I have been working since 18 yrs old and I recently checked for my Credit Report, it kept saying that my SSN donot exist. Why would that be? Do I have to apply for a Credit Card in order for me to have Credits?
2007-04-04 16:25:00 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
This indicates that you don't have any credit. If you don't, then you should establish credit but manage it well. Good luck.
2007-04-04 16:53:29 · answer #1 · answered by Jan C 7 · 0⤊ 0⤋
It sound like you have no credit score at all. In order to obtain a credit score a start building a credit history, you will need to apply for a secured or unsecured credit card.
I have listed a helpful source below that contains a free consumer list of credit card companies that issue credit cards to people with no to bad credit. This should help you find the right credit card for your situation.
2007-04-04 16:51:37 · answer #2 · answered by Anonymous · 1⤊ 0⤋
The fastest way to establish a credit history can be to "borrow" another's record, either by being added to a credit card as an "authorized" or joint user or by getting someone to co-sign a loan for you.
Having a co-signer can allow you to qualify for loans you might not otherwise get. The loan will show up on your credit report and, if you pay it off responsibly, will help boost your credit score.
If you default, however, you won't be the only one who suffers. The co-signer has basically promised to make good on this account, so any delinquencies will show up on her credit report as well.
Being added as an "authorized user" has its risks, for you as well as the person giving you access to the card.
If your father makes you an authorized user of his credit card, for example, his history with that account can be imported to your credit bureau file, giving you an instant credit record. If he has handled the account well, that reflects well on you. But if he hasn't, his mistakes would also become yours. Any late payments or other problems could make it harder for you to get future credit than if you'd established your history without help.
Even if you trust the person adding you to the card, you may not be able to piggyback on his or her credit. Some credit issuers won't report authorized users to the credit bureaus, particularly if the user is not married to the original card holder. If the point is to give you a credit history, the person who's adding you as an authorized user should call the issuer and ask how (or if) your status as a user will be reported
2007-04-05 01:55:49 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Contact the credit bureaus to dispute your credit score. If your credit card company removed the late payment information, that should be taken into account and your credit score should be corrected.
2016-05-17 08:39:55 · answer #4 · answered by ? 3 · 0⤊ 0⤋
in order to have credit you have to apply for things that will earn you credit such as credit cards (visa-mastercard-american express) or deparment cards(macys-lowes-sears-walmart) or take out loans(car loan-student loan-home loan- computer loan). these are not the only ways either. having your name on bills such as pg&e-home phone-cell phone-utility bill(water-garbage) will aslo earn you credit. not necessarily good credit though. to earn good credit you have to pay your bills on time and at least minimun payments(prefer you pay more than that). a gas card is a good way to earn credit too because you will have to use it to fill your car and you probably wont charge it too high to pay in full each month.
2007-04-04 16:59:15 · answer #5 · answered by esmth517 2 · 1⤊ 0⤋
Yes, you have to have some sort of credit be it card, loan, mortgage for you to have a credit record.
2007-04-04 16:28:29 · answer #6 · answered by Anonymous · 1⤊ 0⤋
If you have never bought anything on credit, you have know credit score.
2007-04-04 16:28:58 · answer #7 · answered by Shakesfear 2 · 1⤊ 0⤋
credit card info here many bank's credit card details chechout this
2007-04-05 02:57:19 · answer #8 · answered by arnold a 1 · 1⤊ 0⤋
Not neccessarily. You could apply for a car loan, school loan, or personal loan.
2007-04-04 16:29:14 · answer #9 · answered by Mariposa 7 · 1⤊ 0⤋