No credit? 3 steps to qualify for a great credit card - PowerPoint PPT Presentation

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No credit? 3 steps to qualify for a great credit card

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In such a situation, getting a credit card becomes difficult. – PowerPoint PPT presentation

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Title: No credit? 3 steps to qualify for a great credit card


1
No credit? 3 steps to qualify for a great credit
card
A credit card is a swipe in and swipe out easy
financing tool. It lies in your pockets and gives
you financial support when you dont have cash.
However, since a credit card is unsecured, the
eligibility criteria is high. An individual with
no credit record or background can not get a
credit card from any bank or non-financial
institution easily. However, the good news is
that there are some steps that can get you a
credit card.

2
What is no credit?
  • A no credit situation is the worst one that
    someone can face in life. However, this situation
    is not an emergency but a self-created one. This
    happens when an individual is left with no
    credit. A bad credit score, insufficient
    financial support, a bad credit record, a messy
    credit report and a negative approach to credit.
    This is a no credit situation where an individual
    is not entitled to any kind of borrowing
    opportunities with any bank or financial
    institutions. In such a situation, getting a
    credit card becomes difficult.

3
Steps to qualifying for a credit card
Credit builder loan The credit builder loan is
not a very popular one, but it does exist. Here
you will have to pay the loan installment to the
loan provider before he offers you a loan. You
pay a small installment and then he pays you back
the entire amount at once. Why this? The payments
that you make get registered with the credit
bureaus. This will help with credit building from
scratch. These payments will be accounted for and
your credit will rise. Apply for small business
loan.
4
  • How is your score calculated?
  • Open a secured credit card After making a small
    payment, you will receive a good amount of funds
    from the loan provider. Instead of spending that
    small windfall, take it and use it as a deposit
    on a secured credit card. Secured credit cards
    require a cash security deposit, which is usually
    equal to your credit limit. This will help in
    building good credit stability.

5
  • How to Improve Your Credit Score?
  • Apply for a credit card By now you will be able
    to build your credit and you can now get a credit
    card easily from any reputed bank. It gives you a
    credit card along with a good credit record.

6
Clix Capital Services Pvt. Ltd.
  • Address
  • 901b, 9th Floor, Two Horizon Centre, DLF Phase V
  • Gurgaon, Haryana, India 122002
  • Phone Number 1800 200 9898
  • Website https//www.clix.capital/check-credit-sco
    re

7
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