Average Credit Cards with Great Rates

Have you ever wondered, “What is the best credit card I can qualify for with my credit level”? If so, this article is for you; if you have spectacular credit, not so much. Today’s economic conditions have resulted in credit scores dropping across the board in America. We are carrying more debt, paying our bills slower, and sometimes missing a payment in order to fill up the gas tank to get to work.  For this reason, a lot of consumers are applying for credit cards to help them cope with the recession.

Obviously, we all want to qualify for the very best credit card that’s available. The problem is finding the very best card you qualify for, without getting turned down. Most credit card retailers, like us, have credit cards sectioned off by credit level, but you’re still faced with the challenge of picking the right credit section. In hopes of helping our visitors get the very best credit card they qualify for, we have assembled a general description of each credit level and an estimated interest rate range.

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It’s been said, that real hatred is only possible when it is derived from something you love; and America loves credit cards. The problem is, credit cards are simply a one night stand that fulfilled our lustful desire during a moment of weakness, and now we’re stuck with them. To quote the movie Wedding Crashers, they’re a “Stage Five Clinger”. Now we are faced with the unavoidable task of kicking them out of our lives, unless we go back for seconds, which cements the relationship.

The hardest thing about being a writer is the daily task of developing interesting ideas to write about. If you factor in the fact that I’m a financial writer, which usually generates a yawn while reading the title, it’s really hard. Before I begin to write, I get most of my ideas by scanning the financial headlines on Google to see what topics are hot and which are not. While looking for ideas today, one article in particular stood out to me; and this seems to be the consensus among writers on the subject:

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When will the nation’s property values begin to appreciate again? This is the $64,000 question that real estate professionals, investors, and mortgage professionals would like to know. The truth is nobody can accurately predict the return of the real estate market.  Like everyone else, I can’t predict the end of this crisis either, but what I can do is tell you what will have to happen to facilitate that change. The answer is quite simple: America must reinvest in herself once again. Without an investment, real estate is as worthless as the Dollar is today.

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What caused the mortgage crisis? If you ask most consumers they will say, “Greedy mortgage brokers that made bad loans to good people”. Perhaps they did play a part in the chain of destruction that America is in today, but they were only one link in a very long chain. The truth is, the mortgage crisis was facilitated by consumer demand, ignorant politicians, spineless banks, and yes, the small brokers and lenders.  All of these institutions lacked the “moxy“ to stick to sound underwriting principles in the face of tough competition spurred by escalating property values and a good economy.

I give you the anatomy of a mortgage.  There used to be three types of mortgages: Government (FHA); Conforming (Fannie Mae and Freddie Mac); and private subprime lenders, which were mainly owned and funded by the larger banks, operating under a different a name. Each one of these lenders established guidelines that outlined the terms in which they would “buy” the loan from the small brokers after the loan closed. Every program had a different set of guidelines that catered to a different segment of the market. That market included people with good or bad credit, and consumers that could or could not prove their income.

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