 First Auto Loan? |
| Im going to my bank to try and get an auto loan. I dont have the best credit in the world, will it even be possible to get a loan from them? What exactly should I take with me (paper wise)? Anyone ... |
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 Does anyone know where i could get a loan without a checking account or credit card or no job or credit check? |
| hi does anyone know where i can get a loan without a checking account or credit card or job or credit check because i need to pay my bills ... |
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 Is there a website where you can view your credit report free, no credit card needed? |
| Every other website that says it can give you your credit report for free asks for credit card numbers( I don't have any cards) does anyone know of any that don't require card numbers? ... |
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 I got served a summons for an old credit card bill, do I have to appear in court for this? |
| I didn't think that credit card companies could do this. It's been like 4-5 years since I've seen or heard anything about this account. I disputed the charges years ago on my credit ... |
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 Great need of money.? |
| I need to find a guarenteed loan as I have no good credit its from years ago and I have learnt how to use money now and Im paying my way as you should do! However I have three loans due to end in 2009... |
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 My husband has excellent credit and i do not? |
| i only have fair credit from my mistakes years ago. we want to buy a house, can we just get a mortgage in HIS name? i don't have to be on it , do I??? my credit would surely screw everything up!<... |
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 Can you remove a collection from your credit report once it has been paid simply by trying to negotiate? |
| I received a letter from a collection agency stating that I had 5 days to pay an account or it would show up on my credit report. I complied and sent off a cheque for the balance immediately and it ... |
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 SO ..i have no credit and i wanna know what credit card and company is best for me? |
| im 18 and i need to build up my credit but i dont know anything about credit cards and all the stuff of apr??....so i wanna know which credit cards is the best one to have?... |
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 Which credit card companies issue co-singing? |
| which credit card companies allows co-signing where the borrower's credit is reported to credit bureaus?... |
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 Balance transfer question? |
| If transfer balances from a credit card to a new credit card, does the new card take all of the debt that is requested or can they choose a portion of the debt and then you are left with two cards ... |
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 Mortgage for Discharged Bankrupt? |
I am a discharged bankrupt (2.5 years clear now) but had the house I was buying at that time included in the bankruptcy, so it was technically re-possed and any shortfall added to the bankruptcy.
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 Court Case is Tommorrow HELP!!!!? |
| tommorrow is my court case, to sum it all up. 3 years ago, I maxed out my $3,000 Credit card. Lost my job, place, and car. Now the credit card is trying to sue me for $6,000. Obviously, the other $3,0... |
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 Is a paralegal just as safe to use as a lawyer for bankruptcy? |
| A co-worker of mine referred me to a paralegal that has helped a few of her friends and cousins get through bankruptcy. He is only going to charge me $600 (as opposed to up to $1700 with a lawer) and ... |
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 My wife secretly opened credit card accounts under my name? |
| I just recently found out my wife opened 2 credit cards under my name without telling me. She's been taken money out of those credit cards for gamble. And she didn't make payment on those ... |
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 What website can I go to to get a copy of my credit report for free with no credit cards or monthy payments du |
| I am trying to look at my credit report ot find out if my house phone provider is reporting my payments and bills to any credit bureau. I dont want to sign up for anything that requires payment. I ... |
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www.jamescandan.com | How do i go from no credit to good credit fast? |
basically, i'm 23 and never got a credit card. i saw too many people go way into debt. but now i feel it's time, but whats the best way. how do i get a card? through who? and how do i use it best? |
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pabstman
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Do you have a checking account? If so, get a gas card, those are pretty easy. Put all your gas on it and - the important part - pay it off at the end of each month. In 6 months or less you can get a Target or other chain store card. Put a few things on it, pay it off every month. After a few months of that, you'll be able to get a regular visa or mastercard. Again, pay that sucker on time. After a year, you'll have great credit. |
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snowpealeaf
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Good credit is a result of many factors. While most credit card and financial institutions do finetune their credit scoring formulas, in general, this is the average importance of each factor:
* 35% punctuality of payment in the past
* 30% capacity used: the ratio of current revolving debt (credit card balances, etc.) to total available revolving credit (credit limits)
* 15% length of credit history
* 10% types of credit used (installment, revolving, consumer finance)
* 10% recent search for credit and/or amount of credit obtained recently
If you have no credit (and this is different than bad credit), you can start with a fee-based credit card like the American Express Personal Card (green) or a non-fee based secure credit card from a financial institution like Providian (it's easier to get a secure card, but you often need to put down a deposit and pay higher interest rates).
