If you are in bad credit situation, you may have a hard time trying to find a loan. If you find a lender who will give you one, the interest rate charges will be high. Do not lose hope yet. You can improve your credit with guaranteed approval credit cards. Apply for a guaranteed approval credit card here https://www.newhorizon.org/Info/guaranteedcredit.htm

1. Tips To Consider When Selecting
Guaranteed Approval Credit Cards
BY: www.newhorizon.org

2. If you are in bad credit
situation, you may have a
hard time trying to find a
loan.
If you find a lender who will give you one, the
interest rate charges will be high.

3. Do not lose hope yet.
You can improve your credit with
guaranteed approval credit cards.

4. Typically, guaranteed approval credit cards are
of two types:
1. Secured Credit Cards
2. Catalog Credit Cards

5. Secured credit cards
● You have to put down a security
deposit on these accounts.
● As long as you are willing to pay the
deposits, most organizations will
accept you.
● Secured credit cards are flexible and
also do not charge expensive fees.
● If you manage to pay your balances on
time, they can last up to two years
before they become unsecured.

6. Catalogs That Offer Credit
● With these cards, you
can buy items through
the issuer’s catalog.
● Also, you can get a high
credit limit.

7. Consider these tips when selecting a
guaranteed approval credit card

8. Monitor the fees.
Guaranteed approval credit cards
vary. Just because a company is
offering instant approvals, it does
not mean you should sign up with
them.

9. Rebuild your credit history with guaranteed approval credit
cards.
You can re-establish your
credit rating with these
cards.
For you to build your poor
credit rating, ensure the
card you pick reports to
one of the three credit
bureaus.

10. Check that the card does not carry unreasonable costs.
It is nice to search for low-interest
rates but try not to go for cards
with exorbitant charges.

11. Read your contract carefully before signing.
Always read the terms and
conditions. No matter how
lengthy the document may
seem, take your time to read it.

12. For more information about Guaranteed
Approval Credit Cards visit
www.newhorizon.org/credit-info/

13. RESOURCES:
Catalog Credit Cards - https://www.newhorizon.org/Info/catalog-credit-
cards.htm
Secured Credit Cards - https://www.newhorizon.org/Info/securedcc.htm