I am trying to start like a business marketing thing and I really need some money to get it going and I think that credit card would be the best but I wasent sure that there was any way I could get one so I was just looking for some help.
2006-11-06 16:45:01 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
Or maby even something like a prepaid credit card would help for the purchases that I will be making but where would I get something like that?
2006-11-06 19:18:02 · update #1
Okay, it's hard to get credit under 18, and the reason is that generally you can disaffirm any contract (like a contract to repay) when you hit 18. That makes lenders really reluctant.
However.
You can't do that for everything, basically just for "frivolous" things. A serious business or necessities are exceptions. Like, if you buy a car on credit and you use the car to go to work, you can't disaffirm, but if you use it to go to parties, you can.
So.
You go to the bank that knows you, and try to get a banker on your side. You're not going to succeed in getting credit from big nationwide lenders. You MIGHT from your local bank.
Try it. They can't eat you. Worst they can do is say "no" which leaves you exactly where you are now, no worse than that.
2006-11-06 16:51:21 · answer #1 · answered by open4one 7 · 1⤊ 0⤋
No one under the age of 18 can legally sign a contract as companies can't force repayment from a minor. The only way you can get start up capital at your age would be through your parents or an adult family member. If they are willing to get you a credit card or a line of credit, you would have to be very sure of the project and that you could repay them.
2006-11-06 16:55:39 · answer #2 · answered by Country girl 7 · 1⤊ 0⤋
I don't think that you can because you have to be of age to enter into a contract. The only way you can get a card is to have your parent get one and have you as someone who could use it. Your parent would be responsible if you did not make the payments.
2006-11-06 16:49:42 · answer #3 · answered by tonks_op 7 · 1⤊ 0⤋
Not a good idea. In a few years, if you go to college, you will be bombarded with offers for credit cards. Be careful, tho'.
2006-11-06 16:48:45 · answer #4 · answered by Rhonda 7 · 1⤊ 0⤋
You can't get a credit until you are 18.
2006-11-06 16:47:30 · answer #5 · answered by ClassyGemini 3 · 0⤊ 0⤋
only way to get one is through your parents
2006-11-07 03:43:35 · answer #6 · answered by ? 6 · 0⤊ 1⤋