Scattergun 0% credit card applications can harm your credit rating
There are lots of places advertising 0% credit card deals. It's practically impossible to watch daytime TV without seeing adverts for credit. The business of selling money is big business.
That's because credit cards make huge sums of money for providers, and they're willing to fund the industry of attracting new customers.
That's because credit cards make huge sums of money for providers, and they're willing to fund the industry of attracting new customers.
But before you apply for a 0% credit card, here's something you should consider. When you apply for a credit card, companies check your credit score. And they have carefully designed processing rules that are designer to point out customers who will cost them money. If it looks like you are desperate for money and have applied for lots of credit in a short space of time, you may end up getting refused for a 0% credit card.
So its worth comparing products. You can find online guides from respected sites that offer views on how to pick the right type of card for you. And when by choosing the right card for you before you start to fill forms in, you won't need to waste your time or run the risk of harming your credit rating.
Added : Wednesday 20th February 2008 06:10
