Friday, October 31, 2008

Card to build credit (Get out of debt!)

Financial Problems

In today's society having credit is vital and there have been many people that were not educated or informed on the proper use of credit. I want to let you know that there is hope for you out there to rebuild your credit slowly. If you have the drive to be debt free and rebuild your credit you can do it.Credit in today's society can make or break you. It all depends on how well you can handle your finances and control your spending. People with good credit receive many benefits where as if you are on the other end of the spectrum your life can be very miserable.Having credit or good credit determines if you can get a cellphone without a deposit, finance a car, take out a mortgage or receive loans.

There are certain credit cards that promise you help to get out of debt but instead you get into more debt. These credit cards are for people that do not have that great of credit they give you a credit line but most of it is deducted because of the fees. Therefore what was once $200 in credit is now only $75. These are the worst type of cards because they have high interest rates.

AccountNow Vantage is a prepaid debit card which means you do not have a credit line but you can control your spending by depositing money onto it and using it like a debit card. The good thing about the prepaid card is that they report to all three credit bureaus which is a good way to improve or build your credit. If you are in Chexsystems you can use this card as a checking account.

Benefits of AccountNow Vantage:

100% Approval (No waiting to see if you are approved)

No Credit Check or Check Systems Verification

No overdraft fees

Safer to use with Zero Liability Coverage

Helps build credit through PRBC (A national credit reporting agency)

Friendly customer service

Direct Deposit

Accepted anywhere there's a Visa or Mastercard logo

To learn more or to apply:
AccountNow Vantage Debit MasterCard



AccountNow Vantage Debit MasterCard

What is PRBC and how can it benefit me?
PRBC will compile your bill payment information and create a Bill Payment ScoreSM(BPSSM). PRBC is a credit reporting agency just like Experian, Trans Union, and Equifax, but it is the first to give consumers a choice and an equal opportunity to show that they pay their bills on time.

Also, unlike the other national credit bureaus, PRBC does not charge consumers to view their own data, and does not sell mailing lists. PRBC makes money by selling credit reports for "permissible purposes" under the Fair Credit Reporting Act, with a consumer’s authorization.

You will be able to log-in to PRBC.com, create a user name and password so you can review your personal file, add account information at any time -- all at no cost.

Who may use the PRBC information:
Home loan associations like Freddie Mac and Fannie Mae and Citicorp Mortgage use bill payment information as part of their decision making process for home loans.

Soon, other companies including auto loan, credit card, and insurance companies may start using Bill Payment Scores to comply with the Nation's Fair Housing and Fair Lending laws.

PRBC will only release your bill payment information with your permission to authorized PRBC subscribers who have a "permissible purpose" under the FAIR Credit Reporting Act to view it.

Tips on using your prepaid card:

When applying make sure you choose the report to credit bureau option.

Document how much you have on your card and set a budget

Important: Activate AccountNow Bill Pay and add the FREE AccountNow Credit Builder service. (Follow instructions, payment reports go through PRBC)

Use the card to pay bills and enroll in automatic payments (this will help build credit)

Direct deposit options will waive the activation fee and it's more convenient because you do not have to go to a moneygram store, etc to deposit.
Financial Problems

In today's society having credit is vital and there have been many people that were not educated or informed on the proper use of credit. I want to let you know that there is hope for you out there to rebuild your credit slowly. If you have the drive to be debt free and rebuild your credit you can do it.Credit in today's society can make or break you. It all depends on how well you can handle your finances and control your spending. People with good credit receive many benefits where as if you are on the other end of the spectrum your life can be very miserable.Having credit or good credit determines if you can get a cellphone without a deposit, finance a car, take out a mortgage or receive loans.

There are certain credit cards that promise you help to get out of debt but instead you get into more debt. These credit cards are for people that do not have that great of credit they give you a credit line but most of it is deducted because of the fees. Therefore what was once $200 in credit is now only $75. These are the worst type of cards because they have high interest rates.

AccountNow Vantage is a prepaid debit card which means you do not have a credit line but you can control your spending by depositing money onto it and using it like a debit card. The good thing about the prepaid card is that they report to all three credit bureaus which is a good way to improve or build your credit. If you are in Chexsystems you can use this card as a checking account.

Benefits of AccountNow Vantage:

100% Approval (No waiting to see if you are approved)

No Credit Check or Check Systems Verification

No overdraft fees

Safer to use with Zero Liability Coverage

Helps build credit through PRBC (A national credit reporting agency)

Friendly customer service

Direct Deposit

Accepted anywhere there's a Visa or Mastercard logo

To learn more or to apply:
AccountNow Vantage Debit MasterCard



AccountNow Vantage Debit MasterCard

What is PRBC and how can it benefit me?
PRBC will compile your bill payment information and create a Bill Payment ScoreSM(BPSSM). PRBC is a credit reporting agency just like Experian, Trans Union, and Equifax, but it is the first to give consumers a choice and an equal opportunity to show that they pay their bills on time.

Also, unlike the other national credit bureaus, PRBC does not charge consumers to view their own data, and does not sell mailing lists. PRBC makes money by selling credit reports for "permissible purposes" under the Fair Credit Reporting Act, with a consumer’s authorization.

You will be able to log-in to PRBC.com, create a user name and password so you can review your personal file, add account information at any time -- all at no cost.

Who may use the PRBC information:
Home loan associations like Freddie Mac and Fannie Mae and Citicorp Mortgage use bill payment information as part of their decision making process for home loans.

Soon, other companies including auto loan, credit card, and insurance companies may start using Bill Payment Scores to comply with the Nation's Fair Housing and Fair Lending laws.

PRBC will only release your bill payment information with your permission to authorized PRBC subscribers who have a "permissible purpose" under the FAIR Credit Reporting Act to view it.

Tips on using your prepaid card:

When applying make sure you choose the report to credit bureau option.

Document how much you have on your card and set a budget

Important: Activate AccountNow Bill Pay and add the FREE AccountNow Credit Builder service. (Follow instructions, payment reports go through PRBC)

Use the card to pay bills and enroll in automatic payments (this will help build credit)

Direct deposit options will waive the activation fee and it's more convenient because you do not have to go to a moneygram store, etc to deposit.

6 comments:

Lydia said...

Thanks for posting this article. This is very useful information for anyone who is in debt. I had never heard of AccountNow Vantage MasterCard before, but now that I know it is an option I might try it.

Curtangel said...

I've seen those prepaid cards before - I had never thought of them as a way to rebuild credit. What a great idea!

khushe said...

I totally agree with the use of debit card. I am against using a credit card. AccountNow Vantage MasterCard seems to be a wonderful option to control your expenditure and rebuild your credit too.

Marie-Jeanne said...

What I like about them is also to be able to buy some products from Internet. For a deposit on car & hotel rental.

Ashok K.Jha said...

This is very useful information at this financially turbulent juncture.One should never leverage debt beyond paying capacity.I hope many readers would benefit from your insight.

overbrookmom said...

This will certainly help keep track of your spending and force you to stay in your budget- a great idea for everyone

Pay Your Bills Online - Safe & reliable Prepaid Visa Card. Easy online payment, pay all bills!