2007-03-10 02:00:09 · 4 answers · asked by MARIA 2 in Business & Finance ➔ Credit
The best way to establish credit on your own is to apply for a secured credit card. You will put down a deposit, usually as low as $150.00 and your credit limit will probably be close to the same. There is also an annual fee so check around to find the lowest. Use the card and make 6 months of consistent payments and that will establish a credit history for you. Usually they will refund your deposit if you make consistent payments after six months or a year. Read the details. Good luck.
2007-03-10 02:21:17 · answer #1 · answered by JDZA 2 · 0⤊ 0⤋
Unfortunately, these two are the major categories that banks look into other than your job...I think your last option is to fatten up your assets close equivalent if not more than the loan you are borrowing. If you got close friends or families that trust you or believes in you...ask them to provide you a letter and receipts proving that you own this and that. Or if you could borrow from them some money to put into your bank account just for "show money". So when the loan company checks your checking or savings account they'll think your not too desperate. You have to give some time though for that money to sit in your account...maybe a month or two...to make it look more realistic that it is yours. Also it would help if you can come up w/ a good story on how you got that money...Good Luck!!!
2007-03-10 02:29:01 · answer #2 · answered by bot 2 · 0⤊ 0⤋
1. Go to the bank of mom and dad. Ask them to cosign for you and have a schedule of the dates you are going to pay it back in writing. Tell them how you will come up with the money if you are laid off or fired.
These alternative funding sources might be picking up cans, mowing lawns and giving blood....the idea is that you want to show them that you will repay this loan no matter what.
They know you so your best chance might be doing that.
2. Enroll in college and thousands of credit card agencies will beg you to open a credit card account. Open one and buy what you would normally pay cash for and send the money to the CC at the end of the month.
2007-03-10 02:06:27 · answer #3 · answered by lisa s 6 · 0⤊ 0⤋
http://www.wesayes.com
you could give it a try
2007-03-10 02:25:16 · answer #4 · answered by Anonymous · 0⤊ 1⤋