Summary of ForTiva's Executive summary You can quickly review the list of best credit cards for poor credit from what we consider to be the best options available on the market. In this article we will look at the two most recent offers from ForTiva – the Fortius Platinum Card and the Fortius Ultra Slim Debit Card. Both of these credit cards have been designed with their clients in mind, giving them a range of features and benefits. The main focus of these types of credit card offers is to help those with less than perfect credit to re-establish a good credit history and build a solid credit score that will help them over time.
So what can we learn from these two offers? The first thing that you need to know is that the rates offered are very similar, although of course for different levels of service. The biggest difference between the cards is that the Fortius Platinum Card comes with a 15% application fee when you apply online. This does include the introductory rate, which is quite low as well, and there are no maintenance fees when you pay your balance in full each month. On the other hand, the fortius ultra slim card comes without any annual fees and there are no balance transfers. This means that this is another card that makes an excellent choice for those with poor credit histories, offering plenty of benefits at a low cost.
As well as providing an excellent choice for those looking to improve their credit scores, the two offers from fortiva credit bureaus also allow you to reduce the risk of late payment fees by reducing the number of days you stay above your credit limit. Each card has a different threshold which means that you will receive different benefits, but all will significantly reduce the risk of an interest rise and ensure that you pay off your debt more quickly. Many people will only have a few days to pay off their debts and, if they do not manage to do so, the penalties can soon mount up and ruin their credit score. By sticking to a regular repayment schedule, you ensure that this does not happen and, as a result, receive a much better FICO score.
If you need a quick boost to your score, there are several other ways that you can use a credit card to boost it. One of these is to go shopping and use all of the cash you receive on your purchases to pay off as many of your outstanding debts as possible. If you only have a small amount of money to spend each month, you may be able to apply for a little credit to help you improve your financial position. This can be done with an APR loan from the on-line lender and, if you make repayments on time, you will see your APR gradually reduce. It can take up to six months for this to show, but in time you should be able to pay off more than half of your outstanding balance. Again, this will greatly improve your credit score.
Another way that a credit card issuer can affect your score is by making late payments. Each and every late payment go onto your record. Each and every late payment also have a cost to the credit bureaus. They report late payments to the three credit bureaus and, if you are late with a payment, it will also be reported to the credit bureaus. If you cannot afford to make on-time payments, then it may be best for you to search for a lower interest rate card. If this proves difficult, you could approach the on-line lender and arrange a reduced interest rate.
There are also some unsecured cards from on-line lenders that can work to help you get approved with low credit scores. The key here is to be prepared to demonstrate that you are financially capable of paying back the monthly installment. If you can show that you will be able to make the monthly payment and the security deposit each month, then you will be able to get approved. This is usually the main reason that people want to get unsecured cards in the first place, because of the lower interest rates.
