CREDITDONKEY ANNOUNCES STELLAR CREDIT CARD OPTIONS FOR THE UNEMPLOYED

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 12, 2011 -- The June, 2011 Jobs Report underscored what many out of work Americans are living. This recession just keeps holding on. In fact, hiring screeched to a near-standstill last month, with companies adding the fewest jobs in nine months and the unemployment rate increasing to 9.2%, according to a Department of Labor report released in early July.

As this economic downturn continues to last longer than most American consumers, economists and job seekers anticipated, increasing numbers of consumers who have always paid their bills on time and have traditionally achieved credit scores hovering in the 700 range and above are now finding that due to job loss, sickness, and other unexpected bills are now reduced to the 600 range and lower. Credit scores under about 620, are traditionally known as a subprime and although credit is available, the deals on credit cards may be tougher to find.

At CreditDonkey, we want to empower the consumer with the best credit card deals regardless of credit score, while also providing a few tips that will be invaluable as consumers start to build their credit again.

Here are a few of our favorites:

The Household Bank Rewards MasterCard has an introductory APR as low as 0% for up to 9 months. In addition you will earn 2 points for every $1 in net purchases charged to this credit card, redeemable for merchandise, gift certificates, or cash back. Plus, cash back redemptions start at $25 for 2500 points.

• 0% APR
• Generous rewards
• Redeemable rewards starting at 500 points

The Mango Card is a great option for those consumers who just need a card to cover purchases that are not efficiently paid with cash. The Mango Card is not actually a credit card, which means you can spend only the money you have and will not incur late payment penalties or fees. The other great thing about this card is you can tie it to your direct deposit for further convenience.

• No interest charges
• No fees
• Direct deposit available

The Orchard Bank Classic MasterCard is an excellent card to help rebuild your credit. In addition, discounts are available from MasterCard® at many of your favorite merchants when you enroll in the services at www.mcnearby.com. Another cool feature is the free email and text messages available to remind you of your upcoming payment due date.
• Reports monthly to all three bureaus
• 100% protection from unauthorized charges


CreditDonkey has provided some additional information that may be helpful to you in many of your current credit situations:

• When consumers are looking to build credit, it is helpful to choose a credit card that reports to bureaus monthly. This benefit ensures you reaping the benefits of on-time payments in real time reporting every month.

• Be sure to use the tools available to you in the Fair Credit Reporting Act. For example, a new provision now allows you to add a 100-word explanation to your credit report that lenders will see. This can be anything from explaining a job loss, health problem, or any circumstances that have led to a drop in your credit score.

• Don’t pay hefty fees to have someone fix your credit. Be aware of scams out there and know that there is no magic formula to disputing items on your credit report. In fact, the US Government provides step by step instructions and other helpful tips to consumers. Save your money and take advantage of this free information. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm


CreditDonkey provides comparison analysis on a number of credit card categories. For more information on credit cards, please visit http://www.creditdonkey.com

About CreditDonkey

CreditDonkey is a credit card comparison site that publishes credit card research, informed opinions and related news/trends that empower American consumers to make informed credit decisions. All major credit card issuers and banks are among their listings, including; American Express, Bank of America, Chase, Citi, Capital One, and Discover among others. Use CreditDonkey.com and save time and money. For more information, go to http://www.creditdonkey.com

Press Contact
Cathleen Lewis
P) 310-567-2238
E) Cathleen@madisonworldwide.com

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