how to get to better credit score?

Question

i don't have credit at all, and can't get approved for any credit cards
help!!!

Answer 1

That's just because you have no credit history, so the companies are not sure if they can trust you with their money. Are you over 18? If so, then you should talk to your banker about getting a visa with a low limit ( 500$), and then pay off the bill every month. Bills under your name also count as credit. One word of caution: don't apply to too many cards at once; all those inquiries lower your credit score!

Answer 2

(1) Looking for actual credit card companies? Try bankrate.com. Look at secured credit cards if you have no credit history at all. If you DO have credit history (student loans, car loan, cell phone contract) and you have a good on-time payment history, try for a non-secured card, one that has rewards that fit your needs.

(2) Make sure the card has no annual fee. Call the company toll free and ask for ALL fees that will be charged in the first month. Have them name the fee and tell you the amount. This way, there will be no surprises when your first bill arrives. Compare your results on all the cards you look into. Do NOT apply for a card until you choose the one you really want. Each application causes an inquiry, which temporarily hurts your credit score. You can read about credit scores at myFICO.com

(3) Ask the issuing company which of the 3 Credit Reporting Agencies (CRAs) they report to. If they don't say they report to all 3, find another card company. Why? You want to build your credit score with all 3 CRAs, using one card.

(4) Once you get the card, go to the company's online site and register for online access to your account.

(5) Keep your balance on the card at no more than 30% of the credit limit. Pay in full every month. Learn to schedule automatic payments online.

Please vote: Did this help?

Answer 3

First how old are you?? Would help knowing that information. You need to start out by trying to get credit cards at say shopping places like Kohls, Dillards, etc. If you don't have any credit, they will usually give you credit cards with low amounts. Be sure to pay these on time, and if you can, over the amounts. This will keep your credit score high. If you are old enough to drive, see if your parents will help you get a car. They can put your name on the contract as well as your parents, that way you can build up credit that way as well. Good luck, this is what I did when I first started building up credit. Don't fall behind on your bills...believe me, it hurts big time when you do...i'm 31 and am just now recovering from a really low credit score for several years. Good luck!!