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Plan your way out of bad credit rating

There are a thousand and one reasons why your credit score might not be as high as you would like. Maybe you’ve recently moved to the UK from another country? Perhaps you moved house several times in the past couple of years and didn’t register on the electoral roll at each place you lived? Or maybe you had some temporary financial difficulties which have now passed but which have left a red mark on your credit file.

Aqua is a credit card company which understands the different reasons why people find it hard to access credit during this recessionary credit squeeze. They try to help customers secure a credit card which can build or rebuild their credit score, and even have a team of phone advisors in place 24/7 to help with any questions or queries they may have.

Aqua’s credit card offering is simple and you can complete your credit card application online. There are three credit cards to choose from depending on your needs and circumstances. The Classic is a MasterCard with an initial credit limit of between £250 up to £1,600 and with an interest rate of just 32.9%. The Reward offers the user 3% cashback on all purchases with an interest rate of 34.9% so you can earn money by using your card for day-to-day spending at the supermarket and petrol station. The Advance

Aqua card rewards the cardholder for managing their credit card, with a promise to reduce the rate charged by 5% every year for three years from an initial 34.9% if payments are made on time.
aqua’s website has a comprehensive Frequently Asked Questions section which can help you to assess if the Classic, Reward and Advance are the right credit cards for you. It's important to research how likely you are to be approved before you apply, as rejections from credit card companies are recorded on your credit file. If you’ve read through the questions and remain unsure about which card to apply for, you can call and speak to one of aqua’s phone advisors, who are available 24/7.

If you don’t have a long history of accessing credit, have a low income or are self-employed, you can also qualify for an aqua credit card. The difference with aqua is that they work with customers on a case-by-case basis to find the right credit limit for them.

The important thing to remember is that credit mistakes made in the past don’t have to condemn you to a lifetime of no access to credit. If you foresee yourself wanting to borrow money to buy a house, start a business or pay for a wedding two or three years from now, start planning and build your credit score. Buying on your credit card and paying it off at the end of every month could be just what you need to do to secure your dreams in the future.