After college, one starts a new life. They may be working and then needs to buy house, a car, and all the luxuries for comforts. But, getting it all at one time is not possible and therefore one will opt for the credit facility.
But one must be aware that for the approval of the credit it is needed to have the credit score document. Nevertheless, one will need that these score statements are available at instant. Then you are not needed, to worry as you can turn on to the free credit score online service.
Obtaining this card is quite simple on the internet. You would find n number of banking institutions offering you prepaid cards, What you need to do is scan carefully through them, compare their deals that they are offering and then make a choice carefully.
You just need to fill a simple online application form, which would be given on the website of that company. They would send you a card with the PIN number and you can get started by getting it activated You can avail this facility, even if your have a stained credit record as the process of credit check is not followed in this case.
Once you pay these companies, you will simply lose your money and end up exactly where you started from. Some companies have been known to work on 10% of a file just to show you that they have done at least something. Years ago, the government stepped in and regulated the industry, which now does not allow any upfront fees until the work has been completely performed. Did this stop credit repair companies from charging large upfront fees? Of course not! Like they say – an Order of Protection is only effective if the person follows it. Simply having an Order of Protection doesn’t actually keep someone away from you if they choose not to follow it. Sadly, the government stepped in, but many credit repair companies continue their large upfront fee structure anyway.
I’ve always been wondering to ask these companies some questions. Such as, I’m paying a large fee, so what happens if you complete only 15% of what I paid for? What happens if you complete 80% but 50% of it comes back within 24 months? What happens if you shut down? What happens if the creditors say that they will not work with a credit repair agency? The list just goes on and on. Truth is, they can say anything they want, but you and I both understand that once they have your money, you aren’t going to be getting it back. Trying to abide by the government’s role in this industry, there are also a handful of companies which will offer you a monthly flat fee payment and promise you that they will handle your entire credit file for a small monthly fee. Problem is, with the low rates that they are charging and the tens of thousands of clients that they have, they cannot offer you any personal attention and they merely provide a very simple service, to say it nicely. Think about it – if they are charging you $ 59 per month and they are handling your entire file, how many hours can their paralegal / attorney spend on your file. If the company is getting away with paying their attorney $ 50.00 per hour or a paralegal $ 15.00 per hour, that means that in order for the company to generate any form of a profit on you, they would have to instruct their attorney to spend less than 1 hour on your file each month. They would have to inform their paralegal to spend less than 3 hours on your file each month. If the company employee’s paralegals only, then you’ll be getting around 3 hours of work each month, at the absolute maximum. If they employee attorneys only, then you will be getting 1 hour of time each month, at a maximum. If they employee paralegals and attorneys, then you will probably be receiving around 30 minutes of an attorneys time and 90 minutes of a paralegals time each month, at a maximum. Overseas workers can surely be hired to save money. Is that what you feel you really deserve? Don’t you feel that you deserve more? Surely, if you are hiring the company to fight one late payment for you, then perhaps the time that the company will spend with you each month is fine.
But if you need help with 5, 10, 20 items on your credit report each month or just a few items but all of which are difficult, how will they be able to actually help you? Another thing to keep in mind is very important. If the company is charging you on a monthly basis and continues to receive monthly payments from you, why would they ever inform you that your file is complete, please do not send us any more money? As long as you continue paying them, they will continue to drag and drag your file. This means that it may take them 10x longer to handle your file as compared to someone who doesn’t have an interest in keeping you for the long-term on monthly payments.
These are quite simple and easy to handle and are also cost-effective that any other debit or credit cards as far as check casher is concerned.
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