 If an adult has no credit history, what's the best way to establish one? |
| My neighbor is 47 and has only paid cash for everything. She would like to have some kind of credit history.... |
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 Hey, I got an email that told me I won a lot of money, but now no one has responded? |
This is what the email said:
WE ARE PLEASED TO INFORM YOU TODAY 17th OF July 2008 THAT YOU HAVE JUST WON YOURSELF THE SUM OF 0ne million euro file number 623-880-1121.serial number 553442:Q... |
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 If I make one late rent payment to my apartment, will it hurt my credit? |
| My roommate's bank account got messed up with pending deposits and so our rent payment check bounced... we have the money to pay it (and the late fees) a week late, but the leasers have already ... |
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 I have one credit card and excellent credit. Will getting a new credit card affect my credit score? |
Additional Details
I have a balance of $1600. I have never been late with a payment and I have had it about 5 years and it is the only one I have. I want to transfer that balance to a 0... |
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 Can I make a payment to a credit card that currently has a 0 balance? |
| I'm making a purchase on my credit card, but the purchase will be about $100 over my limit. If I make a $100 payment to my credit card that currently has a 0 balance (so my balance will be -$100... |
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 What is a quick way to pay off credit cards? |
| when you don't have a job, no money in the account and don't want to mow lawns or do manual labour or borrow from family or friends.... |
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 Is there a credit card a 18yr old can get without getting denied and no credit history? |
| I've tryed to apply for a few credit cards to build up my credit like letting my parents use it and them pay the bills but i always get dennied and I dont wanna have a co signer can anyone link ... |
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 If I make late payments does this affect my credit? |
Sometimes I pay my phone bill or car insurance bill late but I do always pay them every month. Does this affect my credit negatively?
Additional Details
I do pay the full balance owed ... |
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 Debt question.....? |
| I was a stupid teenager who used a credit card to buy tons of expensive things. Now I'm 25 and I'm still trying to get out of the $10,000 hole I dug myself. What's the best way to do ... |
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 How am i supposed to pay for something i want online? |
when i haven`t got a credit card..all i have is a debit card.
Additional Details
Thanks everyone..its the first time i`ve ordered anything online or wanted to should i say.... |
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 How do I go about fixing my credit report? |
| Besides paying current bills on time, do you have any suggestions that will help me get my score up?... |
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 What is the Best, Fastest, Cheapest way to Fix my credit? |
There is a credit repair service upstairs and they write letters to the bureau but its like 1500 bucks for me and my husband?!! I need something cheaper!!
Additional Details
I pay my ... |
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| Collections? |
| i try to work out a deal with my credit card company they did not want to hear it they turn me in to collections and they call me up day and night and at work harrassing me, what can i do , they want ... |
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 Is here any credit card user here.I need Help? |
| My elder bro is a credit card user.He started his first credit card as seplimentry credit card.He uses all his money.to making bank statement,so he collected many credit cards,but all their amout ... |
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Don C | How can someone build credit, that has no credit, not bad, not good.? |
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Neo-Hippie
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Get a Capital One Premium Standard credit card.
(www.capitalone.com >>>> then click credit cards up top>>> see if youre pre-qualified on the bottom right).
You can have what they best call people with no credit ("limited history") and still get one. As long as you qualify, you can sign up and have that puppy in your hands in 5 days.Plus, it has 0% APR until June 2009...which means 0% interest on your balance from any purchases you make. But before you do make sure that you have means to pay for anything you may charge. If you do, go for it. Then when you get the card, activate it, and go buy something small with it. When the statement comes in the mail at the end of the billing period, be sure to pay it off. Then, after youve paid off the small amount, charge something a little bit bigger, and when that statement comes, pay that off. Do that once more, and by that time (after 3 months of paying off your total credit line), you will have established good credit. If you don't want it anymore, just call up the 1-800 number to the credit card company and tell them that you want to cancel your account...after everythings been paid for...and then they will cancel your account, and that makes it time for you to cut up your card and throw it away. Just make sure you don't make yourself in debt by doing this. A lot of people misuse credit cards. Also, you can only be eighteen or older to get a credit card, so if you aren't at least eighteen, don't even try it. One more thing - be sure that whatever card you choose has a very low APR. If it has a high one, your purchases will be much more expensive when you get the statement in the mail than you expected, and what you thought you mightve been able to pay, may become a whole hell of a lot more than you actually can pay. Good Luck. Hope this helps. |
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youneverdidthat
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Open a credit card. Buy things with the credit card and pay the amount in FULL and ON TIME! |
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MiMi
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Easiest way is to buy a piece of jewelry. Jewelers are eager to give you credit on your first small piece and you can build from there. |
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SHAZ
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take an advice from the banker |
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Craig T
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Usually a good starting place is a secured card.
Bank of America has a good program that allows you to graduate to an unsecured card in a year or less if you establish a good history and you can add to your credit line by adding money to your secured account
Citibank has a program specifically for people with no credit, you deposit money in an 18 mo CD, that is equal to your credit line and secures your card. The downside in my opinion is that you can't add additional money to increase your line during that 18 months. (btw the money is FDIC insured)
Other banks woth good secured card programs are
Orchard Bank (you might be able get an unsecured card with them)
National City
US Bank
Wells Fargo |
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Jarrett E
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Some good advice from other with the exception of the cell phone. They will only report to the bureaus if your account goes to collections.
Credit card is the best and easiest way to start. If you do this you need to pay in full every month. Never carry a balance over to the next month. It might be hard to get one with bad credit, no credit is nearly the same as bad credit. Try a store card like JcPenny or Sears or any of them will do. Another thing to try is a secured credit card from your bank. That also works well and since it is not tied directly to a store you can use it anywhere. After about a year of on time payments and generally keeping your account in good standing, try for a small personal loan from your bank. Nothing big, $1000 would be more than enough. You just want to show that you are able to make regular payments on a schedule and are able to handle different types of credit (credit cards are revolving credit and personal, auto, and home loans are installment loans). Again, make the regular payment EARLY and then pay it off a few months early. It would be a good idea to have the money saved up to pay off the loan in the case you get into some trouble financially. You do not want to lose all of your hard work because of a rough spell. Just remember that you not only want a good score, but a healthy report. Creditors look at your report as much as or more than your score. It will take time to build but can be torn down very quickly. Late payments (by 30 days or more), going over you credit limits, applying for unecessary credit, and other actions can and will harm you. Just use it judiciously and pay on time and you should be fine.
Live within your means. Never carry a balance. Do not make money the center of your life. |
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Misak
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get a car in your name or you can start with a credit card that has no interest and that the maximum amount you can take is about 150.00 |
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William K
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Get a credit card and pay the balance EVERY MONTH.
Buy something on payments and pay the payments on time EVERY MONTH. Maybe a piece of furniture or a TV. Maybe a car.
It will take a few years to have all this translate into a really good credit score. |
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Amanda W
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It bothers me a bit that all these ppl are suggesting you get a credit card or a cell phone. Credit cards are NEVER a good idea. You think you'll pay the balance in full, but unless you have a plan in place(i.e., savings, emergency fund, etc.) when emergency does strike you'll be whipping out the plastic. And a cell phone is a good way if you can afford it. But start out with a smaller, inexpensive plan. Pay all your doctor bills on time, car insurance, rent, etc. This ALL contributes. Good luck. |
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Amber S
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try gettin ahh cell phone or ahh credit card that youu have just encase of emergencys.
or have sum1 co-sigh sumthing like a car or sumthing |
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Chris R.
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dont ask on Yahoo answeloroollll |
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