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Could a New Credit Card Help Fix Your Credit Score?
NEW YORK, March 2, 2023 (Newswire.com) - Credello: Credit scores are critical financial tools in today's society, so it can be problematic when your credit report shows a low score. Those with higher scores statistically get better interest rates and more favorable payoff terms than those with lower scores, which could mean the difference between hundreds, or even thousands, in added-on fees and interest rates.
So if you want to repair your credit quickly, consider adding another credit card to your collection. It sounds counterintuitive, but this new card might be more helpful than you think.
Let us introduce you to the secured credit card.
What is a secured credit card?
Are you looking to fix your credit score and don't know where to start? A secured credit card may be the answer you are looking for.
Secured credit cards are designed to help people with damaged or limited credit build or rebuild their scores. They're different from traditional credit cards in that they require a security deposit, usually a few hundred dollars, which acts as collateral. This deposit is held until the cardholder is finished using the card.
The terms of use for a secured card are typically similar to those of a regular credit card, save for the deposit. You can use it just like any other credit card, make purchases at stores, online, and even pay bills.
How a secured credit card can help rebuild your credit
Since secured cards are often easier to get than traditional ones, they're perfect for consumers with limited or poor credit histories. They also provide more flexibility regarding spending limits and can help you manage your finances.
With a secured card, you can develop a positive payment history and establish good credit habits. Plus, once you have paid off the balance of the secured card and improved your credit score, you should expect to get more competitive offers for unsecured cards and personal loans that can help you improve your score even more while still getting the money you need.
Plus, since you'll receive the deposit back after closing the secured card, you'll have a small emergency fund to start building your savings or paying off old debts that are still around.
What credit score do you need to get a secured card?
Generally speaking, secured cards are an option for those with bad or fair credit scores. If you're looking to get a secured card, aim for a credit score of at least 500, but the higher your credit score is, the more likely you are to get approved for a secured card with better terms and conditions.
To ensure that you get approved with the best terms possible, you should work on improving your credit score as much as possible before applying. That means paying off existing debts, disputing any errors on your credit report, and limiting how often you apply for new credit.
What other options are there besides secured credit cards?
If you're not interested in getting a secured card, consider looking for a card with a promotional 0% APR on balance transfers. That way, you'll be able to transfer existing debt to a card with 0% interest and work on reducing your overall utilization, thus improving your score. However, balance transfer cards are typically unsecured and are harder to get approved for than secured cards for those with low credit scores.
Another option is a personal loan. These loans are typically unsecured (unless you can offer something for collateral) but have stricter terms and conditions than the average credit card. They can be a good option if you need quick access to cash but are unlikely to help you rebuild your credit score.
The bottom line
If you want to improve your credit score quickly, a secured credit card may be the perfect solution. With a few simple steps, you can repair your bad credit history and get the financial tools you need to build a brighter future.
Contact Information:Keyonda Goosby
Public Relations Specialist
[email protected]
(201) 633-2125
Carolina d'Arbelles-Valle
[email protected]
+1 305 849 8443
Original Source: Could a New Credit Card Help Fix Your Credit Score?
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Discover NIGHT Revolutionizes Pet Sleep With the World’s First Luxury Silk Bed, Delivering Unmatched...
NEW YORK, March 1, 2023 (Newswire.com) - Discover NIGHT, the leader in beauty textiles, has announced the launch of its latest product, the first-to-market Silk Pet Bed. Discover NIGHT has extended its range of products beyond the highly popular NIGHT Pillow, which garnered praise from both customers and their pets, to include the world's first silk pet bed, which is comfortable, luxurious, and gentle on pet skin and fur.
The Discover NIGHT Silk Pet Bed is designed to offer anti-shedding, anti-allergen, and anti-skin irritation benefits to pets of all breeds. The ultra-comfortable pet bed is crafted from 90% Mulberry Silk and 10% Spandex, which has been lab tested to stand up against the toughest durability requirements for pet beds. The thoughtfully designed textile blend provides a friction-free surface that repels pet hair and reduces matting. Its hypoallergenic silk material combats dust and mites, which is great for pets with allergies. The Discover NIGHT Silk Pet Bed reduces skin irritation in pets, helping decrease unwanted body odor caused by the light perspiration from their hair follicles.
On top of its health benefits, the Discover NIGHT Silk Pet Bed is designed for ultimate comfort and support. The bed's orthopedic memory foam base conforms to a pet's shape while the 360° bolsters provide maximum support for the head and neck. The stylish striped gusset adds an elevated aesthetic, and the exterior zipper makes it easy to clean and maintain. The bed is equipped with an anti-skid base for floor-friendly use and a machine-washable cover.
"The product was inspired by our own pets and their obsession with our famous NIGHT silk pillows," says Kalle Simpson, founder of Discover NIGHT. "We received countless stories from customers, friends, and family whose fur babies also couldn't get enough of our silk greatness. Our goal was to create a silky sleeping alternative that is specifically tailored to our furry friends' needs."
The Discover NIGHT Silk Pet Bed accommodates pets up to 100 lbs and is available in sizes small, medium, and large. With prices ranging from $200-$300 USD, the Silk Pet Bed is available to shop exclusively at discovernight.com/products/silk-pet-bed. Campaign images and hi-res flats are available HERE.
About Discover NIGHT:
Discover NIGHT is a leading provider of innovative textiles and lifestyle solutions designed to enhance comfort, support, and beauty benefits. The brand's commitment to using the highest-quality materials and the latest research ensures its products provide maximum benefits. Discover NIGHT's product line goes beyond sleep and bedding, and includes solutions for hair, skin, and wellness. Using natural, intelligent materials like couture-grade silk, chemical-free cooling rayon, and vegan satins, the brand is revolutionizing the world of beauty and wellness with its innovative products. Discover NIGHT has a strong fan base and is loved by celebrities including Gigi Hadid, Jessica Alba, Adele, Priyanka Chopra, Hailey Bieber, and more. For more information, visit discovernight.com.
Contact Information:Sam Drucker
Publicist
[email protected]
(818) 917-2903
Original Source: Discover NIGHT Revolutionizes Pet Sleep With the World's First Luxury Silk Bed, Delivering Unmatched Fur and Skin Health Benefits
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