You may have seen advertisements that talk about “guaranteed acceptance” credit cards. Many of these “guaranteed cards” claim that you don’t need to go through credit checks, employment checks or any other verification in order to get a MasterCard, VISA or AMEX credit card.
These “no check/guaranteed acceptance” cards are aimed very firmly at people with bad credit who may have been turned down by other lenders.If you suspect it all sounds too good to be true, you’d be right! Look closer and you’ll see that what they are talking about are credit cards that require you to make a substantial security deposit or pre-paid cards where you can only spend what you’ve loaded on the card in the first place.
There is no such animal as a “guaranteed credit card”. All applicants for a credit card (or any other form of credit) are credit scored, no matter what the card or who the lender may be. No one can “guarantee acceptance” for a credit card and if you have a bad credit rating it will be difficult (but not impossible) to get one. The only sure fire way to increase the chances of being accepted for a credit card, no matter what your circumstances, is to address the issue of how to improve credit rating? Every lender has their own system for identifying who they will and will not accept for a credit card.You might have been turned down because your credit file has adverse entries like a number of late or missed payments on existing credit agreements. If you have unsatisfied CCJs on your file this too will impair your credit score and make it less likely that you’ll be accepted for a credit card.
You can check your own Credit Report yourself for just £2 by using Internet-based services like Credit Expert or you can write to the Credit Reference Agency which must reply in 7 days.If the data they hold about you is incorrect you can demand that it is changed or removed.If you do this and continue to manage your existing credit sensibly, then your credit record should improve over time and your chances of getting a credit card increase dramatically.
