Bad Credit? Centennial Gold Credit Card Maybe The Answer

Bad Credit? Centennial Gold Credit Card Maybe The Answer
The Centennial Gold Credit Card is a MasterCard or Visa
that has been specifically created for those who suffer
from bad or damaged credit. If you are one of the millions
of people in this world, who have stumbled upon hard times
and it resulted in damaged credit, this may be the answer
you have been looking for. In this day in age, especially
with the new bankruptcy laws, it may not be the choice for
you. With all the fees associated with filing bankruptcy,
the hassles, the counseling, the lawyers, and perhaps the
reality that you may lose some of your possessions many
people are looking for other alternatives to repairing
their credit.

While some people may think credit cards are not the way to
go when you are trying to repair your credit, it is
important to realize if they are used in good taste, they
are an excellent way to fix your bad credit. You see, even
if you have poor credit, if you ever want to build and
repair your damaged credit you have now, you will need some
sort of credit to show creditors that you have learned from
your mistakes and are on the road to recovery.

The problem is finding someone who is willing to give you a
new start. This is where the Centennial Gold Credit Card
comes in handy. This credit card is specifically for those
looking to repair their credit. This credit card comes with
a lower than usual APR, especially when it comes to cards
for people with poor credit. However, there are penalties
of course, as with most credit cards. If you were to
default on your payments or not make a timely payment twice
within six months, you will face a stiff penalty. The
general APR is fixed at 9.9%. However, if you default
twice, it becomes 19.9%.

Furthermore, the Centennial Gold Credit Card comes with a
variety of fees and charges during the first year of use.
For example, you will be charged a fee of $48 annually and
to set the card up you will be charged a $29 fee. Then you
will be access a fee monthly, called a participation fee,
which costs $6, and a $95 program fee.

However, fees aside, it is the perfect credit card for
those wanting to fix their bad credit. Your credit line
will continue to rise as you prove yourself credit worthy
over time. The card also comes with a variety of benefits
such as security and protection against fraud and internet
services. However, the greatest benefit is being able to
get back on the right financial track after experiencing a
set back with bad credit.

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Liz Roberts is a loan consultant with NewHorizon Finance
and has been providing consumers and business owners with
financing since 1989. For a list of unsecured credit cards
for people with bad credit please visit this site
http://www.newhorizon.org/Info/unsecured.htm