why can't I get a unsecured credit card?

Question

I'm trying to rebuild my credit rating but nobody wants to seem to help!

they keep sending me applications for uunsecured cards and then reject the applications.

Answer 1

If no one is willing to give you an unsecured credit cared, start by going down to your local bank, and get a secured one, where you have to put up acertain amount of money for the credit limit you want. They hold the money as collateral, until your credit is established. This may be 6 months to a year, and you get your money back, and by that time you will have more credit card offers in the mail than you know what to do with.

Answer 2

Probably the reason that you keep getting denied is because you need to rebuild your credit. If you have poor credit, what would the incentive be for a creditor to lend you money -- you've already shown that your not creditworthy. Also, if you keep applying endlessly, that will drop your credit score even more, because creditors will see that you really, really want credit, and therefore there must be a reason that you want the credit so much.

First, you're probably going to have to get a secured card -- it's just a fact of life now. Pay it off on time for a while and eventually, you'll have no trouble getting a card, but that might not be for another 4-12 months depending on how bad your credit is.

And by the way, the reason that you keep getting applications is that you probably meet the creditors' pre-qualifications, i.e., their records indicate that you're alive.

Good luck.

Answer 3

When you say rebuild your credit rating, does that mean you have dealt with any negatives that you had on your reports?

If you still have negatives, the first step in rebuilding your credit is dealing with those.

You might try to have someone add you as an authorized user on their credit cards. Be sure that the cards they add you to have an excellent history and low utilization. That should give your credit scores a boost.

If you still have negatives, the only other thing is to try for secured cards.

Answer 4

if you click on my pic i have a link to a site with this in the text
We have over 50 Banks & Companies that offer Bad Credit Unsecured Credit Cards and Merchant Cards to people with good credit, no credit, bad credit, or even a bankruptcy. - NO SECURITY DEPOSIT
give it a shot

Answer 5

what percentage playing cards have you ever utilized for? the enormous 3 (Visa, MC, and AmEx) are the hardest to get, and so that they decrease back the "save" playing cards like Sears, homestead Depot, etc.. so as that makes even the save playing cards not common to get. have you ever tried come across card? i do not comprehend how common that is to get one lately. significant to observe: everytime an inquiry is made to the three credit reporting organizations, that inquiry turns into component of your credit heritage. So in case you're utilising for alot of distinct playing cards, your credit status ought to wade through previously you actually have credit. definite, getting an unsecured mastercard ought to help to construct your credit see you later as you're making the a minimum of the minimum month-to-month price ON TIME. it truly is the biggest element to construct sparkling credit, because the credit report organizations save music of previous due and ignored funds. common approaches to mind-set price is to purchase in undemanding words what you are able to manage to pay for to pay off thoroughly for some months. Then start up utilising it rather more effective and make some minimum funds. Then bypass decrease back to paying in finished each month. inspite of you do, do not allow it bypass for your head that you've credit and would bypass out and purchase inspite of you pick as a lot as your decrease. With charges of interest so intense, and making in undemanding words the minimum price, the belongings you purchase will finally end up costing you double or triple the retail value you paid for them. also, pay attention of charges of interest and expenditures. study the "effective print" and verify you comprehend the words of the cardboard. in case you get too behind in funds, they can advance your interest fee! stupid, huh? the following you're having sufficient problem and they make you owe more effective money. I understand the exhilaration of the first mastercard and that i managed my credit rather properly until eventually I had to proceed to exist it because i became fired from a job. My credit status went to hell, yet I pulled it up sufficient to qualify for a loan on my homestead about 15 years later. i do not do charge playing cards anymore because i could not administration myself. only a caution to no longer bypass loopy.

Answer 6

Secured is the right way to go. You'll build credit just the same.

Answer 7

because credit cards are given only to secured persons

Answer 8

Your credit must be so bad that you couldn't finance steam off a hot lunch!

Answer 9

Have a look here.

Answer 10

try www.orchardbank.com and www.appliedcardbank.com
worked for me