Prepay credit card - apply for a secured pre-pay card.

  prepay credit card - apply for a secured pre-pay card.

 

*Guaranteed approval prepay credit card. A prepay credit card offers savings benefits. Apply online for a secured pre-paid card.

See website for Terms & Conditions.

 

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The UltraVX® Visa® Card is a revolutionary card with many powerful features that benefit you!
* UltraVX makes it easy to manage your finances
* Automatic minimum payments
* Reports to all 3 major credit bureaus
* No credit check, no bank account required
* Instant online approval
* Earn rewards for iTunes, Southwest Airlines, American Airlines, JetBlue, US Air, Marriott Hotels, Hilton Hotels, and many more with no restrictions*.
* Subject to terms and conditions.

The First Option MasterCard® Secured credit card is a Real credit card that will provide you with all the privileges of MasterCard® credit card.

* No Credit Check

* Approved Regardless of Credit History*

* Credit limits up to $5,000.00

* Reports to All 3 Bureaus

*See Card Terms and Conditions

AccountNow® Prepaid MasterCard® Card is a pre-paid card that can be used anywhere MasterCard® is accepted.
~ 100% guaranteed approval*
~ Free credit builder and bill pay
~ $0 activation fee with direct deposit
~ New! Now with the iAdvanceSM loan option
~ This is a debit-card, not a credit card
* See Card Terms and Conditions

A Platinum card can be yours for the taking. New Millennium Bank can approve you for up to $10,000** in secured credit regardless of your income or credit history. Choose a Visa or MasterCard.
* Reports to ALL 3 Bureaus
* No Credit Check
* Be Approved Regardless of Credit History
* Special High Introductory Savings Rate
* Bonus $3,000 credit line with My Computer Club
* Terms and conditions apply

The Advantage is yours - apply for The Millennium Advantage Card TODAY! The Millennium Advantage Card is a pre-paid MasterCard® that gives you the convenience of paying bills on-line or over the telephone, making on-line purchases and using your card wherever the debit MasterCard® brand is accepted.
* Use your card at over 900,000 ATMs and millions of locations worldwide!
* No credit check or income verification required
* No Chexsystem check
* No minimal balance required!
* Phone and On-line account access
* Shop and pay bills on-line!
*See website for complete terms and conditions of card usage and application disclosure.

Select a Credit Card Issuer or a Type of Card Offer

 

 

 

 

If you have bad credit or have been turned down for an unsecured credit card, a prepay card may be best for you. Additionally, a pre-paid card can help you control spending urges.

 

Prepay card benefits:

Can help establish or improve credit

Can help curb spending

Can be given to family members for emergency use

 

VIP Visa: No Credit Check, No Turn Downs, No Annual Fees, No Security Deposit, No Employment Required, Online and Offline Access, Low cost fees, Store your Money Safely, 24/7 ATM Access to Funds, No Credit Check or Bank Account Required.

 

Orchard Bank MasterCard® Secured

Initial Credit Limit Up To $1,000.

Low Annual Fees.  Competitive APRs.

Periodic Credit Limit Increase Review.

Complimentary Online Services for Account Management and Payment.

 

Benefits of a Prepay Credit Card
For credit card holders, the concept of a prepay credit card may be a new one. But, there are many advantages and benefits these types of cards have to offer, especially to new or younger credit card owners. Prepay credit cards can teach valuable lessons in how credit cards work, and can put a stop to potential over spending. There are a number of types available to you, the only hard part is deciding which card you like best.

 

 

Browse other types of credit cards:


Aspire Visa No security deposit. Rebuild your credit with an Unsecured Visa® Card.

ATT Rewards, Connection, Protection, Convenience. Plus, 0% APR* on balance transfers for 12 months.*See website Terms & Conditions.

Gas card offers convenience as well as rewards. Get your gas credit card online.

Airline Miles Card helps you save by earning travel rewards.

Disney Card enjoy the rewards of your Disney credit card.

Sears Card enjoy shopping with your Sears credit card.

Wal-Mart Card make purchases with your Wal Mart credit card.

