By now, we should all know how important it is to have a good credit score. These days you cannot qualify for a mortgage or an auto loan if your credit score is poor and you have a very hard time qualifying for a credit card worth having without a good score.

Visa is one of the biggest, best known credit card companies in the world. They have a great selection of cards and you know that you can trust Visa.

It is tough to gain access to credit these days, especially if you have a poor credit score. The recent “great recession” came about in part because of banks and other creditors lending money to people they should not have.

The recession has hurt us in many ways. It has made bills tougher to pay and credit card balances more difficult to keep down. This has brought down credit scores for millions.

Credit card applications are not easy, even if they are online. Usually you will have to spend 10-20 minutes filling out a 5 page application. To compound this you are definitely not guaranteed to actually be accepted for the card so there is a decent chance that all of your efforts will be made in vain.

One’s credit score matters more today than ever. Five years ago access to credit of all kinds was fairly easy.

The average American household which has credit card debt owes $14,750 to credit card companies. Obviously not all American households owe money to credit card companies, but the majority of households do, nevertheless that is a shocking statistic.

If you have poor credit you are in a tough situation financially no matter where you live, even if you live in the UK. Creditors do not like to lend out money to people with a poor credit history, would you like to risk your job lending out thousands of dollars to people who have proven to be irresponsible financially in the past?

Guaranteed approval credit cards sound great, after all, who can complain about getting a guaranteed credit card when it is becoming so difficult to qualify for any credit card at all? While guaranteed cards do exist, they are not exactly what people think of when they imagine credit cards.

Credit counseling is a touchy subject, no one wants to admit that they have a problem with anything, especially something as personal and important as one’s finances. With the average American having over 5,000 dollars in credit card debt it is obvious that many people have a problem with either understanding how to use credit, a discipline problem with regards to using credit or both.

Credit cards offer a grace period, usually a 25 day window where you can pay off your purchases before they begin to accumulate interest. While everyone should make an effort to pay off their purchases during the grace period a credit card company offers it does not always work out that way.

The “Great Recession” of 2008 was brought on in part because of banks and other creditors extending lending credit to people who were not worthy. People with poor credit scores were getting loans for homes and automobiles that they knew they would never be able to pay back.

With the downturn in the economy and the current revival, there are many people who fell on hard times that now want to rebuild their credit score. From layoffs to hours being cut, many people had to choose between paying debts or keeping the lights on and their families fed.