The New Word Is Yes│A Credit Card Company Ready To Work For You

The New Word Is Yes

Little to no credit history can make it hard or near impossible for students that are applying for student loans or other lines of credit to start progressing. Many institutions turn students away because they don’t already have credit established. But how can you establish credit, when you continue to be denied credit cards in the first place?  Deserve is bridging the gap for students to be able to start building credit, without turning them away due to a lack of credit history.

If you are a soon to be college student, currently enrolled, or soon to be graduate, there are more incentives with this credit card like referral bonuses and Amazon Prime Student perks to start looking into. You’re going to want to keep reading, because it gets even better!

Establishing Credit

This new card helps not only domestic students but international students as well. This credit card will will start reporting to 2 of the 3 major credit bureaus (Transunion and Experian) so making payments on time to your credit card will be very important. To start the process and apply with no credit history, they will be looking at several factors:

  • The financial documents you provide and your credit potential
  • Bank account balances and your ability to pay
  • Your contact information and how frequently it changes in the likelihood that they need to get in touch with you
  • Your major and the likelihood to graduate and get a job


The Benefits to the Card

If you are approved for the credit card, you will notice there are several factors that make the Deserve card stand out:

  1. No annual fee and no foreign transaction fees
  2. Your first late fee is waived (do not let this be a trend, lates on a report can harm you scores greatly)
  3. Unlimited 1% cash back on all purchases-rewards will not expire as long as your account is active
  4. 12 months with Amazon Prime Student-a six month free trial and a 12 month statement credit of $49.99 when you use the card for the subscription
  5. Referral credit money to account-$30 of credit every time you refer someone and the friend also gets $30 for joining. You can refer an unlimited number of friends but if you refer 10, you’ll get a $200 bonus to the accoun

In order to start building credit here is what you need to apply:

For domestic students

  • Your Social Security Number


  • ID

For International Students

  • Student Via, passport ID or school documents (I-20 form or DS 2019)

Applicants must be 18 years of age for this offer. There is no deposit needed and no cosigner for the credit cards Deserve offers.



free credit repair consultation

Key Factors to Remember

Often times college age students get out into the world and are ready for independence. Before you start applying for credit cards on your own please consider three very important variables.

1. Debt-Credit cards are not to be taken lightly and should be used knowing exactly the goal in mind-to build credit. Racking up credit card debt will follow you around for years. Buying a tank of gas or a textbook and then paying it off is good practice with your money. Try not to overspend or live outside of your means.

2. Utilization-High balances on a credit card mean low credit scores. If you have a credit card you are using, the balance should be as low as possible. If you are having to use it for something significant and the balance is pretty high, try to cut that down to below 30% of the utilization. This will help you keep your credit scores up.

3. Budget-Keep in mind your why for the credit card you have. If you are hoping to build your credit scores up, remember the other debts after school that will follow you i.e student loans, etc. The last thing you need is a credit card looming over you for years because of a spring break trip you took in college. Know your limits and understand your budgets!


While there are many credit card companies out there to help build your credit scores as a young adult, this is just one option out there to explore. Finding the right credit card for you and your needs will take research and patience. Consult a trusted guardian or advice from a relative about the options out there and establish boundaries for yourself. For families, this is a great way to start the conversation on finances and understanding a budget while away from home. Additional resources on student loans and credit building cards, you can follow the link.


A Note From The Author: The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.

Article by Breana Washington

Do you have questions about your credit report? If you would like to speak with one of our attorneys or credit advisors  and go through a free consultation please give us a call at 1-800-994-3070 we would be happy to help.


Credit Cards For College Age Students│5 Back To School Basics

Back To School For College Students

Is your college student packed up and ready to start a new chapter already? At some point as a parent, you have probably discussed the do’s and dont’s during the first year when your student is ready to take off and start a new chapter on their own. You probably told them:

  • Be aware of your surroundings at all times
  • Don’t skip class
  • Get involved/meet new people
  • Have fun, but not too much fun

College orientation can be a whirlwind and there are so many things that happen very quickly prior to the first day of classes. It is no longer as easy as grabbing the list at Walmart for school supplies and heading off for your first day.

I can recall my mother and I signing up for a checking account at a bank that was local in the town my University was at. I was extremely excited to start school and was ready for all these new responsibilities.

With that being said, there were also some things I didn’t know about as an 18 year old out on their on my own. I was not aware of what all went into good credit scores.

Here are five tips to educate your college age student when it comes to credit:

1. The Reality

As a student you may not know what shows on your credit reports.  Student loans are just one of the items that may end up on your credit report.

Other things that may show up on your report in a negative way can be

  • late payments on utilities
  • a landlord that you or a roommate doesn’t pay with the lease and fines
  • retail credit cards
  • late payments on a student loan

If your student is making payments on their loan themselves, stress to them that late payments are very serious when it comes to their credit. The same goes for any kind of credit card or bill.

