Why do people say pay your bills on time when none of my bills are being reported to the credit bureau? What are good ways to establish credit after a come back from bad credit? Everyone suggest get a department store credit card, but from what specific store, I just got shot down for a target card. Any tipson how to keep your credit decent after a lay off and working for peanuts.
2006-07-11 15:25:37 · 8 answers · asked by nene 3 in Business & Finance ➔ Credit
I agree with Indianadude, stay away from Cap One. Also stay away from those sites that let you apply for any and every companies card. Those sites usually are nothing but scams, and the cards that you may get from them are very sub prime loaded with fees, like Aspire and Aspen.
Orchard, HSBC and Bank of America has card selectors on their sites, you can see if they will recommend a card to you. They will not pull a hard inquiry when you do the selector, but if you apply for a card that is recommended, they will pull a hard inq.
Keep in mind that even if a card is recommended, you still have to qualify to get it.
One credit line to get is Crown Jewelers. They never check credit, but the only way to get them to report is to make a purchase. You can usually find the cheapest priced item to buy and have a credit limit of $500 to $1500 reporting on your credit reports.
You might check Walmart.
Chevron has a rebuilder card.
The best thing to do is to take it slow, get a card and let it report for 6 months or so before trying for another.
And when you get a card, only charge a small amount and pay in full when you get the statement, then put the card away for 6 months or longer.
Every time you apply for a card, your score will go down because of the inquiry. So don't apply for cards you don't think you have a chance of getting right now (prime cards)
I also agree that you should go to creditboards and do some reading in the newbie forum and the credit forum.
2006-07-11 20:56:49 · answer #1 · answered by echo 7 · 0⤊ 0⤋
I like capital one. It'll probably be a lower limit card, like 200$ or 300$, but what you do is, go buy 75$ worth of stuff. Bill comes, you pay the WHOLE BALANCE IN FULL.
Next month, same thing, BALANCE IN FULL.
Run it up to 200$ in one month? PAY IN FULL!
Do that 3 months in a row, then take the card and cut it UP!
This shows 1. someone trusted you to give you a credit card.
2. you are able to pay it off in full every month and 3.
hey, you're not using it anymore, why not, don't you love us? Come back! come baaaaack!
And what kind of bills you got that nothing goes on your credit? Are you sure? You better get a credit report--try "free credit report" on yahoo search, you get 1 a year. Better see what you got out there before you go trying to apply for anything else.
2006-07-11 22:34:55 · answer #2 · answered by Munya Says: DUH! 7 · 0⤊ 0⤋
all your bills will be reported to the credit bureau if you don't t pay them on time...... it will be hard to get credit if you have been blacklisted and your credit is low. The only thing you will be able to do is try to get a credit card, the only downside will be that fact that the interest rate that gets applied to you will be astronomical! if you can afford it get car from a dealer that will accept that you have a ad credit rating then make sure that you make all payments on time that will build your credit rating back up.... there are plenty of financial advisors at local banks that will be able to help you and offer advice as well, may well be worth a visit to go and speak with one of them, good luck
2006-07-11 22:32:32 · answer #3 · answered by brett_day2002 3 · 0⤊ 0⤋
Everyone gets those credit applications in the mail . Choose one with the lowest interest, and apply for it, When you are accepted, start small, with something cheap. Pay it off promptly, and then charge something else small. I'm talking food, not TVs. Gradually, you will build up your credit, and the credit card companies will trust you again. Be careful this time , and don't buy items you really don't need,
2006-07-11 22:45:34 · answer #4 · answered by hollyltstarfleet 4 · 0⤊ 0⤋
DON'T GET CAPITAL ONE..they don't report your credit limits and tons of other bad things.
They are the 1# worst.
Get a Orchard bank card. Orchardbank.com
They approve nearly everyone..make your payments on time..that a very good start.
Also go to creditboards.com..learn about credit and ask question and get real answers
2006-07-11 23:58:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Answer to your first question... Yes, some companies do report how many times your are late, depending which company it is... To refine your credit, just try to get any credit card. and start there...Make sure you keep up with your payments.. Good LUck...
2006-07-11 22:35:06 · answer #6 · answered by xxblackhorse78 1 · 0⤊ 0⤋
you can get secured credit card. You can try that they report you to the crdit bureau and they increase your limit with your good payments and can eventualy be just a regular credit card.
2006-07-11 22:30:46 · answer #7 · answered by Lovingmom 1 · 0⤊ 0⤋
try to get an orchard bank credit card. they make reports every 3 months or so.
2006-07-11 22:29:04 · answer #8 · answered by go_surf74 2 · 0⤊ 0⤋