What are ways I can recieve credit and raise it if I don't have any? Thanks for helping me.
2007-08-29 06:41:23 · 8 answers · asked by JG 1 in Business & Finance ➔ Credit
Ask your parents to cosign for a small loan or credit card. Say they help you get credit of $300 on a card you charge a tank of gas each month and pay it off then you will have credit history and start getting offers. Select the best offer and accept the card. Continue charging a tiny amount and paying it off and discontinue using the ones you had a cosigner for.
They will raise your limit over time, once you have a toe hold in the credit world. Don't get into debt, just use the card a tiny bit and nothing you won't pay off each month.
2007-08-29 06:50:53 · answer #1 · answered by shipwreck 7 · 0⤊ 1⤋
If you don't want to use your parents or someone else as a co-signer, another option is to do a secured credit card. This is where you plop down money (usually about $300) and then you receive a credit card with that amount on it to charge. Use it sparingly and always pay it off every month. Over time, you will get a credit history, and usually the issuing company will send you back your original deposit and increase your limit. I got this advice from the book Young, Fabulous & Broke by Suze Orman. She has a lot of good advice for building your credit and managing your money wisely. I would highly recommend reading this book before you go after any credit cards or loans. That way you learn from the beginning how to properly manage your credit and not get yourself into any trouble. Good luck!
2007-08-29 07:01:57 · answer #2 · answered by jml167 4 · 0⤊ 0⤋
make sure u have a job, and u have to have been on your job for at least 6mos. Then u can apply for a small loan from the little loan companies around where u stay. The starter loans should be about 200 dollars then u jes pay it back asap. Then u do the same thing again but with a different company. When u get 3 loans paid off, u are to be good on getting any money from anywhere or any credit card. I'm in the same situation, trust me
2007-08-29 06:53:06 · answer #3 · answered by atlantaboyizzy04 1 · 0⤊ 0⤋
Secured credit cards are a great way to rebuild your credit. Most secured credit card companies require a deposit equal to the credit line your are seeking. Make sure they report your payment monthly to the major credit bureaus. Making your payments on time monthly will increase your credit rating. You will also get you deposit returned to you after one year, turning your secured credit card into a unsecured credit card.
2007-08-29 07:39:01 · answer #4 · answered by twv23512655 2 · 1⤊ 0⤋
first get your report make sure all your information is correct on your report. pay any collection off. (medical bills old cell phones ect..) Then apply for small credit local retail not to many because inquiries will stay on your report for 2 years.
2007-08-29 07:08:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
the company i work with can help people boost up thire credit scores email me at my business account and i will be glad to tell you more iam a mortgage broker asst i work with Mortgage Equity Lenders . My email is aenzenbacher@melenders.com
2007-08-29 06:52:35 · answer #6 · answered by calibear2005 1 · 0⤊ 0⤋
If you would like to learn a proven strategy, that you can use repeatedly, to increase your credit line let me know.
2007-08-29 06:45:28 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you want to learn more about credit go to http://www.your-credit-solution.com for a free credit repair guide.
2007-08-29 09:08:31 · answer #8 · answered by Anonymous · 1⤊ 0⤋