Are you ready for Christmas?
The holidays have rolled around once again, and once again, we’re all trying to figure out how to pay for all those gifts! Not only do the kids have long lists, but there are the family gatherings, Christmas parties at work, and even your annual Christmas gifts for the needy… so much that, this year, you might feel like the needy one! Relax, if money’s tight, and your credit’s not perfect, there are options, especially if you start early enough.
One of the best ways to save money for Christmas, or a vacation, or new furniture, or any really large purchase is to get yourself a prepaid card. Then, you simply have your employer automatically transfer a portion of your payroll check into your prepaid card account and then, when you’re ready to start Christmas shopping (or go on vacation or whatever), the money is already there.
Not a bad way to pay for the upcoming holiday season, is it? Too bad it’s too late to do it that way.
Of course, if cash is not the way you plan to pay, then you’d better get busy working on your credit too! Now, there are lots of options to apply for new credit cards, store cards, and so forth, but are you sure you’ll be approved? Remember, you don’t want to apply for too many credit cards during the course of the year – it can really hurt your credit score. And, if you do apply, you want to make sure that you’ll be approved (this is really important if your credit score is less than perfect).
One option with guaranteed approval is a secured credit card. With a secured card, you’ll need to pay a deposit up front, and then the creditor will extend the same amount of credit to you. You’ll use the card for purchases, make payments (including interest), and so forth, just like a regular credit card. But, as I mentioned, you’ll have to have money up front for your deposit. And that’s not quite the goal here, is it? No, we’re planning for Christmas and if we had the cash for the deposit, we wouldn’t need to be looking at our options. So, let’s move on.
The other option that I really like (and have used myself) is to open a Fingerhut Credit Account. Not only does Fingerhut typically approve nearly everyone, but they also are really good about reporting your responsible credit use and regular payment history to the credit bureau every month. And when it comes to great deals, including special interest free purchasing periods, increases in your credit line, and brand name merchandise, Fingerhut is hard to beat. You simply get online, browse from among hundreds of thousands of competitively priced products, and they’ll ship your order right to your door! It really is that easy.