We are engaged in the business of providing you with a
financial security guarantee called a PAYMENT GUARANTEE, which may be required
by the credit card issuer before they issue you a credit card. We
do not provide credit services, we simply back your
name, with our good name, similar in effect to a co-signer on a
loan. If you don't pay... we do ! TOP
WHAT CREDIT CARDS ARE AVAILABLE ?
With us in your corner, you may apply for any credit
card you wish. Simply pick up an application form for any
card at a bank or at a merchant; complete the application and
attach your PAYMENT
GUARANTEE to any application
when it is submitted. The PAYMENT
GUARANTEE is our guarantee that assures payment by us,
on your account, in the event you do not pay.
You may apply for all major bank credit cards, travel credit
cards, department store credit cards, gas credit cards, or any
other credit card you choose.
IS MY CREDIT CARD DIFFERENT THAN OTHER CREDIT CARDS ?
No. It is the same card that anyone with perfect credit
would receive. It is not marked or labeled in any way that would
indicate to someone accepting the card that your card is secured or
guaranteed in any way. It is a regular card with a limit, just like
everyone else.
CAN I USE THIS CREDIT CARD TO REBUILD MY CREDIT RATING ?
Yes ! By conducting your account in a proper
fashion with the issuing institution, you can rebuild your credit
history and have a new responsible credit reputation. Virtually all
credit card issuing companies report to the credit bureau, and that
is what lets everyone know that you are now conducting your financial
affairs in a proper manner. Other lenders can then assess your future
applications for car loans, mortgages and other major purchases based
on this new and updated favourable credit payment information. TOP
HOW LONG IS MY CREDIT CARD VALID FOR ?
We will back your credit card for 1 year or for
any period of time that you have paid your fees. You may
pre-authorize us to charge a new PAYMENT
GUARANTEE to your credit card on the 10th or 11th month so
that you do not experience any disruption in service. There is a
small processing fee for this renewal service.
If you do not renew your PAYMENT
GUARANTEE, it will be cancelled on the expiry date,
and the credit card company will be notified of this lapse in your
coverage. If that happens, the lending institution may cancel
your credit privileges when they are notified that we are no longer
backing your account with them.
If you have made your payments promptly, and your account is in good
standing with credit card company, they may very well wish to keep
you as a valued customer without the need for future PAYMENT GUARANTEES. It usually takes
somewhere between 18 to 24 months before someone with a previously
marred credit rating can stand on their own financially. Feel free to
check with your credit card issuing agency after 10 months to see if
you will still be required to back your cards with a PAYMENT GUARANTEEnext year. It is completely between you and the card
company. We can offer our assistance for as long as you need it. TOP
CAN MY SPOUSE AND I APPLY FOR JOINT CARDS ?
You may apply for any credit card, and the issue
and use of these cards is governed by the joint card holders policies
currently in force with each credit card company. Most companies do
allow joint card ownership between spousal partners. You really have
two options: you can share
the credit limit of one card between you,
or you can apply
for one card each, in effect, doubling the amount of credit
available to the household.
TOP
WILL MY CREDIT LIMIT EVER GET HIGHER ?
Yes it can! That depends on how you use and manage the
credit line you are given on your first card. The lending institution
may decide after monitoring your good payment record, to increase
your limit over and above the amount of your PAYMENT GUARANTEE. You may have a $2,500.00 credit
limit, but we may only guarantee payment of a lesser amount. This is
called Shared Risk, which is when we guarantee a certain level of
responsibility and the card issuer feels confident enough with your
new financial performance to assume some risk on a trial basis to see
how you will handle their new trust in your financial reputation. It
is completely up to them, but this program is most definitely a major
first step to improving your credit rating and the amount of credit
that is available to you at any time. TOP
WHAT ARE THE PROCESSING FEES FOR ?
Our PAYMENT GUARANTEES
are priced according to the amount of your credit we back,
usually ranging between card limits of $1,000.00 or $2,500.00 . The
processing fees are included as part of the total price and cover the
costs of actually processing your application and for the
administration of your PAYMENT GUARANTEE. After you have become
our Client, your processing fees for each year are somewhat less than
the original fee when you first entered the program. TOP
WHO ACTUALLY BACKS MY CREDIT ?
We issue a PAYMENT
GUARANTEE under several
different programs, depending on the amount of credit you require;
your present situation; and, the country/ state/ or province in which
you are currently residing. Rules and regulations may vary from
place-to-place, you will receive the
PAYMENT GUARANTEE document
that discloses details on who is backing your credit card account in
each case to ensure that all rules, regulations and laws are complied
with for your exact needs and place of residence. TOP
HOW DOES IT WORK ?