Visa credit card offers: Visa Classic, Visa Secured, Visa Gold Credit Card, Visa Platinum Credit Card, Smart Visa Cards, Visa Signature Card and Reward Cards

MasterCard credit card offers: The MasterCard, Gold MasterCard, Platinum MasterCard and World MasterCard

American Express credit card offers: Personal Card, Rewards Green Card,Senior Member Card, American Express Student Card, Gold Card, Platinum Card, Blue from American Express, Blue Cash Card, Blue for Students

Chase credit card offers: Chase Cash Builder, Chase Perfect Card, Chase Platinum, Platinum for Students, Chase Rewards Card, plus other branded cards such as Universal Studios and the Chase Subaru Card

Citi credit card offers: Diamond Preferred® Rewards Card, Driver's Edge, and more, including a student credit card.

Discover Card offers: Discover Miles Card, Discover Gold Card, Discover Student Card, and the Discover Gas Card

Understand options for a credit card for bad credit and the meaning of pre-approved credit card offers. Choose an unsecured credit card, secured card, or an instant approval guaranteed card. How many credit card facts do you know? Take our online quiz.

Free credit card interest calculator to calculate credit card payments and how long it will take to payoff balances. Learn how to avoid credit card debt. If you have excellent credit, you may qualify for a 0 intro balance transfer card. If you do not have excellent credit and are looking for a balance transfer, consider credit counseling instead.

Get help choosing a credit card that's right for you and your credit, and for your spouse if you need a joint credit card. Get a small business credit card or a student credit card.

 

Need more credit card information? Read our financial and credit articles related to prepay credit cards.

Debt Cards and ATM Cards

 

Getting money and depositing money using Debit Cards and/or ATM cards are very popular. Most banks offer debit cards better known as a check card when a checking account is opened. A debit card provides an easy way for you to get your money. Debit cards can replace writing checks and can double as your ATM card by letting you withdraw or deposit money using an ATM machine.

 

Debit cards will have a Visa® or MasterCard® logo on them and they look like credit cards. They are accepted anywhere credit cards are accepted. They can be used withdraw money or make purchases and do not accumulate interest because the money is taken directly from your checking account. Debit cards will not help you build credit. Because a debit card is so easy to use, you must keep track of all your purchases, withdrawals, paying bills, online transactions, and know what you’re spending. If you don't, you can quickly overdraw your checking account and that can cost you extra fees.

 

An ATM card lets you get money from your savings account using an ATM machine. ATM cards do not have the Visa® or MasterCard® logo and may not be used to make store purchases directly. They can give you easy access to your money but there may be fees for that feature. Just getting out cash in the amount of $20 could cost you less or more than the cash you needed. There could be added fees for using your bank’s ATM and higher fees for using a different bank's ATM. It is important to know all the terms and fees for the card. Make sure you keep track of all withdrawals and monitor how much is in your savings account.



ATM Debit Cards:

 

When an ATM debit card is used entering a PIN (personal identification number), a transaction is processed and a card number is sent to the bank that issued the debit card. It is verified for the authenticity of the transaction and for the availability of funds. If there are funds, the bank replies and card holder is able to carryout the transaction. If the funds are not available, a message of “Insufficient Fund” is displayed on the screen.

 

Just the bank is aware of the details of the transaction and the confidentiality of the card bearer is maintained because the ATM debit card number is taken into account. ATM debit cards are useful to withdraw money anywhere using a Visa or Mastercard terminal and it allows money to be deposited or transferred from one account to another account, and also provides a way to get cash.

 

Transactions are made available to the ATM debit card holder by means of a statement or through online banking features. Transactions can be much faster than writing checks. It is important to not let anyone nearby view the entering of your personal pin number and always report any lost or stolen ATM or Debit Cards.



ATM Debit Cards

 

ATM debit cards are useful for withdrawals, deposits, transfers, balance information, and to get details on transactions. Money can be withdrawn using Visa or Mastercard terminals and using an ATM debit card. Deposits and transfers from one account to another are easy to make using the cards at available terminals. If information is needed on the available balance, it can also be viewed by accessing terminals using the ATM debit card. To see the details of all the transactions of the card, a statement is made available to the card holder that is generated by the issuing bank. Debit cards are popular as they are much faster than writing a check and they only require a PIN (personal identification number). When an ATM debit card transaction is processed using a PIN number, the card number is sent to the bank issuing the ATM debit card where it is verified. If there are available funds, the bank replies and the card holder is able to carryout the transaction. Debit cards can save banks time and money by eliminating check processing and they like to offer consumers the card.