A late payment on a credit report can drop a score up to 100 points. Rebuilding credit can take a while and although it may not seem to be a big deal to a student currently, good credit is important and should be emphasized to your student.


2. Find The Right Fit For You

If there is an absolute need for a credit card as a student, you want to be sure to do all research before taking the next step and signing up.

When you are looking into applying for a credit card remember these few rules

  1. Shop for low rates
  2. Try a credit union
  3. If you apply for a checking or savings account with a bank, look into credit card options with them as well


free credit repair consultation

3. How To Use The Cards You Get

A credit card should only be for emergency use or to build credit. Students should keep credit card balances as low as possible. If they are using the credit card, try to keep the balance below 30% of the limit.

Credit card balances are reported to the credit bureaus each month. Your credit score will reflect lower scores, if your balances are very high or are reaching maxed out or close to the limit.


4. Building Credit

If your student is using credit cards, encourage them to monitor their credit.

The myth out there about having to keep a balance on your credit cards is not accurate. Remind your student as well, that most of the credit cards will be acquiring interest.

There are many companies out there that will offer credit reports for free or you can enroll in credit monitoring.

When pulling a credit report, take note that any consumer score that you can view online is a vantage score not an actual FICO score. Vantage scores tend to be higher than what an actual FICO is. FICO scores can only be given to  you by a bank or lender. However, monitoring your credit at this time is more about what is showing on the report and the timely payments, etc on the report rather than the bureau scores.

5. Put A Lid On It

In an era where it seems there are so many awesome things going on whether you are on Facebook or Instagram, it can be hard to miss out on fun opportunities that maybe you just cannot afford.

Although your student may want to take that awesome Spring Break trip with friends or they have a hard time without the newest clothes, continue to help guide them and help them understand the importance of making good financial decisions.

How Can My Student Start Building Credit?
  • Become an authorized user on family member card
  • Look into a credit builder loan
  • Apply for a secured credit card

There will be many important life lessons that happen through this next time period in their lives. As parents it is important we both teach and model good decisions and long lasting lessons. We hope this sparks a conversation in your household about good financial choices for your high school graduate or soon to be graduate.


Do you have questions about your credit report? If you would like to speak with one of our attorneys or credit advisors  and complete a free consultation please give us a call at 1-800-994-3070 we would be happy to help.

A Note From The Author: The opinions you read here come from our editorial team. Our content is accurate to the best of our knowledge when we initially post it.

Article by Breana Washington


Check out Credit Law Center’s info-graphic on 4 myths of collections reporting on credit reports.
credit collection myths infographic

credit collection myths infographic


Protecting Your Credit When Natural Disasters Hits

In recent weeks the United States has been hit with several natural disasters, leaving Americans uprooted from their homes and their employment. Texas and Florida are dealing with the aftermath of flood and rain waters from Hurricane Harvey and Hurricane Irma, while the Western United States is dealing with the complete opposite dry and extreme conditions causing widespread forest fires.

In the wake of a natural disaster such as the recent hurricanes and wildfires, you may be wondering:

    • What if I use my credit cards or max them out?
    • What If I miss a payment?

What if I use my credit or max out my credit cards?

Rebuilding your home or life after a natural disaster can be overwhelming mentally and financially. Natural disasters like the recent events in the United States will require many Americans to start over completely, even with insurance money, government grants and any nest egg you have built you may still need to use your credit cards. We do know that the area we reside is not part of what makes up your FICO credit score, but using your cards and or maxing them out may affect your FICO Score. One of the first things you should do is pull your credit report, pulling your credit report will give you a complete picture of your credit profile at the time the natural disaster hit.

What If I Miss A Payment?

Missing just one payment could damage your credit significantly and could lead to not being about to obtain credit when it is most needed. If your house has was destroyed, make sure you cut off costly services, such as Wi-Fi and cable or electricity. This would be a perfect time to look at your budget and create a post-disaster budget; this budget should be a bare-bones budget. Once you created your budget and determined the amount, you can pay each creditor, call each creditor and discuss your options.  Depending on the credit card company and their situation they may offer you long-term or short-term options, may waive late fees or offer assistance programs.

A Few Companies That Are Helping

If you are your family or friends have been affected by a natural disaster here are a few companies that have resources for you. The information below is directly from the companies listed web pages, please visit the links to see more information.

Wells Fargo 1-800-869-3557

We know this can be a stressful time financially, so we are committed to giving affected customers additional support. Here are the ways we’re proactively helping customers in FEMA-declared areas (customers impacted by the hurricanes outside these areas are also encouraged to contact us):

  • Reversing certain fees — such as late fees — for our lending products, including credit cards, auto loans, personal loans, and lines of credit.
  • Waiving Wells Fargo fees for customers using non-Wells Fargo ATMs.
  • For Credit Card customers, providing payment relief and suppressing any negative credit bureau reporting for 90 days.