It is very much like auto insurance, car loan insurance,
mortgage insurance on a home, or other standard risk policies. What
are purchasing is a guarantee of payment that you will provide to a
credit card issuer as proof that the bill will be
paid by the PAYMENT GUARANTEE
in the event that you do not pay for any reason whatsoever. Your card
balance is guaranteed 100% up to the amount of your PAYMENT GUARANTEE. TOP
WHAT HAPPENS WHEN PEOPLE DON'T PAY THEIR CREDIT CARD BILLS
?
Please be clear, this IS NOT a secured credit
card. It is a guaranteed payment credit card. You
are not required to have a large cash deposit on hand as is
required by some banks. This is NOT a no-recourse
credit card. We will ensure that your debt is paid to the
lender, but we do have the full power to pursue the collection of
any outstanding amount and any additional costs or charges associated
with the collection of the account. We must keep this option open to
ensure that undesirable elements do not simply apply for cards, run
them up, and toss them in the garbage. That is theft and fraud. This
program is designed to help honest and responsible people who have
had problems in the past, be it bankruptcy, divorce, business
failures, personal problems, whatever... We are confident that you
will live up to your new financial responsibilities and the trust
that we are placing in you. TOP
CAN I GET MORE THAN ONE CARD ?
Yes !!! You can get several cards, but each card
must be in a different category.
You may get one card from each of the following categories:
Major Bank Card, Gas
Card, Department Store Card, Air Travel Card, Dining Card,
Clothing Store Card, Home
Building Card, Office Supply Card,
Electronics Card, other card,
etc. You will be required to acquire a PAYMENT GUARANTEE for each card you would
like, but we reserve the right to limit the number of cards you
receive until you establish a track record of satisfactory payments.
Please be clear, we are helping you to become financially
responsible, and to help you have the freedom to reach your goals and
dreams. It is quite possible and reasonable that you might require
several cards to operate properly ... 15 or 20 is not realistic
as you may end up with more severe credit problems. TOP
WHAT HAPPENS IF I MISS A PAYMENT ?
The PAYMENT GUARANTEE
only remains in place as long as you keep your payments to the
lending institution perfect. That means in the right amounts,
and on or before the day on which each payment is due. Some credit
card companies allow up to 25 days past the due date as a grace
period to allow for time in the mail, processing, and for
payments that you have made at a bank to reach them. If an account is
delinquent, even for one day, after the grace period, your credit
card privileges will be suspended or cancelled, and the whole amount
of the account becomes immediately due. TOP
HOW LONG DOES IT TAKE TO GET A CREDIT CARD ?
From the time that you apply, and your payment has been
received, it can take several weeks for you to physically receive
your PAYMENT GUARANTEE , but we
will do everything we can to issue the
PAYMENT GUARANTEE as
quickly as possible. When you receive your PAYMENT GUARANTEE , simply: Attach the
PAYMENT GUARANTEE document to
your regular credit card application and forward it to the credit
card company; take it to the bank you deal with if it is a major
credit card you are applying for; or, send your completed credit card
application to us, and we will submit it directly to save you further
time. TOP
WHAT RATE OF INTEREST DO I PAY ?
That is determined by the company who actually issues the
credit card to you. TOP
CAN I BE TURNED DOWN FOR A CREDIT CARD ?
Yes, but it is unlikely. The credit card company wants to
make sure that they will be paid regardless of your current credit
report rating, or your past credit history - the PAYMENT GUARANTEE has the ability to
provide them with the required comfort level to issue you a card.
If you are turned down for any one card, you may simply choose an
alternate credit card company who offers the same or a largely
similar service to the one that you originally wanted. This sometimes
occurs when the applicant has seriously damaged his or her relations
with a particular credit card company in the past. If you have stung
a credit card company for $10,000 then lied to them on the phone
about having made payments that you actually did not, swore - cursed
- and were generally a dope when you dealt with them in the past,
they may not want to issue you a card under any circumstance due to
their company policies and the individual who previously handled your
account. If this happens, we may have to direct you to a different
issuer where you can start fresh.
In some cases, we can supply you with a list of credit card companies
that will accept the PAYMENT
GUARANTEES if you are having trouble securing a credit
card of your choice. Some major cards are issued by hundreds of
different banks and credit unions throughout North America, so you
may still be able to get the same card, but from a different issuing
bank. If the one you have chosen is a little reluctant, choose
another bank, or switch to another major credit card issuer.
Despite each credit card issuers advertising claims, major cards are
major cards, and millions of merchants around the world accept most
cards - equally. TOP
ARE THERE OTHER CLIENT BENEFITS ?
Yes, we will be offering additional services and avenues
for credit services that can be of great assistance to you, your
family, or your business.
To be kept informed of new and soon-to-be-released products or
services with no obligation to purchase, simply register for this
option when filling out your application. Access Credit
Corporation products and services will enhance your ability to
re-establish your good name and performance in the world of credit so
that you may responsibly reach your goals, and then your dreams. TOP