  

When a debit card is stolen and a checking account is drained, it can take some time for a claim to be investigated and the account reimbursed. The first thing is to report the card stolen and consider closing the checking account, open a new one and get new bank cards. Don't forget to make changes for any direct deposits. When a bank account has been ripped off unexpectedly, checks may bounce and you may or may not have to pay the fees. If there is a huge dispute over the debt card, the bank has to make the decision either to credit your account and they take the loss, or not credit it and you take the loss. Debit cards don't offer protection for the cardholder to withhold payment on defective items or services like a credit card allows. Consider using a credit card for large purchases in case you are not happy with the product or service and need to withhold funds. Debit cards are very convenient, but use precautions to prevent them from being lost or stolen.



Students ATM Debit Card

 

Students can use a debit card for traveling or college expenses and it can be easier than other options. Students may find debit cards helpful in the event they must travel and they run out of money. When this happens, they can have a parent deposit money into their checking account. It is a good idea to leave parents a deposit slip and tell them if they have to deposit money, have the bank post it immediately to the account. Once this is done, a student can continue using their debt card throughout their travels without experiencing any problems.

 

It can be helpful when starting out in college as a new student, to get a checking account. Try to find a bank that does not charge checking account fees and apply, then ask for a debit card. Once you apply for the card, it may take up to two weeks to get the card. Be sure to sign the back and always take a photo ID with you when you plan on using the debit card. This is in case merchants want to look at your picture and signature to help them verify you are the cardholder.

 

Debit cards require a PIN (personal identification number) which can be changed to a number that you can easily remember. Memorize it. If you have to write it down, don't write it on the card, record it in a safe place that is not with your card. Make sure you don't choose your birthday, as someone may be able to guess that as a PIN number if they have your card.

 

Anytime your debit card is lost or stolen, call the bank fast before anyone spends your money. Always keep the phone number of the bank handy in case you ever need to report the card missing. These cards can be used for just about anything, booking reservations, plane tickets, entertainment and much more. They are easier to have than cash and statements can be used to track expenses or set up a budget.



Atm Debit Cards

 

With the banking and credit crisis, debit cards may become even more popular to use for payments and purchases. Credit cards and debit cards look similar but are very different. Consumers may like to have a popular and attractive credit card, yet some people have bad credit and may not be able to get approved for unsecured cards. 

 

Debit cards can be easy to get through issuers online like Visa and MasterCard. Even though unsecured cards may be viewed as high class, consumers who don't like to have credit card balances can choose some attractive debit or prepaid cards and load funds onto the card quickly and without any problems. These cards can be used anywhere a Visa or MasterCard is accepted if the card has funds. The great thing about these cards is that you can only spend what you load onto the card and there will not be a balance due.

 

The Debit Card had a start beginning with the ATM cards and the growth in these cards has prompted agreements between Banks to allow customers to use each others ATMs. Card issuers will need to determine how to use their debit cards to earn revenue and how technology around the debit card can continue to be enhanced. Unlike consumers having several credit cards in their possession, usually only one atm debit card is all that is needed. Card issuers may need to focus more on debit cards and develop new marketing strategies and technologies.



ATM Debit Card 

 

It is estimated that almost half of consumers have a Visa or MasterCard debit card. Usually a debit feature is part of an ATM card. Some consumers use only a credit card for large purchases in case they need to withhold payment for defective items or service transactions. The Federal law gives consumers the right to withhold payment in certain circumstances if they use a credit card and in good faith tried to resolve the dispute with the merchant. Debit/ATM cards offer some protection, but you would need to find out the details of your ATM/Debit card. Visa debit cards do have with certain protections in the case of fraud. Many banks offer Visa check cards or atm/debit cards that may have the bank's logo on the card. It is easy for consumers to get all the details about fraud and fraud prevention along with details of what to do in the case of fraud.

  

It is best not to lend cards to anyone, don't leave cards or receipts lying around, don't write card numbers on anything that could be found, don't give your card numbers over the phone unless you initiate the phone call with a company you know. If credit or charge cards are lost or stolen, call the issuers immediately. Keep a list of your cards, the account numbers, and the toll free numbers to call if there is a problem. Most credit card companies provide customers with a 24-hour service. By law, once you report the loss or theft, you have no further liability for unauthorized charges. In any event, the maximum liability under federal law is $50 per card. If you suspect that someone has illegally used your credit card, call the card issuer immediately and consider sending the company a letter too. ATM/debit cards do make taking care of finances much easier but it is important to follow the tips and guidelines for using them.

Review Visa and MasterCard Debit card offers.

