In the article it is spoken about Secured Credit Card Applications. If the payment record of a customer is good, credit card companies may consider increasing their limit without asking them to make more deposits. Secured credit card applications can be filled out online or at the branch office of the credit card company or even through their marketing representatives. However, many companies are opting out of providing secured credit cards to people. Additionally, some credit card issuers are adopting a policy to issue secured credit cards only to people who have no previous credit history and not to people with bad credit histories.
Secured cards are a preferred option for people who are beginning to build credit or are rebuilding it as a result of any situation such as a divorce, job loss, accident or serious illness. Once a cardholder is able to make regular payments for quite some time, they are likely to be offered an unsecured credit card with regular interests and terms.
If applicants do not want to wait for the application result to be communicated to them, they can check the status of their application either over the phone or online.
All companies have their customer care centers where applicants can call and get all the information they require. Here, they can quote the reference number provided to them at the time of application to get the information.
Most companies have the facility to track down the application with the help of the applicant’s date of birth and the telephone provided on the application form. This provision is made because many customers do not have their reference numbers handy while checking the status online or over the phone. These options to check the status of the application, whether they are rejected, accepted or in process, have been made very easy for the customers.
Many people do not like to receive these unsolicited mails in their mailboxes. To stop receiving these offers, there are a few measures that can be taken.
Credit bureaus sell the names and other information of people to the mailing lists, who in turn send unsolicited mails to them. People who want to stop receiving credit card applications can use 1-888-567-8688. This is the toll free phone number called the Opt out Request Line and by calling this number a person can have his name or address permanently removed from all the marketing lists. This Opt out Request Line is for the three credit report bureaus, Equifax, Trans Union and Experian, and Consumer Credit Associates. It is also possible to opt for this service for a period of two years, which can be renewed at any time.
It is also possible to write to certain addresses with all the personal details to be put on the opt-out list of Direct Mailing Association (DMA) to stop receiving direct mails and phone calls for credit cards. Once a person is put on this list, he or she remains on it for the next five years, and many consider it a blessing in disguise as they don’t get involved in unnecessary communication regarding credit cards.