ok so when i started college (at 18) i started getting credit card offers but i didnt have a stable job (federal work-study) so i didnt want to apply or accept any offers. now, 1 year later i do have a job (not just work-study) & want to apply for credit but no one will accept. i also changed my address & that is usually the reason that the credit card companies give me as to why i wasnt approved -because there is no record of me here (well, that & not enough credit info). how can i get started on my credit?
2006-12-21 07:29:03 · 7 answers · asked by kraze_lil_me 2 in Business & Finance ➔ Credit
I suggest going to http://www.annualcreditreport.com/. You need to contact each of the 3 credit agencies (TransUnion, Experian, and Equifax) and notify them of your address change. This can be done for free. Once this is done, you should be able to re-apply and be accepted. Also, one other thing, don't apply for every cc in sight. This can actually decrease your score if you have too many "hard" inquiries.
2006-12-21 08:54:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are some credit card companies that will give you a card with a small credit line and you can build from there. Otherwise, you'll have to get someone to co-sign for you.
2006-12-21 07:32:57 · answer #2 · answered by capnemo 5 · 0⤊ 0⤋
star by trying to get a department store card. try penney's, sears, marshall's, gap...many stores have their own credit card. apply for the card and usually you'll get approved and take advantage of the discount you get with your purchase and then pay the card off and you have started your credit profile.
now, feel free to cut that card up and close it with the company b/c they have notoriously high interest rates.
then, apply for a low interest capital one, visa, mastercard.
just remember to pay off everything you owe every month. then, you will have great credit!
take care.
2006-12-21 07:38:44 · answer #3 · answered by joey322 6 · 0⤊ 0⤋
One option is Secured cards, where you secure the credit. Then later they'll extend you unsecured credit. You can do a google search. Check your credit report too to see if there's an error.
2006-12-21 07:32:21 · answer #4 · answered by ebillar 1 · 0⤊ 0⤋
Get a student card
go here to compare them
http://www.bestcreditrates.net
2006-12-21 14:16:49 · answer #5 · answered by bijan816 2 · 0⤊ 0⤋
Gawd.
Just don't get started.
http://www.cbsnews.com/stories/2006/08/08/earlyshow/living/money/main1873389.shtml
2006-12-21 07:31:58 · answer #6 · answered by Sir J 7 · 0⤊ 0⤋
Borrow a small amount (it will be at high interest) and pay it back on time.
2006-12-21 07:31:07 · answer #7 · answered by scruffy 5 · 0⤊ 0⤋