More companies use prepaid cards to pay employees. If you don't want a prepay card, consider an unsecured card as a personnel loan resource.
Prepay and Save: Apply and learn what is a secured credit card, and the benefits a secured card offers.
Which type of prepay card is best? An ATM card or a prepaid debit card?
Common questions turned into credit card facts. Apply for a good or bad credit card. Choosing between the best credit card offers can be hard. Consider a no interest 0 intro balance balance transfer, a pre-pay ATM or a pre-paid debit secured credit card, or unsecured credit card benefits that offer travel, miles, discount and vacation rewards. Pick between American Express, Chase, Discover, MasterCard and Visa, even if you need a joint consumer or business credit card.
The Discover Motiva Card is recognized as a technology innovation. Browse and apply for a Discover Card or for other secured and unsecured credit card offers like a pre-pay debit card or a platinum credit card.
Discover Card wants to remind cardholders of ATM and Debit Card security tips. Browse and apply for a good or bad credit card, whether a pre-pay secured credit card, an unsecured rewards card with vacation points and miles or a travel business credit card.
With multitudes of card offers; ranging from instantly approved pre-pay cards to no deposit platinum rewards cards, how do you choose the best credit card? Before you compare perks and benefits, first weed out cards that may not help you.
Debit cards can prevent over-spending. Apply for a pre-pay credit card, and learn all the benefits a secured, prepaid card offers.
Different types of credit cards available to consumers. Learn about ATM, debit, unsecured, pre-pay, gold and platinum credit card offers.
Review our free debt management plan advice. In a DMP, you deposit money each month with a credit counseling organization. The organization uses these deposits to pay your credit card bills, student loans, medical bills, or other unsecured debts according to a payment schedule they’ve worked out with you and your creditors.
Some consumers enjoyed making purchases recently without having to pay taxes on those purchases. The so called "Sales Tax Free Holidays" kicked off this past weekend but not all states celebrated this holiday. Mississippi and Georgia took part and consumers did take advantage and make purchases.
Don't Pay Government IRS Taxes after Death. We work hard, put in extra hours, and then pay taxes on the income. We sometimes think that there will not be any extra taxes upon our death.
Small business owners may have a chance of getting a loan that could help pay for debts and the loan may be interest free. Applicants can apply for up to $35,000 and there would not be a repayment due for twelve months. The SBA (Small Business Administration) will be releasing more details later.
With the credit crisis and unemployment worsening, people wonder how they will pay bills.
You don't need a tax attorney to help you get tax debt relief, nor do you need a loan to pay taxes. The IRS offers free tax debt help to settle for a lower amount owed without filing bankruptcy.
Sell ad space on your site. We buy ad space from sites with financial and credit content and we pay a daily rate even with no clicks, no leads or sales!
Bad Credit Crisis Troubles Banks. Bad credit loan crisis rose 30%. If you cannot repay a high interest bad credit loan, consider debt counseling.
As Americans struggle to stay financially sound and to pay bills, many wonder which bill to pay first. Get debt relief help today.
Free tips on how to ask for a pay raise. As prices increases, so should your income. Learn how to invest in your future by asking for a bigger paycheck.
A visitor needs a loan to pay bills, and has options including a person-to-person personal loan and an auto refinance loan.
Government tax rebate checks due out soon, hoping consumers will make new purchases to stimulate the economy instead of using the money to pay off bills. But will this lead to higher debt and possibly chargeoffs later on, worsening the economy?
Borrowers with adjustable mortgage loans may pay higher interest rates without mortgage refinancing. Are mortgage foreclosures looming?
According to the Consumer Credit Delinquency Bulletin, late credit card payments declined. If you can't pay ontime, consider a credit card debt consolidation loan over a charge-off.
The use and acceptance of small business credit cards increases. Consider a credit card as a convenient unsecured personnel loan resource to pay employees during cash flow shortages.
Discover Financial Services Breaks into Signature Debit Market with Introduction of Discover Debit. Apply for a Discover card online, whether a prepay card or an unsecured platinum credit card.
Visa Card Launches Life Takes Visa. Apply online for a Visa credit card that's right for you, whether a prepay credit card, a no deposit credit card, gold credit card or even a high limit platinum credit card.
Banks raise credit card payments so now you have higher monthly bills, but hopefully you'll pay off balances earlier.

 

 


Best Pre Pay Cards

     

  

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Credit Card Offers: Free credit card search makes choosing a credit card easy. Browse the most popular, best credit cards.

