I'm only 19 years old and for some reason I have bad credit...
I always get rejected when applying for a credit card no matter where I go...
Is there any website or number I can call so I can work something out??
How am I suppose to build credit when I can't even get a credit card to start it off??
2007-02-01 15:30:55 · 9 answers · asked by junglegrl44 2 in Business & Finance ➔ Credit
I would guess that you have NO credit (which, as I"ve read, is just as bad as having BAD credit). Read the Suze Orman's Money book for the YOung, Fabulous and Broke. It's really good!
But, you should also pull your credit report (free at https://www.annualcreditreport.com/cra/index.jsp , be careful of other sites that make you sign up for offers and crap........this one's through the government, I believe), just to make sure that you don't have bad credit (your identity might have been stolen).
Good luck!
2007-02-01 15:33:36 · answer #1 · answered by T.G. 2 · 0⤊ 0⤋
Well, for starters I'd pull your credit report. You can do this for free at www.annualcreditreport.com. See what is on all 3 reports, especially anything negative. You may have been a victim of identity theft.
Are you a college student? If so, you should be able to get credit really easily (almost too easily).
However, if you really want a credit card, you might try looking at one where you put money in a savings account, and they let you use that money. Just make sure the annual fee is only about $20, otherwise it is a rip-off card.
The other alternative is to just use a debit card. It beats ending up in serious debt, which 2 out of 3 people do with credit cards.
2007-02-01 23:37:38 · answer #2 · answered by scott 5 · 0⤊ 0⤋
It is very tough when you are first starting out. I usually recommend trying to obtain a department store credit card and a gasoline card. The reason -- these cards have very small credit limits so the issuer has little loss exposure. Also, these cards can only be used at the merchant's business, so it will breed loyalty. Buy things that you would normally purchase with cash on these cards and BE SURE to pay the account each month and not carry a high balance. Do this for several months and then try your luck with a Visa or MC or Discover. Other ways would be to have your parents co-sign on a credit card for you.
Make sure to get a copy of your credit report for free each year. Maybe you have some account on there that is dragging down your score that you don't know about. Also, don't have a ton of people pull your report. This can kill your score.
Good Luck!
2007-02-01 23:37:32 · answer #3 · answered by Thoroughbred 2 · 0⤊ 0⤋
1) Get your free credit report at www.annualcreditreport.com , no gimmicks, its a once a year free credit report. Find out what you have on there.
2) Stop applying for credit. Every time you apply, your credit score takes a hit.
3) A secured credit card is always a option, as well as direct deposit into a debit card. www.myevolutioncard.com is a good one.
4) Pay off any outstanding debts, don't let become judgments. Most places will accept a payment plan as long as you are committed to paying off the debt.
5) A small loan through your local bank, get it, pay it on time, and then get another for slightly larger amount. Pay it, on time. Your building credit and a good name at your bank.
2007-02-01 23:46:39 · answer #4 · answered by rob_hallock 4 · 0⤊ 0⤋
You should be able to get a store credit card. Start by charging each month and paying it off completely. You could also apply for a car loan. You may need a co signer but it will get your credit going if you pay on time each month. Credit can be very dangerous, only charge what you can afford.
2007-02-01 23:34:29 · answer #5 · answered by Emily N 2 · 0⤊ 0⤋
Get a checking account at your bank and request to open secured credit card account. It's your money you put in but it can help build your score. Having someone co-sign for you is also a good one. Believe it or not, you're in a good spot. You're young and you're getting the knowledge about how to build a good credit score. Oh how I wish I could go back!
2007-02-01 23:39:02 · answer #6 · answered by JustAsking 2 · 0⤊ 0⤋
Step-by-Step Credit Repair Guide: Bad credit can frustrate your efforts at getting a credit. Hence ensure you keep your credit report clean. If there are any errors in the report, undertake credit repair to clear out any errors. This can be tiring and frustrating, but highly rewarding. Though law recognizes and protects your rights, it is your duty to remove any anomalies in
2007-02-01 23:39:55 · answer #7 · answered by stew w 2 · 0⤊ 0⤋
If U want 2 build a credit file that is presentable...Look here.
2007-02-01 23:41:47 · answer #8 · answered by Anonymous · 0⤊ 0⤋
www.tradelinesrus.com something you might want to check out
2007-02-02 11:41:55 · answer #9 · answered by dlife78 1 · 0⤊ 1⤋