i dont have any credit and it seems like no one wants to give me a credit card or let me apply for any loans or anything its krazy like how am i supposed to build credit if no one wants to start me off with some kind of credit card or loan or anything???
2006-07-26 14:23:54 · 18 answers · asked by Big Daddy Cake 1 in Business & Finance ➔ Credit
i got a good job for like 3 years and steady income i just need to get started.....
2006-07-26 14:34:35 · update #1
Join a credit union. They are usually more willing to loan money then banks are.
Consider having someone co-sign a line of credit.
Lesson learned.....start working on your credit as young as possible. Even having your parents co-sign a card when you are 16 is a great start!
When I was 23, I had a very good job, I had $20k in the bank (this was 1979)...I had a new car (paid for in cash) but NO CREDIT! I had a hard time getting the bank to finance my mortgage, even though I had all this other stuff going for me!
No Credit History = No Loan
2006-07-27 05:04:14 · answer #1 · answered by Anonymous · 5⤊ 1⤋
There are some credit cards out there that charge crazy money (membership fees, high interest rates) and they are taking advantage of people who have bad credit / no credit. If you are good about money, then run a balance and pay it off each month. After a short period of time, you will qualify for a higher credit limit and you will also be able to get other credit cards. You could then get a couple of cards and switch off usiing them and paying them off each month. The more you can demonstrate that you pay your debts, the better your rating will become and the easier it will be to move up the credit ladder.
You have to use the credit
You have to pay it off
2006-07-26 14:31:18 · answer #2 · answered by kpizura 3 · 0⤊ 0⤋
The easiest way is to do a rent to own. Pick something cheap because you will need to take 12 months to pay for it and never be late. That will be a start on your credit. Another way is to apply for such things as capital one credit cards. These charge a fee per year to get a card, don't pay over $59 per year for the privilige of having the card. A rent to own and a capital one card for 12 months with no late payments ought to get your credit started very nicely.
2006-07-26 14:28:11 · answer #3 · answered by wanda s 2 · 0⤊ 0⤋
Try to get a small, short-term loan from a bank or even apply for credit the next time you buy an appliance. Pay it off responsibly and you will have some credit. Get a co-signer if you have to at first.
2006-07-26 14:29:00 · answer #4 · answered by wvaggie 1 · 0⤊ 0⤋
The best way to establish credit is to probably apply for a store credit card. Like Target or Macys. Either a smaller store credit card, like those or a gas card. I think that they are usually easier to obtain with no credit history than a major credit card. Also, it might be a good to idea to have someone add you as an authorized user to their account, that way their credit history shows on your report... or have someone co-sign for an account.
2006-07-26 14:28:24 · answer #5 · answered by Ryan J 2 · 0⤊ 0⤋
Get a secured credit card (the credit card people have a deposit against any charges you make) and be religious about paying on time. In a couple of years you'll have credit.
2006-07-26 14:32:17 · answer #6 · answered by Christicide 2 · 0⤊ 0⤋
There are some issues you're able to do. look at a guy named Dave Ramsay, he has a countrywide radio instruct and helps human beings get out of debt he has additionally written numerous books. you will possibly no longer opt to take all of his advice yet I actual have heard him provide some extraordinarily solid advice on managing lenders. fairly, your issue isn't the top of the worldwide. in case your cash owed have lengthy previous to sequence companies then your credit is already dinged so which you do no longer probably opt to pay the expenditures and effects. in fact you may negotiate with the sequence companies and settle for a fraction of what you owe (the trick is that in the event that they think of they are no longer going to get something, they'll attempt to settle for as much as seventy 5% off the debt). the sequence companies will make threats and stuff yet it extremely is all they are threats, your credit is already dinged, paying the debt in finished or a settlement can't make a distinction. the main necessary issue is to get the sequence debts settled and closed (then the telephone calls and letters will provide up). After that basically pay your charges on time and wait it out. After some years you will see your score arise and issues would be returned to conventional, it basically takes time.
2016-12-14 14:34:20 · answer #7 · answered by danzey 4 · 0⤊ 0⤋
The best thing to do is go to your bank and open up a secured savings account of your amount and borrow from yourself and in two months pay it off and bamm your credit scores are boosted and you got an open line of credit, then find a small jewerly store or JC penny or Wal mart
2006-07-26 14:34:50 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Are you in college? Banks are very willing to give college students credit cards on the assumption that they will make a lot of money. You might want to start off with a secured credit card. See: http://en.wikipedia.org/wiki/Secured_credit_card#Secured_credit_cards .
2006-07-26 14:28:30 · answer #9 · answered by Anonymous · 0⤊ 0⤋
1. Work hard, 2. Live frugally, 3. Pay your bills on time. After a few years, buy something small on credit. Repeat step #3.
2006-07-26 14:28:12 · answer #10 · answered by correrafan 7 · 0⤊ 0⤋