 

Credit troubles? Apply for a pre-approved credit card offer based upon your credit history. Poor and bad credit people can apply for a credit card to rebuild credit or to establish credit. If you have very bad credit, consider bad credit card offers such as a secured credit card like a prepaid Visa, no credit check cards or other types of a guaranteed card.

 

For very high risk people there are options other than a standard unsecured credit card, such as an online guaranteed platinum card for online store purchases, or possibly even qualify for a charge card or a discount card from retail stores like the WalMart card or the Sears card.

 

Prepay credit card offers: Apply for a debit card or a bank ATM card.

 

Rewards credit cards: In addition to perks such as a 0 intro balance transfer, major cards offer other benefits like a travel credit card that rewards free airline miles, a gas card, or family entertainment offers like the Disney credit card, apply for an unsecured platinum credit card.

 

Credit card interest rates: Some cards offer no interest and a 0 introductory period on purchases. There are also some with a special 0% balance transfer period so you can transfer balances from other cards to your new credit card.

 

Special credit card offers: Almost every credit card company will offer a spouse joint credit card account. Other special offers include no deposit credit card, business credit card, student credit card and shopping cards like a Christmas credit card. Read the fine print, compare the card benefits, rewards and ratings before you submit an online application.

 

Credit card company offers, including gold credit card and platinum credit card offers:

Visa credit card, such as the gold Visa card or the platinum Visa credit card.

MasterCard credit card, such as the gold MasterCard or the platinum MasterCard.

American Express card, such as the gold American Express card or the platinum American Express card.

Chase card, such as the platinum Chase card.

Discover card such as the gold Discover card or the platinum Discover card.

 

Before you apply, review all the credit card facts. Once you get the card right for you, read every credit card statement carefully and request credit card companies to stop credit card mail offers. Browse more credit card resources.

 

  

  

Auto Loan: Get free quotes and apply for a new or used auto loan or for auto refinancing.

Credit Report: Free credit report help to fix credit report errors and improve credit score ratings. You are entitled to one free credit report annually.

Debt Counseling: Get your expenses under control with credit counseling, an unsecured debt consolidation loan, debt management or negotiate debt settlement.

Free Credit Offers: Get no obligation, free credit offers plus financial tips to help effectively manage your personal finances.

Home Loan: Free multiple quotes from mortgage lenders. Apply for a new home loan and start building your financial security.

Mortgage Refinancing: 2nd mortgage loan and other types of mortgage refinancing for home remodeling, equity cash out or a debt consolidation loan and more.

Payday Loan: Easy approval bad credit unsecured loan with no credit check, no deposit and no security.

Personal Loan: Submit a short or long term personal loan application (if available), or apply for other secured or unsecured loan offers.

Personal Finance: How to file bankruptcy plus free bankruptcy forms. Create a household personal budget, balance a checkbook register, track expenses and more.
 

 

