2006-10-21 05:06:25 · 5 answers · asked by jolene m 1 in Business & Finance ➔ Credit
What is the question? If you can't do something because you have bad credit, get good credit and then you'll be able to to what you want to do.
2006-10-21 05:13:38 · answer #1 · answered by DelK 7 · 0⤊ 0⤋
You already have bad credit? Now go to Providian.com or even take out a secured VISA or Mastercard from National City Bank. Make sure you pay these cards on time. You need to restructure your credit and I hope you have a job. If you don't then forget about getting any credit card until you are ready to be responsible for your mistakes. Ask your parents for help with making payments to your debt. Call up those collection agencies and negotiate a settlement.
Just remember when you get a credit card and you use it, the issuing credit card company is giving you a loan. You have to pay it back. If you pay it back on a bi-weekly basis not only will you pay it off faster but your credit scores will go higher.
2006-10-21 05:16:35 · answer #2 · answered by steve s 3 · 0⤊ 0⤋
I know some things about bad credit because mine was horrible for years. I'm 23 now and finally have fair to good credit. The first thing to do is check your credit report to make sure everything on it is accurate. After that I agree with what lots of other people have already said, a secured credit card will help you out. Other than that just make sure you pay your bills on time. Unfortionately it doesn't go on your credit account if you pay your bills (like the phone or PG&E) on time, but if you miss payments that will show up. When I was 19 I got rejected to open a checking account, that's how bad my credit was, but after years of paying things on time mine has finally improved.
2006-10-21 05:32:26 · answer #3 · answered by bashleyf2000 2 · 0⤊ 0⤋
If you are in the US, there are lots of options for you. People with bad credit can get a special credit card based on a deposit. The minimum deposit is usually around $300 and the maximum is usually around $1,000. The way it works is, you basically pay up front... then whatever the amount of your deposit is becomes your credit limit. If you ever default on your bill, they will close your account and just keep your deposit. It is a risk free solution for the bank and you get to go back to having a credit card number.
If you're just talking about opening a bank account, I've heard of banks turning away people with bad credit on opening a chequing account because you can write cheques that will bounce but I've never heard of them turning away a customer looking to open a savings account. Chances are though, wherever you go, you're in for higher than normal service fees and in some cases, limited access to your money or services. Once you've screwed up, they like to keep you there for a while. Its called learning from your mistakes. If it was easy to get right back on your feet, nobody would ever learn.
2006-10-21 05:20:52 · answer #4 · answered by wreck_beach 4 · 0⤊ 0⤋
22 & you already have bad credit!! Getting more credit will
NOT help you, it will only give you more debt. You need to get
your spending under control, start by making a budget & sticking
to it. See if your school offers access to "credit counciling" &
take advantage of it. Concentrate on reducing your debt.
...Good Luck, .... & drop us a line later & tell us how the story ends.
2006-10-21 07:30:15 · answer #5 · answered by rpf5 7 · 0⤊ 0⤋