As the question states, I have no credit history. There is no way I can get someone to co sign for a loan for me. I was just wondering if this was the best way for me to get a credit history if I use the card wisely and make a minimal amount of purchases.
2006-09-05 11:51:40 · 12 answers · asked by Bear 5 in Business & Finance ➔ Credit
yes, you can get one, but I would be careful they try to get young people and then people are irresponsible and keep building debt. If you get one, make one purchase on it every month and then pay off the whole balance right away, that way you're building credit and not building debt.
2006-09-05 11:57:38 · answer #1 · answered by Sky 5 · 1⤊ 0⤋
This card may be right for you. It starts out with a low limit so you can't get into too much trouble with debt. The limit will get bigger as you pay it on time. There is no credit check so you are guaranteed acceptance. it also reports to all 3 credit agencies so you will build credit. Hope this helps.
http://creditoffernow.com/imaginecard
2006-09-06 03:01:44 · answer #2 · answered by Harvy S 2 · 0⤊ 0⤋
That would be a good first step in establishing a line of credit. You can check with your bank and they should be able to get you a card. The worst you would have to do is have someone co-sign with/for you. From there, you can slowly build up your credit.
2006-09-05 11:57:25 · answer #3 · answered by Allyson26 2 · 0⤊ 0⤋
i could recommend beginning up a mastercard account basically on the inspiration that what you spend you could placed in the direction of a mastercard. costs of pastime can the two destory you or make it much less complicated on you. for occasion my (whilst it became) Meier and Frank save mastercard became i've got faith at like 11 some thing pastime for the 1st couple of months. Then it jumped to 20 p.c.. So I quickly have been given rid of that card. yet another staggering way is getting a cellular telephone that calls to your credit to be ran. With sprint they run your credit to be certain how stable it rather is and that i became able to get 5 strains through me paying on time.
2016-11-24 23:26:52 · answer #4 · answered by mccuistion 4 · 0⤊ 0⤋
Yes, it is a good reference, and more than making minimal purchases, it is a matter of spending less than you earn, and pay everithing as soon as you use the credit. Avoid paying interest by using the card.
2006-09-05 12:15:13 · answer #5 · answered by mfacio 3 · 0⤊ 0⤋
Get a credit card, and keep the balance under 50%. A department store might be the only one you can get at first-- but just a couple good months and you should be able to get a visa or discover.
2006-09-05 11:57:48 · answer #6 · answered by Anonymous · 0⤊ 1⤋
I got a credit card and bought a tv at sears and payed it off to establish credit of my own...dont go overboard or it will ruin your credit....make a small purchase of something each time you pay off one...make only purchases that you can pay off easy and fast....
2006-09-05 11:56:23 · answer #7 · answered by misinmybaby 1 · 1⤊ 0⤋
Get a secure card. Deposit an amount with the issuer bank and use your own money to build your credit. It works. Try Bank of America.
2006-09-05 11:55:55 · answer #8 · answered by ptlconnections 1 · 0⤊ 1⤋
good idea. You can buy whatever you want, but here is the catch:
you pay off the balance every month
Yes, you owe them nothing, pay them nothing to borrow their money for a 30 day period.
One time you make a "minimum" payment, you start paying them for the privilege of using their card.
2006-09-05 12:22:06 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Yeah get a card, just be wise with it, spend only if you
have funds to pay it back.....
get stuck into these, it'll help
build up your knowledge:
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
if you get any luck please don't forget about me lol, hope it helped you!
2006-09-05 12:38:57 · answer #10 · answered by Anonymous · 0⤊ 0⤋