ATM Debit Card Tips for Secure Handling

Who Pays Joint Credit Card Account

Close Credit Card Account

Choosing the Lowest Interest Rate Unsecured Credit Cards

Joint Credit Card Accounts

Apply For A Balance Transfer Credit Card

Credit Card Interest Rate OptOut

Student Credit Card Advice

Bad Credit Card Rap

Extra Joint Spouse Credit Cards

Credit Card Application

Cancel Credit Card Account

Credit Card FAQs

Avoid Over Limit Fees

Instantly Approved Pre Pay VS Platinum Rewards

ATM Debit Card Fraud Tips

Keep Credit Card Accounts

Bad Credit and Credit Cards

Credit Cards and Credit Reports

Purchased and Free Gift Cards

Christmas Credit Card Shopping

Gift Credit Card Shopping

Personal Gift Credit Cards

Baddest and Best Credit Cards

PoorCredit Card Application

Credit Card Savings Accounts

Not Good Credit Cards

Where Have Bad Credit Cards Gone

Prevent Debit Card Fraud

Top Credit Card FAQs

Credit Card Use

Free Credit Card Services

Discover Card Fraud Protection

Visa Contactless Mini Card

Secured Credit Card Shopping

Credit Card Approval

Credit Card Fine Print

Credit Cards with Rewards

Cash Back Credit Card

Gas Credit Card

Student Credit Card

Secured Credit Card

Prepaid Credit Card

Preapproved Credit Card

Platinum Credit Card Prequalification

No Deposit Credit Card

Debit Card

Benefits of Credit Cards

Christmas Credit Card

Balance transfer credit card debt

ATM Card

Types of Credit Cards

0 interest credit card

What kind of card can I qualify for

Guaranteed Platinum Credit Card - Unsecured Credit

Choosing a credit card right for you

Rewards Credit Card Advice

Low or High Credit Limit Credit Card

Low Interest High Risk Rates

Best Gas Credit Card

Store Charge Card Tips

Credit Card Payment Calculator

Airline miles, hotel and gas credit card offers

Unsecured Credit Card

Gas Credit Card Rewards

Airline Sky Miles

Rewards Gas Credit Card

Choosing Credit Card Rewards

Balance Transfer Special Introductory Rates

Credit Card Offers - Platinum Rewards that are Guaranteed to Please

Business Credit Card Benefits

Business or Personal Credit Card

Business Credit Cards

Secured Credit Card to Rebuild Bad Credit

Debit Cards Costly For Poor People

Pre Paid Card Expansion

Secured Credit Cards

Debt Card or an ATM Card

American Express Gold Card Benefit

American Express Delta Air Lines Delta Reserve Credit Card

American Express Travel Card

American Express Travel

American Express No Fee Cards

American Express CardMember Rewards

American Express SimplyCash Business Card

American Express Starwood Preferred Guest Credit Card

American Express Membership Rewards

Bank of America American Express Rewards Card

American Express Travelers Cheques

American Express Open for Small Business

American Express Services for Business Travel

American Express ExpressPay

American Express Benefits Plus Card

Chase Freedom (SM) Statement Credit

Chase Freedom (SM) Card Statement

Chase Visa Signature Card

Chase Checking Rewards

Target Chase Credit Card

JP Morgan Chase Charge Card

Chase Freedom Credit Card

Chase Mobile Phone Credit Card System

Blink Chase Visa Debit Card

Chase Borders Visa Card

Chase BP Visa Card

Citi Card Rewards

Citi Private Pass Cardmember Program

Citi Home Depot Business Rewards MasterCard

Citi Citigroup Credit Card Portfolio

Citi Upromise College Savings

Discover Motiva Card

Discover Student Scholarships

Discover Motiva Card

ATM Debit Card Security

Discover Card Ranked Best Card Brand

Discover Credit ScoreTracker

Credit Card Customer Service

Discover Card 5% Cashback Bonus

Discover Card Retail Reach

New Discover Business Card

Discover Card Shopping Survey

Discover Card Gas Relief

MasterCard Mobile Payment

MasterCard Travel Card Offers Rewards

MasterCard Fights Pin Debit Fraud

MasterCard World Elite Credit Card

MasterCard Rewards

MasterCard Small Business 50000

MasterCard PayPass Card Exceeds Cash

MasterCard Tap and Go Contactless Payment Card

MasterCard Worldwide

MasterCard PayPass Watch

MasterCard Upromise Debit Card

MasterCard International Tackles Fraud

MasterCard Contactless Payment Card

MasterCard Payment Card Forum

ATM Visa PrePaid Card Reloads

Contactless Visa payWave

Visa Credit Card Gas Purchases

Visa Business Savings

Visa Risk Manager Helps Reduce Credit Card Fraud

Visa Credit Cards

Visa Card with No Signature

Visa Travel Money

Visa ATM Transaction Fraud Detection

Visa Credit Card Acceptance



Cons of Cosigning a High Risk Loan - Before you cosign a loan, be prepared for the worst.

*There's already doubt about the borrower's ability to repay, because he/she needed you to cosign due to their bad credit score.

*You are equally responsible for repaying the loan if the borrower doesn't cough up the cash.

*If the borrower makes a late payment, that could also affect your credit report score.

*If the borrower files bankruptcy for the debt and no longer has to repay it, you are still liable and can be sued for payment.

 

Advice: If you are asked to cosign a loan, assume the borrower will default and first ask yourself if you are able to make every payment. If so, instead of cosigning the loan, perhaps it would be safer for you to take out the loan solely in your name, and then you sub-lend that money as a person-to-person personal loan. You will make all the monthly payments regardless if the borrower repays you. With this alternative option, you will secure your good credit (and perhaps improve scores as well). Afterall; even if you choose to be a cosigner instead, you're still liable in the event of default.

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Credit Card Agreement Law - From prime to subprime, and from rewards cards to low limit bad credit card issuers, the new government law requires posting of Credit Card Agreements. Even if you are not currently a cardholder, the new law allows you to first preview credit card agreements, terms and conditions, before you submit your application. Compare agreements and terms of secured and unsecured credit cards so you can choose the best credit card offer for you.