LONDON, February 9, 2012 /PRNewswire/ --
Tough economic conditions have taken a toll on many people's finances. Many consumers have found themselves with reduced credit scores, as a result of tight budgets and have found difficulty in obtaining approval for a credit card. However, comparison websites, like comparethemarket.com, are finding that some consumers have chosen special 'credit builder' credit cards, as a good way to manage their money and increase their credit score over time through prudent management of their spending and account.
A 'credit building' credit card typically gives a greater likelihood of being accepted to people who have been refused other types of card. This includes newcomers to the credit card market and people with lower credit ratings.
Simon McCulloch, Director of Money at comparethemarket.com said: "'Credit building' credit cards can be a way to help increase your credit score if you regularly pay off your monthly balance and don't exceed your credit limit."
"However, 'credit building' credit cards may not be suitable for everyone so it's worth taking the time to find the right one to suit your needs. comparethemarket.com makes it simple to compare a variety of credit card types at the click of a button.For credit building credit cards, customers can compare APRs* and other product features and thereby select the best card for their individual circumstances."
Specialising in more than just car insurance, comparethemarket.com provides customers with an easy way to find the right deal on a wide range of insurance and financial products including home insurance, van insurance, bike insurance, life insurance, pet insurance and credit cards. It also offers comparisons for a range of household utilities including electricity, gas, phone, broadband and digital TV.
*APR = Annual Percentage Rate
- comparethemarket.com was launched in 2006 and has grown rapidly over the past six years to become one of the UK's leading price comparison websites.
- comparethemarket.com provides customers with an easy way to make the right choice for them on a wide range of products including motor, home, life, travel and pet insurance as well as utilities and money products such as, credit cards and loans.
- comparethemarket.com actively selects its brand partners, working with the best and most trusted organisations to ensure quality service to consumers.
comparethemarket.com is a trading name of BISL Limited. BISL Limited is authorised and regulated by the Financial Services Authority.
Registered Address: Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS. Registered in England number 3231094.