If you own a credit card, you'll find it incredibly useful and convenient to use for buying shopping, paying for purchases online and for life’s little emergencies. If you don’t have a credit card because your credit score is low, the best way to improve that score is to start using credit again sensibly and responsibly.
It's one of the easiest ways to improve credit rating. If lenders see you that you successfully repay the money you borrow, they’re more likely to forgive previous late payments or defaults. Borrowing money and paying it back on time is the main way lenders and creditors can check your reliability. Many companies are now providing credit cards specifically for people with bad or no credit rating.
aqua provides many credit card for bad credit to people who may have suffered from credit problems in the past. The application is simple and you can complete it online. You may even get a response within a minute. There are a couple of different cards to choose from, including the Classic card which has an initial credit limit of between £250 up to £1,600, and the Advance card which rewards the cardholder for managing their finances with the promise to reduce the interest rate charged by 5% every year for three years from an initial 34.9% if payments are made on time. Representative 34.9% APR (variable).
aqua is the ideal credit card provider for someone who has been previously out of work and is now back in full-time employment, or someone who is on a low but regular income. Another category of people who could qualify for an aqua card are those who’ve moved to the UK from another country in the past few years. aqua assesses applications on a case-by-case basis.
It's important to check your credit rating using a free online credit checker before you apply for your credit card. Rejections from credit card companies are recorded on your credit file and can impact negatively on your credit score.
If you’ve previously had credit problems and you’re nervous about borrowing again, aqua will provide you with a low credit limit to start. The low limit will be more manageable and you won’t have to worry about getting into huge amounts of debt if you happen to miss a payment. How much you’re offered depends on your financial situation and current circumstances.
A bad credit record doesn't condemn you to a lifetime of no access to credit. If you manage your finances sensibly and responsibly, regularly borrowing credit and paying it back, you’ll find yourself in a much better money situation in as little as six months.