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A Guide to Instant Approval Credit Cards

A Guide to Instant Approval Credit Cards

What is an
Instant Approval Credit Card?

The term ‘Instant Approval Credit Cards’ is
applicable both to the nature of the credit card, as well as the nature of the
credit card offer. In both cases, Instant Approval Credit Cards represent
credit cards in which the approval process with regard to obtaining a new
credit card is instantaneous. Instant Approval Credit Cards exist within a
variety of circumstances, ranging from offers received through the mail, as
well as instant approval upon application both over the phone and over the
Internet.
 

Standards and Practices of Credit Terms Specific to
Instant Approval Credit Cards

In most cases, the following standards and
practices are specific to Instant Approval Credit Cards:

For individuals with credit scores considered to
be ‘good’ or ‘excellent’, the receipt of Instant Approval Credit Cards can be
considerably easy. In many cases, credit scores that are perceived to be
exemplary will result in instant approval.

Although Instant Approval Credit Cards may be
considered to be both convenient and easy, individuals undertaking the
application process with regard to Instant Approval Credit Cards are encouraged
to be wary. In many cases, Instant Approval Credit Cards retain considerably
high Annual Percentage Rates (APR), which require the full monthly payment of
the outstanding balance in order to avoid interest surcharges.

Instant Approval Credit Cards: Profile and
Background

The following details are inherent within the
financial structure and legal ideology of Instant Approval Credit Cards:

Instant Approval Credit Cards may be accessed both
in a physical setting, as well within a virtual one. Furthermore, the denial of
applications for Instant Approval Credit Cards taking place over the Internet
may not be applicable to telephone or physical applications. Many individuals
have reported approval over the telephone subsequent to a rejection taking
place online.

Instant Approval Credit Cards are not only
available throughout the week, but also on the weekends. As a result, those in
a financial bind may choose to undertake the application for Instant Approval
Credit Cards.

Instant Approval Credit Cards: Legality

Instant Approval Credit Cards will typically fall
under the jurisdictions of both Finance Law and Commercial Law.

Finance Law is the legal specialty regulating and
overseeing legislation applicable to the exchange and the circulation of monies.
This takes place in both transfer activity undertaken involving hard currency,
as well as Instant Approval Credit Cards.

Commercial Law is the legal field that enacts the
regulatory oversight of standards and practices occurring within the commercial
marketplace. With regard to Instant Approval Credit Cards, statutory legislation
is undertaken within the precepts of Commercial Law to ensure that any nature
of predatory lending or financial exploitation is an illegal offense.

Instant Approval Credit Cards Assistance 

Although predatory lending was determined to be a
criminal offense as a result of the CARD Act of 2009 (The Credit Card
Accountability, Responsibility, and Disclosure Act), certain institutions
offering Instant Approval Credit Cards may grant the approval for candidates
whom they suspect will be unable to satisfy repayment, thus subjecting that
individual to higher APR in conjunction with interest fees. Individuals
interested in the receipt of Instant Approval Credit Cards are encouraged to
engage in both accredited legal and financial counseling with trained
professionals prior to any financial commitment.

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