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?

	It is not uncommon for families or individuals to find themselves in the midst of credit card debt. Many people wonder if credit card debt consolidation is for them. What is involved in this process? Basically, a credit card balance transfer takes place so that all your credit cards are consolidated into one card. You receive one statement and deal with one company for the full balance of all your cards. Several companies offer this type of deal, and a Citi credit card is a good example. Benefits: Credit card debt consolidation can lower your monthly payments, which is very appealing to those in need of tightening their budgets. Combining all your credit card bills into one means that you only pay one bill. If you were paying the minimum balance of fifty dollars on three credit cards each month, you were paying a total of one hundred and fifty dollars on credit cards alone. The interest you were accumulating was at a high rate, as well, extending the time you are required to make payments and the total balance to be paid off. But if you were to transfer the balance of all three cards onto a new Citi credit card, you would combine the balances and accumulated interest into one new balance. The Citi credit card offers free interest on balance transfers for twelve months to qualified card holders. So you will no longer be accumulating interest on the unpaid balances, at least for the first year. During this time, you can either pay only the minimum fifty dollar (for example) monthly payment, saving yourself one hundred dollars out of pocket each month, or you can continue paying the one hundred and fifty dollars monthly to quickly reduce your debt and avoid the interest that will arrive after twelve months. In addition, with a credit card balance transfer, you will often get a better interest rate. The basic Citi credit card offers an interest rate of 10-12% after the first year on your balance transfers. Both of these benefits add up to more cash for other expenses. Drawbacks: The drawbacks to credit card balance transfer are worth considering before you make a decision about your credit card debt consolidation. When you transfer your balances to a credit card with an interest-free trial period of six months to a year, keep in mind that the interest will go up after the trial period is up. So if you haven’t paid down your balance by then, get ready to accumulate more interest and make more payments. Also, most card companies will include in the terms of service agreement a clause about default. Defaulting on your agreement about the interest-free trial period can include making a late payment, making a payment that doesn’t go through, or going over your line of credit. When you default during your trial period, the interest-free part of the agreement is made null and void. This means that you are no longer entitled to the free interest on your credit card balance transfer. Most companies will assess a very high interest rate after a customer defaults. The basic Citi credit card comes with a default interest rate of about 30%. That is a huge portion of your balance and will cost you a great deal of money.

Before getting a mortgage, it is essential to understand the different types of services that are offered by mortgage firms.

Services in this sector can essentially be divided into two categories: pre-first mortgage and post-first mortgage. Various services like mortgage advice and brokerage come under the first category. Refinancing is the most important component of the second category.

Generally, mortgage loans cover purchase or construction of homes and/or property. Lenders also provide loans for purchase of building sites, automobiles and refinance. Some mortgage firms have networking links with lenders and sometimes offer loans to people who have been turned away elsewhere. Some act without mortgage brokers and deal with customers directly.

On approaching a typical lender, the customer is first briefed on the price of purchase, interest rates and down payment. If the rates offered are competitive, the customer is shown the current rates charged by other companies. The customer is also informed on the price range in which he can purchase a home. This range is determined based on his income, financial obligations and down payment chosen. The repayment schedule and the type of loans to be opted for are also important parameters that are discussed extensively with the customer.

Refinancing involves much less paperwork and is a process that is relatively fast when compared to the first mortgage. One needs quite a bit of patience to get a first mortgage: besides all the paperwork, companies often have lengthy standard procedures to be executed before money changes hands.

It is worth investing the time in the pre-mortgage stage to get the right one for you - to find the best deal and bring peace of mind.