English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

I am looking for 0 liability, this card will be for a beginner.

2007-01-28 14:17:52 · 5 answers · asked by Anonymous in Business & Finance Credit

5 answers

For many consumers, not having any credit history can be just as bad as having bad credit. If you have no credit history you may be in credit limbo, with potential creditors turning you down for credit because they don�t have any way of knowing your level of credit risk.

Luckily, if you find yourself stuck between a �rock and a hard place� in regards to your credit, there are many things you can do to build a solid credit record. Many of these things are similar to what you could do if you had bad credit.

If you have lived in the same home for at least a year and held a job for the same period of time, you may qualify for small lines of credit with department stores and other businesses within your local community. Make sure these businesses report your account information with the three national credit bureaus or you will be wasting your time using their cards to build your credit.

The interest rates on many store cards may be higher than a typical credit card, so make sure to keep only a small balance on any of these cards you may have. It�s often a good idea to avoid paying off your entire balance so you can build a repayment history for your fledgling credit report. As long as you don�t max out your cards and make your required minimum monthly payments you�ll be fine.
prepaid credit card is the best choice for it.
you can get a good credit card for build credit from: http://www.card-gallery.com/PrePaid_Card.html

2007-01-28 20:34:39 · answer #1 · answered by Anonymous · 0 0

Get a PREPAID CREDIT CARD

Though prepaid credit cards resemble debit credit cards a lot, the two are vastly different. When you use debit cards for any purchase, your shopping will be automatically debited from your bank account. On other hand, the purchases made with prepaid cards are deducted from the balance present on the card.

The prepaid cards offer various benefits like:

Interest-free purchases

People with a bad credit history are eligible to apply for a credit card.

The credit limit varies according to the balance available on the card.

2007-01-29 17:50:11 · answer #2 · answered by juli o 3 · 0 0

NONE Cash.
you build real credit track record by paying your bills on time or in advance.
usagre of credit cards builds debt and slavery , yours. visit daveramsey.com to learn what bankers/slavers don't want you to ever never learn and then apply the info.
read 'the millionaire next door' to find out what the working poor don't know or do.
a fully funded debit card can be used any where a slavers card can. as a beginner learn from old folks who learned hard lessons.
credit is 21st century slavery.

2007-01-28 14:32:43 · answer #3 · answered by Anonymous · 0 0

there is no such thing as a good credit card. They are all a scam. They will hurt your credit somehow or someway. The credit card provider will make sure of it. So good luck of trying to find a good credit card provider.

2007-01-28 14:46:19 · answer #4 · answered by Anonymous · 0 0

Pre-paid. Otherwise, it ain't 0 liability.

2007-01-28 14:27:04 · answer #5 · answered by pater47 5 · 0 0

fedest.com, questions and answers