Credit Card Answers

Hello, Crystal. Thank you for contacting us. You see, limited credit is a pretty serious problem, especially in the current financial situation. Customers with limited credit are a bad risk for lenders. And now that banks and credit companies are going through, probably, the most trying times, they are more deliberate than ever in their choice of potential customers. Even good credit histories go through a thorough check. We are afraid, you, being a customer with limited credit, will hardly qualify for a deal with $10,000 credit limit. What you can be eligible for is limited credit cards. They come with a lower credit line. The maximum credit limit a low score owner can have, as a rule, do not exceed $3,000. there can be exceptions, though. A secured credit card can be another option for you. But initially, secured cards cannot give you a credit line exceeding the amount of your deposit. When getting a secured offer you deposit a certain amount of money. And you get a credit limit of, actually, the same amount. In order to obtain a deal with this big spending limit you will need time and effort you will make to improve your credit score and payment history.