2007-01-23 03:39:37 · 21 answers · asked by kingkong 2 in Business & Finance ➔ Credit
Sure! There are several different options for you depending on your type of bank. Your bank might be able to just issue you a standard, low limit card. But if it doesn't, try to have a secured credit card. Meaning, you place in $300 in a stand alone account and you get a credit card with a limit of $300. It is a start and as long as you have been making your apartment payments, utility payments, etc. on time, then you should be ok.
Good Luck!
2007-01-23 03:41:58 · answer #1 · answered by Drew P 4 · 0⤊ 0⤋
The best thing is not to get a credit card. You will be paying the highest rate of interest because your on a low income. It's very easy to get in debt.
2007-01-23 08:11:18 · answer #2 · answered by meko76 4 · 0⤊ 0⤋
Credit depends upon your income. Perhaps a credit card with a lower limit of credit then somebody that would earn $100,000 a year. Nobody can get a credit card if they have bad credit though. Make certain you can afford the payment.
2007-01-23 03:44:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I have a son who is blind and I just started working less than part time and close to minimum wage and my son receives social security checks. I have several hospital collections and I cant pay all of them plus credit cards. I am being sued and they want to take my checks but there is not much they can do but threaten you. Go to court and explain your situation. They will assess your finances and will find out that what you said you could pay is the only thing that you can pay. Stay strong I know how you feel. You will get through this and your life will be better.
2016-05-24 00:56:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you have a low income they want you more because you can never pay back your revolving fees. Believe me, once one credit card company finds out you filled out an application, you will start receiving cards of all kinds in the mail.
2007-01-24 14:20:53 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Most banks offer secured credit cards, meaning you must deposit an amount equal to your credit limit in an account with the bank. As you prove your credit worthiness the bank will increase your credit limit without you having to match the increase with security. I started out this way about 30 years ago with a 300 dollar crdit limit which is now at 42,000 dollars.
2007-01-23 03:45:30 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You should be able to get a credit card no matter what. But your credit has to be good. Meaning, if you pay your bills on time and all that good stuff then you should have a good credit.
Go apply, see what happens.
2007-01-23 03:44:05 · answer #7 · answered by Mandi B 2 · 0⤊ 0⤋
Look, if you are low income PLEASE stay away from credit cards!!!!!!!!!!!! They offer nothing but years of debt and temptation. It's so easy to say 'Oh I'll just put this on it and nothing else' but I can guarantee it won't stop there. If you are on low income you probably struggle enough as it is, ask your self, can you really afford another monthly bill???
2007-01-23 04:25:55 · answer #8 · answered by Anonymous · 0⤊ 0⤋
So far yes, banks will gladly get you into debt. In fact, I think they prefer poorer people because you're even more likely to only make the minimum payment and build up a debt that will enslave you to them for years. Sorry if this sounds harsh, but really you don't want to get a card.
2007-01-23 03:44:24 · answer #9 · answered by 👑 Hypocrite 7 · 0⤊ 0⤋
Yes, but you will need to meet the Credit card companies financial criteria, i.e.
Good credit history
No bad debt or CCJ etc
2007-01-23 03:43:34 · answer #10 · answered by andy b 3 · 0⤊ 0⤋