2006-06-05 16:35:47 · 15 answers · asked by abc 3 in Business & Finance ➔ Credit
Get a secured credit cared, which is one where the credit limit is fully backed by savings in the bank of the same amount. Charge something each month and pay it off in full... after a year, you'll get more credit card offers than you can shake a stick at.
2006-06-05 16:37:29 · answer #1 · answered by nurse_spratchet 4 · 0⤊ 0⤋
There are a couple of ways to go about it.
One way is the secured credit card, where you put money in a bank account and then they give you a credit card with the same balance on it. You wouldn't be allowed to touch the money in the account.
The other way is to apply for some smaller credit accounts, such as a jewelry store account or a gas card, and then use it for a while and make sure to make all of your payments on time. This will help you build your credit. After that you apply for a credit card.
Don't forget to check your credit report and see if there is some information on it that is not accurate, because if someone stole your identity and got some credit cards in your name, it would make it look like you aren't credit worthy.
2006-06-05 23:39:50 · answer #2 · answered by double_nubbins 5 · 0⤊ 0⤋
One company I know of watches purchases and then calls and offers their customers a credit card. If you have a debit card, buy your gas at the same station, every time. After a few months, you should get a call from them with an offer of a gas credit card. Once you've had that a while, other offers should flow in at an astonishing rate.
You really don't want to bombard your credit report with a massive amount of credit card applications, especially if you've been turned down recently.
Acquiring credit takes patience, but it pays off in the long run.
2006-06-06 16:56:46 · answer #3 · answered by kathy059 6 · 0⤊ 0⤋
If you are a Jr or Senior in college that should not be a problem...most major banks have special programs for students, starting, of course with a low credit amount.
You can open a checking account and get yourself a Debit Card [visa/mc], but it what you are looking is for "a credit card".....then you can consider a Secure Credit Card, in which you place a certain amount "in deposit" as security for your "credit card", with time your limit will increase past your "secured balance" and even be reduced until you are basically on your own....
For people with almost no credit [no bad credit] Orchard Bank, Premier Bank, etc, etc, have some low limit credit cards for first timers.....
2006-06-05 23:40:40 · answer #4 · answered by Man of La Mancha 2 · 0⤊ 0⤋
You can get a secured credit card, where you give the credit company the full amount of the credit line, and as long as you aren't late on your payments and become delinquent, you will receive your money back, and build your credit up. You can also try picking up a cell phone, but if you don't have credit, you will probably have to have someone with credit co-sign for you, or you might have to pay a security deposit which you will get back as long as you aren't delinquent.
2006-06-05 23:43:22 · answer #5 · answered by Johnie B 2 · 0⤊ 0⤋
We were in the same boat. What we did is after having a checking account, we got one of those Visa Check cards through our bank. It also lets you debit, or credit your purchases. You can use it like a credit card toward reservations and other types of Credit Card Only purchases. You usually have a Credit limit you can use. Only thing is, you have to have any "overages"
to your account paid off sooner or you start getting interest tacked on.
At least it is a start. Good luck......
2006-06-05 23:41:44 · answer #6 · answered by teashy 6 · 0⤊ 0⤋
If you are a student, there are a lot of companies that have student credit cards. My first credit card was a student one from Capital One. It had a low limit ($200), but it allowed to build credit without going crazy.
2006-06-06 03:03:59 · answer #7 · answered by nitemere11 3 · 0⤊ 0⤋
Go for Department store credit cards. higher interest, but more likely to take a chance on you.
Go to bank, if you have savings (eq $500) ask for a credit card (max $500) and put up your savings as collateral against the card.
After that, always pay on time, make a higher payment than asked and DON'T live off your credit card.
2006-06-05 23:40:00 · answer #8 · answered by B'Dub 1 · 0⤊ 0⤋
You can get a secured credit card. These require that you either deposit money with the company, or tie it in to your checking account. Do an online search for "secured credit card" to find companies that do this. Just make sure the company is legitimate first.
2006-06-05 23:39:35 · answer #9 · answered by Jack 5 · 0⤊ 0⤋
If you have a savings or checking account, try to get a credit card through that bank. Nine out of ten times, they'll give you one.
2006-06-05 23:38:24 · answer #10 · answered by doll_ofvoodoo 3 · 0⤊ 0⤋