The Horizon Gold Card is an unsecured shopping card. This means that it is only accepted at a designated website.
Because this card reports to one of the major credit bureaus, individuals who have low credit scores may apply for this card.
Approval is guaranteed, although they do run a credit check. No employment verification or minimum incomes are required.
It will be issued with an initial credit line of $500. There will be an application fee and a monthly fee.
As previously mentioned, this card is only accepted at one place. We do not believe that the products sold on this site are of a high quality.
In addition to the sale price of the item, you also are charged a processing fee for every transaction. They also have the ability to manipulate the prices for the products they sell.
Moreover, this card only reports to one of the three credit bureaus, which means that it only affects one of your credit reports. This means that the card will have no effect on your score if a potential lender happens to not check that particular bureau's report.
It is a wise decision to take steps to improve a low credit score. However this step is not one we suggest.
As an alternative, we recommend applying for a secured credit card, which will guarantee approval and report to all of the three credit bureaus.
Secured cards require an initial deposit to secure the card, but the deposit is 100% refundable, provided that you close the account on good terms. In addition, secured credit cards are accepted everywhere.
While it is important to have positively reporting accounts the most effective method of improving your score is by removing negative items on your credit report.
Many people believe that a negative item needs to stay on your credit report for seven years, but this is completely untrue.
In reality every mark can be removed from your report. You do not just have to live with the high cost of bad credit.
To protect you and your credit report from disreputable lenders and collection agencies, Congress passed the Fair Credit Reporting Act. This legislation states that seven years is the maximum amount of time that an item can remain on your credit report.
The Fair Credit Reporting Act makes no mention of a minimum amount of time that an item must remain on your report. Additionally, there may be mistakes by lenders or other inaccurate information on your credit report. Estimates say that 25% of credit reports contain errors, which could be costing them a great deal in high interest rates.
To conclude, we do not recommend the Horizon Gold shopping card, we suggest getting a secured credit card instead. Also keep in mind that you do not need to live with a poor credit score. It is your right to contest derogatory items on your report and have these marks removed.
This will do the most to improve your score and provide you and your family with a higher quality of life. Additionally there is not a better feeling that knowing you will be approved for a new credit line.
Because this card reports to one of the major credit bureaus, individuals who have low credit scores may apply for this card.
Approval is guaranteed, although they do run a credit check. No employment verification or minimum incomes are required.
It will be issued with an initial credit line of $500. There will be an application fee and a monthly fee.
As previously mentioned, this card is only accepted at one place. We do not believe that the products sold on this site are of a high quality.
In addition to the sale price of the item, you also are charged a processing fee for every transaction. They also have the ability to manipulate the prices for the products they sell.
Moreover, this card only reports to one of the three credit bureaus, which means that it only affects one of your credit reports. This means that the card will have no effect on your score if a potential lender happens to not check that particular bureau's report.
It is a wise decision to take steps to improve a low credit score. However this step is not one we suggest.
As an alternative, we recommend applying for a secured credit card, which will guarantee approval and report to all of the three credit bureaus.
Secured cards require an initial deposit to secure the card, but the deposit is 100% refundable, provided that you close the account on good terms. In addition, secured credit cards are accepted everywhere.
While it is important to have positively reporting accounts the most effective method of improving your score is by removing negative items on your credit report.
Many people believe that a negative item needs to stay on your credit report for seven years, but this is completely untrue.
In reality every mark can be removed from your report. You do not just have to live with the high cost of bad credit.
To protect you and your credit report from disreputable lenders and collection agencies, Congress passed the Fair Credit Reporting Act. This legislation states that seven years is the maximum amount of time that an item can remain on your credit report.
The Fair Credit Reporting Act makes no mention of a minimum amount of time that an item must remain on your report. Additionally, there may be mistakes by lenders or other inaccurate information on your credit report. Estimates say that 25% of credit reports contain errors, which could be costing them a great deal in high interest rates.
To conclude, we do not recommend the Horizon Gold shopping card, we suggest getting a secured credit card instead. Also keep in mind that you do not need to live with a poor credit score. It is your right to contest derogatory items on your report and have these marks removed.
This will do the most to improve your score and provide you and your family with a higher quality of life. Additionally there is not a better feeling that knowing you will be approved for a new credit line.
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Instead of the Horizon Gold Credit Card we suggest the prepaid credit card the Account Now Visa. For a free credit consultation call 1-800-253-3735.
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