NEW YORK, March 2, 2023 (Newswire.com) - Credello: Credit scores are critical financial tools in today's society, so it can be problematic when your credit report shows a low score. Those with higher scores statistically get better interest rates and more favorable payoff terms than those with lower scores, which could mean the difference between hundreds, or even thousands, in added-on fees and interest rates.
So if you want to repair your credit quickly, consider adding another credit card to your collection. It sounds counterintuitive, but this new card might be more helpful than you think.
Let us introduce you to the secured credit card.
What is a secured credit card?
Are you looking to fix your credit score and don't know where to start? A secured credit card may be the answer you are looking for.
Secured credit cards are designed to help people with damaged or limited credit build or rebuild their scores. They're different from traditional credit cards in that they require a security deposit, usually a few hundred dollars, which acts as collateral. This deposit is held until the cardholder is finished using the card.
The terms of use for a secured card are typically similar to those of a regular credit card, save for the deposit. You can use it just like any other credit card, make purchases at stores, online, and even pay bills.
How a secured credit card can help rebuild your credit
Since secured cards are often easier to get than traditional ones, they're perfect for consumers with limited or poor credit histories. They also provide more flexibility regarding spending limits and can help you manage your finances.
With a secured card, you can develop a positive payment history and establish good credit habits. Plus, once you have paid off the balance of the secured card and improved your credit score, you should expect to get more competitive offers for unsecured cards and personal loans that can help you improve your score even more while still getting the money you need.
Plus, since you'll receive the deposit back after closing the secured card, you'll have a small emergency fund to start building your savings or paying off old debts that are still around.
What credit score do you need to get a secured card?
Generally speaking, secured cards are an option for those with bad or fair credit scores. If you're looking to get a secured card, aim for a credit score of at least 500, but the higher your credit score is, the more likely you are to get approved for a secured card with better terms and conditions.
To ensure that you get approved with the best terms possible, you should work on improving your credit score as much as possible before applying. That means paying off existing debts, disputing any errors on your credit report, and limiting how often you apply for new credit.
What other options are there besides secured credit cards?
If you're not interested in getting a secured card, consider looking for a card with a promotional 0% APR on balance transfers. That way, you'll be able to transfer existing debt to a card with 0% interest and work on reducing your overall utilization, thus improving your score. However, balance transfer cards are typically unsecured and are harder to get approved for than secured cards for those with low credit scores.
Another option is a personal loan. These loans are typically unsecured (unless you can offer something for collateral) but have stricter terms and conditions than the average credit card. They can be a good option if you need quick access to cash but are unlikely to help you rebuild your credit score.
The bottom line
If you want to improve your credit score quickly, a secured credit card may be the perfect solution. With a few simple steps, you can repair your bad credit history and get the financial tools you need to build a brighter future.
Contact Information:Keyonda Goosby
Public Relations Specialist
press@credello.com
(201) 633-2125
Carolina d'Arbelles-Valle
carolina.darbellesv@iquanti.com
+1 305 849 8443
Original Source: Could a New Credit Card Help Fix Your Credit Score?
TAMPA, Fla., March 2, 2023 (Newswire.com) - Black Book's intensive study of population health data activation platforms and data management systems included the input of technology, clinical and financial leaders in hospitals, physician organizations, ambulatory care and ancillaries, health systems, and clinically integrated networks and rated on client experience by 2,539 participants in the crowdsourced survey from August 2022 to January 2023.
Ninety percent of healthcare IT leaders surveyed revealed their organizations are prioritizing data integration planning in 2023 and thirty percent have allocated funds to address the issue this budget year. In March 2020 at the start of the pandemic, two new rules were mandated to implement interoperability and patient access provisions of the 21st Century Cures Act. The rules promote FHIR as the foundational standard to support data exchange in healthcare putting provider IT users on alert.
According to provider organizations surveyed, their need for health data integration is driven by rising provider costs including locating and avoiding duplicate and unnecessary procedures (90%), the growing volume of healthcare consumer data (82%), consumer demand on providers for health results (92%), and gaps in clinical device connectivity (97%).
Despite the rising need to reduce healthcare expenditure by using advanced operational technologies, there remain significant concerns related to data privacy hampering global healthcare IT integration market growth according to 96% of technology executives polled.
"'As health systems navigate the complexities of population health management, strains on the data ecosystem of hospitals can jeopardize progress," said Doug Brown, Managing Partner of Black Book Research. "Bringing together datasets from various sources is critical to enable population health efforts, but so far has proved to be a formidable challenge for payers and providers alike. Population health management technology is the transforming collecting, integrating, normalizing, and interpreting data from across care interactions, devices, apps, and settings and is critical in a value-based system."
In the sweeping Black Book survey of hospital IT users, population health management technologies were scored on eighteen PHM-centric key performance indicators including Strategic Alignment with Client Goals, Innovation, and Risk Models, Client Relationships and Cultural Fit, Trust and Accountability, Deployment and Implementation, Interoperability, Reliability, Financial Viability and Managerial Stability, Customer Care Support, and Best-of-Breed Technology.
Black Book Research announced that San Francisco-based Innovaccer achieved the top honor for highest provider user experience and outcomes in the annual 2023 customer polls and competitive research of twenty data activation platforms, data integration, and interoperability solutions. The IT leader achieved top client ratings across ten of eighteen key performance indicators including top cybersecurity and data privacy efforts, integration and interface execution, and quality client relationships and customer service. Innovaccer scored a mean of 9.64 (on the 1.00 to 10.00 scale.)
End-to-end provider Population Health Management Solutions included Data Integration Platforms, Data Aggregation and Analytics, Financial Costing and Bundling, Care Management, Risk Modeling, and Patient Outreach capabilities for software, services, and consultant firms.
About Black Book
Black Book™, its founders, management, and staff do not own or hold any financial interest in any of the vendors covered including Innovaccer, and are encompassed in the surveys it conducts. Black Book reports the results of the collected satisfaction and client experience rankings in publication and to media prior to vendor notification of rating results and does not solicit vendor participation fees, review fees, inclusion or briefing charges, and/or vendor collaboration as Black Book polls vendors' clients. For methodology, auditing, resources, comprehensive research, and ranking data see: https://www.blackbookmarketresearch.com
Contact Information:Press Office
research@blackbookmarketresearch.com
8008637590
Original Source: Innovaccer's Data Activation Platform Rated Top End-to-End Hospital & Health System Population Health Solution, 2023 Black Book™ Survey
