The Continental Finance MasterCard is a sub prime unsecured credit card. This means it is a card that was created for individuals with a bad credit rating.

This card has an initial credit limit of $300. With semi-annual credit limit increases up to a maximum limit of $2000.

Your card will report monthly to all three major credit bureaus. Thus providing you a way to re-establish and rebuild your credit score.

This card can help your credit score because by paying your monthly bill you will create a positive payment history. In addition by opening this account it will improve your ratio of credit to debt.

These two factors carry a lot of weight when your credit score is being calculated. We do encourage you to remove any derogatory items on your credit report too.

This card is unsecured which means there is no initial deposit, however because of your low credit score they will charge you an annual fee. Unfortunately this is an unavoidable cost and you will have a fee with any credit card you open with a damaged credit score.

It does offer 9.75% APR, which is well below the standard 19% APR that most sub prime credit cards offer. It is accepted at millions of locations worldwide.

There are easy approval requirements including no minimum income. You can still qualify for this card even if you have a recent bankruptcy on your credit. They offer an instant decision if you apply online.

This card is issued by the First Bank of Delaware. This bank has been a leader in sub prime lending for years.

With this card you will have free online account access. You will be responsible to pay your monthly bill and keep your balance below your limit.

The alternative is a secured credit card. However with this card it will take you longer to rebuild your score because this card is reported to the bureaus as a secured line of credit.

Or you can get a shopping card. We do not suggest these cards because they come with monthly fees, a large deposit and often only report to one bureau.

In sum we do suggest the Continental Finance MasterCard to anyone looking to re-establish their credit rating. This card will help by improving your ratio of debt to available credit and can build you a positive payment history.

Tags: arts, arts, music, entertainment, singing tips