How do I establish credit and become eligible for a credit card?
Shreads asked:
I cant get a credit card due to the fact that I have no credit. They say you cant get credit with no credit, ok? Are there any useful tips or information as to how I can build credit and build it fast. How can I become eligible for a credit card?
Yvonne
I cant get a credit card due to the fact that I have no credit. They say you cant get credit with no credit, ok? Are there any useful tips or information as to how I can build credit and build it fast. How can I become eligible for a credit card?
Yvonne
November 12th, 2010 at 10:02 pm
Go to your local bank/credit union. Talk to one of the people sitting at the desks, ask them. They will give you a few ideas. Usually they have specific credit cards for those with no credit.
November 16th, 2010 at 8:56 am
It is possible. Consider these ideas to get started…
1- if you have a cell phone in your name you pay for, you are establishing credit.
2- if you are a student, there are several student credit cards that will help get you started with a low credit limit
3- you can always have someone co-sign for you to help you get going
4- many retail credit cards, such as Gap, Old Navy, Target, etc. don’t even check your credit. If you can open one of these accounts and make a few purchases, pay the balance off and repeat for a few months, you will have some credit to work with
5- Consider a pre-paid credit card. Those are like a debit card wherein you deposit cash and then spend like a credit card.
6- Even with no credit history, if you have a stable employment history, a checkng account with some cash on hand, you should be able to get approved somewhere.
Good luck
November 18th, 2010 at 11:49 pm
Go to your bank and ask them if they offer a secured credit card
You will be required to deposit $300 or more and this will become your credit limit
After about 18 mos to 2 years of responsible use, you should be able to convert it to an unsecured card
There is NO way to build your credit FAST. It takes years.
November 19th, 2010 at 4:46 pm
get help ; open the second & fourth link on:
November 21st, 2010 at 4:46 pm
Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments – credit-report-free.totalh.com