We live in a world where managing our finances has somewhat become one of the most challenging aspects of our lives. Tax is high, many of us are underpaid or work zero-hour contracts, and there seems to be an unexpected bill every month for something or other. How did we get here?
The problem is trying to make sure we have enough money to pay all these bills, as well as keeping our heads above water. However, sometimes enough is enough and you’re going to need to request a credit to get you through the hard times.
One of the most popular forms of credit is, aptly, a credit card. While this form of credit is expensive in interest, it’s known for being an instant form of credit where you can get the money you need quickly. Nevertheless, is the service as instant as you think? Let’s find out.
So, you’ve decided you want a credit card, and you’re looking into the best way to get one quickly, so you can access the money you need. However, before you start applying for credit cards, the first thing you’re going to want to do to make sure you’re set up to maximize your chances for a successful approval.
The main aspect you’ll want to consider is your credit report. If you’ve not looked into this before, you can sign up online using a plethora of websites that can be found online. Once you’re into your account, you can then check your details to make sure everything is correct, and all the boxes are filled.
By taking the time to make sure your credit report and account is correct and properly filled in, when your chosen credit card provider checks to see if they want to lend you credit, they’ll be no need to put your application on hold.
When You’re Applying Online
If you apply for instant credit online, either using your chosen bank or another third-party provider, the chances are you’ll be able to get approved there and then, as long as everything checks out. In some cases, you’ll need to create an account first and input all your details, but you should receive a response.
If you’re applying for a bank’s credit card, you may find everything can be set up online, and everything can be sent to your house to get started. On the other hand, you may need to go into a bank branch for several reasons; either to sign a document, discuss your requested policy, or show some form of identification.
What to Do If You’re Rejected
If you’ve applied for a credit card, been rejected, but still need the credit, the best bet you have is to ring the bank provider or to go into a branch. Make sure you prepare by detailing what purpose you have for needing the credit card and your abilities to pay the money back.
If everything’s in order, you’ve got a good repayment history, and have a good credit report, there’s no reason you should be rejected. Some providers may take 7-10 days to approve, but this depends on the provider you’re using.
Running into financial problems can cause problems in your life, but they can be easily resolved with the credit options that are available in the modern age. Make sure you’re researching the ins and outs of the deals you’re going for, ensuring you’ll be able to find the best deal for you.