Orchard Bank Classic MasterCard

The Orchard Bank MasterCard is a great card to help you rebuild your credit and is loaded with built-in benefits to help you manage your account. Get pre-qualified in less than 60 seconds for a card that fits your credit profile, at no risk to your credit score.
Reporting to major credit bureaus providing opportunity to rebuild credit
Your choice of payment due dates to fit your schedule
Free Standard Bill Pay and online account management tools
Periodic credit limit increase reviews to strengthen your buying power
E-alerts to your email or cell phone to remind you when a payment is due
You could also qualify for a Platinum, Gold or Secured card

The Orchard Bank Classic MasterCard® is designed for those with little or damaged credit. We've helped millions of people obtain credit – Let us help you too.

Orchard Bank Classic MasterCard®

• Great credit card to strengthen your credit
  
• Reports to all 3 credit bureaus monthly, which can help improve your credit score
  
• Free Online 24-hour Account Access and Bill Pay
  
• Periodic credit limit increases
  

DID YOU KNOW?

	Making comparisons for a credit card can save a lot of money on interest and fees. Doing a research will help in finding a sight one that suits your needs. Let us help you in considering some points before you settle for a card. _ The first one to remember is understanding the features of credit cards. _ Do not forget to compare credit card features and costs. _ Keep tabs upon your rights & limitations before & while using your credit card. _ You should always file a complaint if you face any problem with your debit card. The first thing to keep in mind before choosing a credit s thinking about how you will use it eventually. If you want to pay your monthly bill in full and other features such as frequent flyer miles don’t interest you, then you should settle for nothing but a card has no annual fee & offers a longer grace period. But if you may come across situations where you have to come over a balance from month to month, then a card that carries a lower interest rate (APR) would be ideal for you. If you expect to use your card to get cash advances, you will want to look for a card that carries a lower APR and lower fees on cash advances. There are some cards which charges a higher APR for cash advances than for purchases. Wondering what an APR it? It is the Annual percentage rates, which state the interest rate you are supposed to pay please you, carry over a balance, take out a cash advance or transfer a balance from another card. The APR basically states the interest rate as a yearly rate. The Grace period: - A grace period is the number of days you have to pay your bill in full without triggering a finance charge. If a credit card company states that you have 25days from the statement date, provided you’re paid your previous balance in full by the due date. The statement date as given on the bill. This grace period is applicable lonely to new purchases. Some credit cards do not provide any grace period for cash advances and balance transfers and start their interest charges right away. If your balance is carried over from the preceding month, you may not enjoy a grace period for new purchases. You must look for the information about the “method of computing the balance for purchases” which tells you connecting about the inclusion & exclusion of knew purchases in this case. Never neglect the small print while deciding on anything.

Bankruptcy can make getting any kind of financing much more difficult. However, it's not impossible anymore to get financing, even a few days after the discharge of a bankruptcy. But, is getting a loan soon after a bankruptcy a smart thing to do?

It can be tempting to buy a new home, new car, etc., after a bankruptcy discharge you have no debt left. You will probably feel like you can afford a larger house payment. Here are some factors to consider before committing yourself to a new house payment.

Pre-Payment Penalty - Almost every subprime loan (bad credit loan) now comes with a pre-payment penalty. This penalty is usually about 6 months worth of house payments. The pre-payment penalty period usually lasts 2-3 years. That means, if you want to refinance or sell your house in that period of time, that will make it very difficult, if not impossible to sell or refinance. That means that you are locked in. Once you sign those mortgage papers you absolutely have to make those payments. If you don't have the amount of the pre-payment penalty in savings, you are locked into making the payments or losing the house.

Two Year Mark - Keep in mind that after 2-3 years from the date of the bankruptcy discharge, mortgage loans will be much easier to get. With a small down payment, you might even be able to get a mortgage loan without a pre-payment penalty. So, if you are within 6 months or so from the 2 year mark. It would be smart to wait it out and have more mortgage loan options.

Setting Yourself Up For Failure Again? Borrowing Too Much? - If you do decide to buy a house. Buy one that you know you will be able to afford. Don't max yourself out on credit, living right up to the edge of your income. If your income suddenly drops, you'll want to make sure that you can still afford your house payment. Be conservative with how much home you need to buy.