Citi Cards 1-800-950-5114

Customers in FEMA-designated disaster areas may be eligible for assistance such as:

  • Automatic waiver or refund of late fees on credit cards;
  • Automatic waiver of monthly service fees on Citibank deposit accounts;
  • Automatic waiver or refund of late fees on personal loans and lines of credit;
  • Deferred minimum payments on credit cards;
  • Emergency credit line increases;
  • Waived early withdrawal penalties on CDs and wire transfer fees;
  • Waived late fees for September mortgage payments; and
  • Mortgage payment forbearance programs.

Chase Home Lending 1-888-356-0023

First, for all customers who live in a FEMA-designated individual assistance disaster area, we’ll pause the obligation to make mortgage and home equity payments for 90 days from when the hurricane first hit (a 90-day grace period).

“Credit Invisible and the “Catch-22” – Credit Law Center

Establishing good credit in this day and age plays a significant role in becoming financially secure. However, there are still 26 million Americans that are still “credit invisible” under the traditional FICO scoring model.If you are one of the 26 million Americans that are “credit invisible” you may already know the challenges that this credit status may bring.

“Credit-Invisible and the “Catch-22.”

“Credit-invisible” can be looked at one of two ways, one you have the ability to start building your credit and establishing an excellent credit history. The “catch-22” finding lenders who will extend a credit card or loan to you may be difficult. Many lenders will consider you a risk because you don’t have a history to prove you are credit worthy. With the extraordinary amount of Americans in this current situation, there is a significant focus in this area and research being done to look into to alternative data, (rent, utilities, and cell phone bills) to prove a consumers credit worthiness.

In a recent study by the CFPB, states that consumers who transition out of being “credit Invisible” most consumers do it before the age of 25. However, statistics have shown individuals that achieve visibility after 25 reside in low to moderate income neighborhoods. Out of all the age groups and income levels, credit cards seem to be the fastest way to start creating a credit visibility.

It’s not a secret that the more money we make, the easier it is to pay our bills, but did you know that your salary could be making you “Credit Invisible?” Low-income consumers are 240 percent more likely to start your credit profile with a debt collection or a public record. In the CFPB’s most recent study they found that the consumers residing in lower-income areas are more prone to become credit visible due to negative items reporting on the consumer’s reports.“Today’s study shows that even at the beginning of their financial lives, they are faced with higher hurdles to gain access to credit, which hinders them from turning their version of the American dream into reality,” said CFPB Director Richard Cordray.


Ways to Become Visible

1. Obtain a secured credit card
2. Apply for a CD Credit building Loan.
3. Have someone add as an authorized user.
4. Make all your payments on time.

If you are looking for a credit card that fits your needs check out FREECREDITHUB.COM

Tips to Pay Off Credit Card Debt Faster- Credit Law Center

Carrying credit card debt isn’t uncommon for Americans, according to a recent report by ValuePenguin, Inc 38.1% of Americans carry some credit card balance. When it comes to paying off credit card debt, one recurrent question is how to pay it off the faster. Every household has their unique financial situation and personal goal, so there is not one particular strategy that works best.

Evaluating your financial situation and determining what your hopes and dreams are. Once you have figured out what goal you are aiming for is, then you will be up to come up with the best strategy to be the debt off the fastest.

Pay Down the Credit Card With the Highest Interest

Card statements are required to have the interest, finance charges and the monthly charges. The first step would be to gather all your monthly card statements and compare the interest rates and finance charge. Determine which card has the highest rate and start with paying that one down first. You will want to make sure you budget an amount greater than the minimum monthly payment. An important factor in paying down the cards faster is sticking with the higher amount. If you choose to pay $200 a month, make sure you pay that even when the minimum payment goes down.

Pay the Card With the Lowest Balance First

If you are a person who does well with checking items off a list, this option may be beneficial for you. For some, it is easier to stomach paying a card with a $600 over the card with the $2600 balance. By choosing this strategy and paying more than the minimum balance you will see results quicker. Paying the lowest balance first is a great option if you need to see light at the end of the tunnel faster.

Consolidation of Credit Card Debt

As mentioned earlier each situation is different, and there is no right or wrong way. Many consumers have multiple cards with a significant amount of debt, and their credit card debt can quickly spiral out of control; Americans are tempted at just about every store to sign up for savings. If you have signed up for many different accounts and racked up a significant amount of debt consolidating them may be an option for you. Obtaining a consolidation loan from your bank or credit union to pay off the balances and leave you with just one monthly payment and less interest.If your budget allows you to pay more than the monthly payment it is wise to do so.

Don’t Forget How You Ended Up in Debt

Credit cards are an essential factor in building your credit score, however making sure you use them correctly is key. Keep in mind how you got into debt in the first place and always remember what your goal is. If your goal is to buy your own house, or a new car, post a picture somewhere where you will see it daily.

Should I Close My Credit Card?

Managing your credit card and finances with your credit can sometimes be a little tricky. At Credit Law Center, we often see clients close old credit cards because they have a higher interest rate, where this can make financial sense it isn’t always the best thing for your credit scores. When determining whether or not you should close an older credit card is what you need to consider:

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