Also, it's not necessarily true that paying your balance in full will help you gain good credit standing faster. You'll get there faster actually if you pay on-time, but just make the minimum balance due (or at least carry a portion of your balance to the next month). If you think about it, this is how financial institutions make money (off of your interest payments) so they actually love it when you don't pay in full. If you can show that you can still pay on-time despite carrying a balance, your credit score (or at least your credit standing with that company) will go up faster.
On a personal note, I started out with an American Express Personal Card in college when I had no credit. But, you can also try Citibank; they have a very good starter program for college students. Another option is to go with your school logo'd affinity credit card (if your college has one). |
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princess_rose_marie
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really good source of info on how to learn to use credit wisely |
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bbq
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good job so far. buy one thing on credit and make your payments on time. easiest is prob a car. But you could shoot for a low interest credit card if you think you can get it. if you go with the credit card, charge something and pay for it with your very next check. it's all about a mindset. Don't buy anything you can't afford. Also there are a large number of banks that will provide credit when purchasing from their catalog. like fingerhut only they don't exist any more.but there's lots out there. |
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The Cleric
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As long as you have a secured job and have a settled residence. You shouldn't have any problems acquiring credit.
If you don't, then I guess you need to have a secured job and a settled residence. ** Duh*** |
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SmartyArty
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Apply to Household Bank. They're good, they might start you out with a secured card initially but once you have established a good payment history they will refund your deposit and give you an unsecured account. Pay your balance in full every month, and don't open too many accounts or check your credit too much. Also open a checking and savings account if you don't already have one. |
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thylawyer
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Check out Consumer Reports online or at your library. At least once a year they evaluate the credit card offerors. You want to start with a low or no annual fee, no-charge or setup fee and a company that is reliable. Start with a low card limit ($350-$500 is good), use it regularly, pay off the balance at the end of the month. Some card companies will cancel your card if you do this, but it is actually the best way, and you have to limit your charges to what you can afford to pay off.
If you have had gas, telephone or electricity service in your name, you may already have a credit history.
If you belong to a credit union, or can join one, and you need a car loan or a small personal loan, that can also help establish a credit history.
Remember, the key to good credit is to keep spending within your income and pay your bills on time.
Under federal law, you are entitled to get a free copy of your credit report from the 3 big credit reporting agencies once a year. (Experian, TransUnion, Equifax) Watch out for places that charge a fee for getting you all 3.
You can't do it fast. It's called a credit history because you have to show you can handle credit over time.
It also helps if you have a savings account with enough in it to pay 3 months' worth of living expenses. |
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mkgk18045
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You will have a real hard time getting a cc from the majors. ( American Express/Discover/etc.) Your best bet is to get a store credit card, like Wal-Mart/K-Mart, etc. They are easier. Then do some shopping for a small amount of things at each. Be sure to pay the minimum bill each month in time. Thus, you will be establishing credit. It is also a good idea to have your parents (if this is ok with them) add you to one of their exhisting accounts as an additional cardholder. Tell them they can tear up the card, that you only want to be on the account in name only. Many credit bureau's will count you in with that cards credit rating.
After about 3 to 4 months, you can then apply with a major credit card line. You will be able to list your (walmart/kmart/and your parents credit card) as your credit history.
A word of advice, stay away from any credit cards with an annual fee. Also, try to get in when they are offering 0% interest for 6 months, 12 months, etcetera.
Hope this helps you. |
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Credit Guru
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The previous answers are good but remember when it comes to revolving accounts it is about credit utilization. i.e. how much of your available credit line are you using.
For example, you get yourself a Shell card with a $200.00 limit. Every month you charge $200.00 and when your statement comes you pay it in full. Looks good on your credit file as far as payments go but your score will be lower because shell will be reporting that you owe them $200.00 the amount they have allowed you to charge.
Better strategy. Get the same Shell card for $200.00 but never charge more than $100.00 (50%) per month. Pay it off every month. After 6 months ask for a credit limit increase, which you will probably get. Then apply for a department store card and do the same thing.
If you want to accelerate the building of your credit file and have some extra cash, get a secured Visa/Mastercard. Wells Fargo is a good choice because their fees are very low. Treat your Wells Fargo Visa card the same way and never charge more than 50% of your credit line.
At this point 12-18 mos you should have excellent credit. Go to www.myfico.com/12 and get your real FICO scores, the ones the lenders see. If you have stable employment and good enough income you will be able to buy a new car with no-money down and maybe even a house the same way.
Good Luck |
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