Then you get a credit card offer in the mail that’s glimmering with promises. At this point, you’re too desperate and run down to read the details, and you apply for it, activating the card right away. Then, you use the car to pay some bills and have a ministroke when you get the statement in the mail. Instead of only seeing the charges you made to pay bills with, you spot a nasty extra $200 slapped onto it. Furious, you dig out that old paper you got in the mail when you were first invited to apply. Now you see the devil in the details, outlining a “clever” clause stating that you would be charged $200 immediately upon activating the card.
This is how credit card companies ruin lives and it happens more often than you’d like to think.
What’s the Alternative? You Just Found it. Welcome to the Cash Advantage Family
For folks who are struggling to qualify for any other kind of financing besides even more credit cards with abominable interest rates, there is another way. Perhaps you’ve been discouraged from the barrage of rejection letters from banks?
Fret not, other options are available and they are comparatively much more attractive options than adding yet another credit card into the mix. If you have bad credit, you can still qualify for payday loans, and title loans, here’s how they work.
You can qualify for a title loan by virtue of having a title to an operational vehicle. If you have the title, then you already have the collateral, meaning you will have no trouble being approved for the loan.
Another option is to apply for a payday loan which you can qualify for so long as you have a paycheck coming your way from an employer. Have a job? Then you can borrow the money you need right now and defer the payment until one of your next paychecks comes in. Sound simple? That’s because it is, and beautifully so! Both title loans and payday loans are delightfully simpler than conventional bank loans.
Cash Advantage is one of the most respected creditors offering title and payday loans in Victoria, British Columbia. When you need cash fast, you need Cash Advantage!
Don’t max out another credit card, call Cash Advantage instead and get the break you’ve been looking for!