 I have a very bad credit score and I need a loan,Does anyone know of Institutions that lend to people like me? |
| I don't have it because I don't pay creditors back, but because I just got divorce and my husband ruin both our credit. (why I am divorce) Anyhow, I am trying to rebuilt my credit, but I ... |
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 How many credit cards should I have? |
| I am new to the world of credit! I currently have 2 credit cards from Bank of America and Wells Fargo for 2 months. Should I still apply for another one or two or three?? If so, what's d' ... |
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 Closing A Credit Card? |
| If you want to close a credit card will it affect your credit (will your credit score be low) b/c a want to close a Best Buy Credit Card and i dont want anything from them anymore i have other credit ... |
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 There are 3 people in my family with the same name but different SS# having problems with credit HELP US? |
| Me, my sister, and my aunt have the same name but we have different SS#'s my sister middle name is different but the initial on middle name is the same my aunt and my name are exactly the same. O... |
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 Where is a good place to get a car loan or a home equity loan if you have not so perfect credit? |
| where is a good place to get a loan for poor credit. my x husband ruined my credit now i need to get a car or a home equity loan any suggestions?... |
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 I wrote an entire book of bad checks up to $400 each. Where can I go for help financially? |
| I have a job. But it looks like I will need nearly $5000 to pay for my mistakes, and much sooner then I can come up with it. Does anyone know of a service that will help me with this? I have awful ... |
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 My Mom used my name and ss# to open credit cards...ADVICE PLEASE!!!? |
| When I was little my mother had TERRIBLE credit (no fault of her own - she cosigned for my dad and he left and never paid the bills) - so she opened up credit cards in my name with my social security ... |
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 Can i get this loan through my credit union? |
| I've been working at my job for a year and a half but i have no credit. At the same time, i don't have any financial obligations besides gas. I'm going to ask for 10k and the highest ... |
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 I just paid off my car loan and a credit card. But my FICO score dropped 32 points, why? I'm paying my debt! |
| I'm paying off all my credit cards, not closing them. But I want $0 balances on them. I paid off my car 6 months early, I never missed a payment and I was never late. Why would I be punished for ... |
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 Should I close a bad credit card? |
| I cut up two cards months ago, but after being unemployed I haven't been able to make the min. payments. I've been in contact with them, but wonder if closing the accounts will atleast ... |
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 Is this a myth...what happens if you just stop paying for your credit card? |
| I have a friend who just got a notice from a creditor via the Sheriff's office. Is it true that if you just stop paying your credit card bill after 7 years it just falls off? He hasn't ... |
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 Is it Illegal for a bank to do this? |
My discover card payment is almost 300.00 dollars and only ten of it goes to the principal.That seems very extreme to me.Isn't there a law against this?
Additional Details
This is ... |
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 Is there something I can do (legally) about ridiculous credit charges? |
| I've been a customer with this clothing catalogue for a while now and I have a credit limit of £1,000 with them. However, I decided not to use that facility and buy on a pay-as-I-go customer. A... |
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 Does this seem fair for owner financing (on a house)? Or is the guy trying to make a few bucks? |
| My fiance and I have plenty of $ for a down payment on a house, but can not obtain a mortgage. A seller is offering financing @ 8%, and after 1/2 of it is paid (30k) he will give us a deed for trust. ... |
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chellie | How do i establish credit? |
i have no credit and wanted to know how i would qualify for some type of credit card, i tried going to a bank credit union and they were having problems giving me an account since i had no credit, wtf? help... |
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Brutus
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there are two ways you could start credit one or them is taking out a small personal loan which you might need a parent or an adult to co-sign for you meaning if you do not pay the loan they will. Or you could apply for a credit card for bad or no credit which most likely will get you approved no matter what, but if you are a student you could get a student credit card which will offer you lower rates and no annual fees, check out www.fastcreditcardapprovals.com and go under bad or no credit or student cards. good luck |
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Judy
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Two things you must have.
A job for 6 months and a checking account for a few months.
After that time your bank might issue you a visa attached to your checking - just ask after 6 months.
Borrowing against a cd will not show up on your credit report.
/ |
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Private A
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You can get a secured credit card. Capital One and Bank Of America offer them with low security. |
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edward f
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apply for credit cards and pay the on time |
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Bea
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In today's market it's harder than ever to get credit so I think it will be difficult for you especially if you are young and haven't been on a job for any length of time.
When I was in my 20's I applied for a Sears card because I worked there. I was turned down so I tried again and then I got one.
Once I got the card, I bought something with it and then paid it off when I got paid which was before the due date. Then I did it again and again and before I knew it I had good credit.
Maybe if you have a cell phone and you pay you bills on time a credit card company can use that history to give you a small credit to start off with. |
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kaadish
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Credit unions are like that. Usually, the only way to get an account there if you don't have credit is if your parents have an account there.
You'll probably want to start with getting a regular checking account since you'll need it to make payments. Most credit card companies will actually jump at the chance to issue cards to 18-year-olds. If you are at least 18, look online for credit card applications. Look for something that has no fees attached (annual, account maintenance, application, account initiation, that sort of thing). Also, don't agree to more than 18% APR. It may be a good idea to ask your parents for some help with this.
Once you've found one that looks good, go ahead and apply. It's probably better if you do the paper application rather than online. You should get approved for about $300 - 500. Once you have the card, spend a small amount of money and then immediately send a check to the credit card company. The idea here is to NOT pay the interest. To avoid paying interest, assuming you didn't get one of those interest free introductory offers, you need to pay the full balance BEFORE you get the statement.
Keep doing this. You can also do other things like getting a cell phone in your name or getting cable in your name.
Whatever you do, make sure you always pay your bill in full and on time. |
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grumpy
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Credit is calculated in a complex way.
Some of the factors used are:
1. Income to debt ratio
2. Amount of credit available
3. Length of credit history
4. Standing with credit issuers.
There are more but those are the big ones.
IMO, the best thing for a young person starting out to do would be.
Get a savings plan started and make regular contributions to that. Even as little as $10/week will help to develop a pattern of savings.
Then get a credit card from a major issuing bank. Wells Fargo, Capital One etc...Keep the card for emergencies only. Do not use it.
When credit is checked the score will be based on your available assets and credit score. The credit agencies like to see the length that credit has been available to you and if you use it and pay things back.
Just my $.02 |
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dogobsessed27
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-Pay all bills on time.
-Put utilities in your name.
-Apply for a card at a local store that you normally shop at (Sears, WalMart, Best Buy, Macy's, Citgo, Mobil, etc.). These accounts are easier to get approved for than Visa or Mastercard. If you can't get approved, see if a relative or significant other would be willing to co-sign with you. Then buy something that you can afford to pay back right away, and as soon as you get the bill in the mail pay it in full. Keep doing this over and over, little by little. Just charge a bit at a time and pay it back in full when you get the bill. |
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Horn N
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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. - freecreditreport.hotusa.org |
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oldschooldude
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The easiest way is to go to a bank (not a credit union) and Buy a $500.00 certificate of deposit,then borrow $400.00 against the CD as a signature loan,then just pay it off as needed.That will build your credit,its inexpensive,and almost any bank will do it. |
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Venus V
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have collateral, your 1st born perhaps
but seriously
I established it from Credit Card Payments over like 5 years of paying them ontime |
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