Myth 3 – Being in debt means you will not get a credit card
Credit cards may be used to help a person get out of debt. There are credit cards offering a balance transfer feature. The holder of such a card can transfer his current debts to the card charging 0%. The money in this case is taken from an interest-charging card. You will need to pay 3% of the current balance if you decide to perform this kind of transfer. People who have a bad credit history usually feel that they will not get any help from a credit card. And they are wrong. Many lenders are ready and willing to help out those who have made the wrong borrowing choices. If you want to find such providers, feel free to use the so-called ‘soft search’. This is an eligibility check that can be used to see which credit cards and lenders will not reject you. If you have debts, such a card should be in order to transfer your balance.

Myth 4 – Once rejected – always rejected
There are as many criteria as there are lenders. If you’ve been rejected once or even more times, it does not mean you’ll be rejected by others. If you’ve been turned down, it might somehow affect your chances a bit. Nevertheless, the situation is not totally hopeless. Do not let your lender feel or see that you are desperate. All your lender sees is your record and your record does not show how many times you have been rejected. It only shows how many times you have applied for credits. Some might ignore it, and some landers will think that the bet is too risky. Do not worry, anyways. Cards as well as providers follow various criteria for acceptance. Luckily, you can minimize your rejection rate. You can improve your chances of being accepted, too! Before applying for a credit, check the given card and see how likely you are to be accepted.