  DG
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Its a tough market for new credit right now.
Try Walmart, Sears, Target...
When you get a card, use it and pay it off. If you do buy a big ticket item, pay off the balance as soon as you can. Whatever you do, DO NOT pay finance charges on lifestyle (Food, Entertainment...) Making only the minimum payment is the road to ruin. Its ok to use the card to pay for a meal or a show, but you need to pay that balance off when the bill comes.
Many stores offer (x) Months, same as cash for large appliances or big electronics purchase. This is a great way to build credit, but make sure you have the item paid off by (BEFORE) the conversion date, or you will be hit with all of the interest retroactively.
Don't think of the card as a way to pay for things your can't afford and deal with it later. That's how people get into trouble. Think of it as a charge card. A convenient way to pay, with better records and protections in the event of a product problem or vendor dispute.
making the minimum payment will
Good luck. |
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Scruff
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If applying directly for a card doesn't work.... get a small loan from a bank and get yourself something cool....and pay it off in a few months. Presto. You will be swamped with credit card offers. |
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BLUEJAY57
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don't use credit cards, pay cash credit cards will get u in trouble |
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Anjell
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You can start by applying for a simple store card, just becareful the interest rate are astronomical...upwards of 30%.
Other thing you can do is apply for a regular student card at your local bank, they'll start you out with a small limit like $300 but with good use over time, they'll increase it
You can deposit $100 into a chequing account and then apply for a $100 loan at your bank and there you go you have a new line of credit. Just be sure to repay it.
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jcha
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Begin by opening a bank account. |
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Irina K
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It is highly unlikely that any bank will give you unsecured credit card if it is your first credit card. You can try, but most likely banks will not even bother with reply letters, explaining why you’ve been denied. A secured (prepaid) credit card looks like realistic option for you.
And after some months of careful and prudent usage of this card you (theoretically) suppose to start getting offers from banks for regular credit cards.
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Jarrett E
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A lot of these people have it right. Start with a bank account and then get a credit card. The store cards will approve almost anyone and like someone else said the interest rate is off the charts. With you having no credit history it is likely that ANY type of credit you get will have a very, very high rate. The only way to build credit is to use credit so that means that, yes, you have to use it to get higher limits and better rates. Again, as someone else said, you will start small with a $300 or so limit but it is important that you not use all of it during one billing cycle (usually follows the days of the month). 30% is considered the threshold so on a $300 limit $100 should be the max you use. Repayment of the loan (credit cards are considered revolving credit and they are loans) early and in full every month is of utmost importance. Do not wait until 2 days before your bill is due to pay it, have the payment sent the day the bill comes (or do like I do and pay it over the internet using a bank account). As I said earlier, once you have established your credit worthiness to your creditors they will offer better rates and higher limits. Once your revolving credit (credit cards) has been established an installment loan is the way to go. That would be a personal loan or an auto loan, that type of loan. There is no easy or fast way to build credit from scratch. It is, however, very easy to ruin your had work in a very, very short amount of time. I have worked hard on mine and have built a good history. At last check my FICO score was 780 and I am 25 years old. So it is possible to have a good score at a young age. Work hard, spend responsibly, nevery live above your means. Credit, any type of credit, can trap you so use it responsibly and you will be just fine. Good luck! |
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jeebus22
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why wouldn't you use it all the time? If you are trying to build up credit, you need to get yourself a credit card and use it at least once a month. There's no point in not using it. If you use your debit card to buy something for $3, you'll spend $3. If you use your credit card for the same purchase, you'll pay the same $3 at the end of the month, get some benefit like points or something, and build up your credit score.
But anyway, yeah, just get a credit card and use it. Make sure you pay your bills on time though. |
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♥~*Momma Bear*~♥
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Don't get a credit card. That's why america is in so much debt!!!!! Get a checking account and keep a positive balance, pay all of your bills on time, these are things that will start you out on the right track. |
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ccharles2012
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Get all dressed up and go to the bank. Tell them you want a secured credit card for $100. You have to deposit $100. Tell them you want to build your credit. They will help you if they think you are sincere. A little at a time. If the bank refuses go to another one. They want good customers. Convince them you are sincere. |
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TEXAS
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i wouldn't suggest a credit card, it can easily get out of hand. many things people your age already have can be used to establish credit. cell phone, just have it under your name pay it on time or early. an apartment, after a year lease with on time payments you will have established good credit. a car note, or but the light bill under your name where you live and if you want light or other amenities you'll be making those payments on time. |
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V
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No big time for real credit cards. Department store cards, like you said, are a good start. I began building my credit with a Guitar Center credit card, man I was 16 then. It took me almost 6 years to achieve a credit score over 700, and I never owned a "real" credit card. |
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btowntv007
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Get a card, charge something here and there and then pay it off! Or you might try getting a cell phone. Having one of those and paying for it every month is like gold on your credit report. |
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lexchen86
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Ok... I'm 21, with credit 687 ( just down from 725, ****!!!)... Dude, don't apply too many cards!! Go to the Macy's, apply the card and buy lil gifts for friends, they will give u 100 credit limit... |
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Precious
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Go to Sears and get one of their credit cards. It's a Sears card that can be used anywhere as a regular credit card with NO fees what so ever. Use it like, once a week and make sure you buy something you'll DEFINITELY be able to pay off at the end of the month and there ya go. Just go to Sears and ask someone about it, it's easy. |
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haydeemarino
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well if youre single and live alone you gould move in with a friend and pay half of the rent. you could save the other half that you would have paid had you been living alone and soon youll have quite a bit of money saved up. |
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happyfreakz
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Go to your bank and consult with them, They will tell you the best choice in credit card for your life.
Buy small stuff, like food, gas, and stuff like that, that you would buy anyways.
And pay the credit card balance back right away, Not just the minimum payment.
Your credit score will get higher and higher.
And you'll be in a great place financially when you want to buy a new car or a house. |
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Ginny
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a credit card would be the best way in my opinion. even if there is an annual fee, they usually aren't that much.
just start finding ways to make payment (i know, who wants to pay bills right?) but that is the easiest way to build credit. i'm 18 and i'm getting a credit card soon so i can have some credit by the time im 20!
good luck! |
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\m/metal up your @ss\m/
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buy getting a credit card |
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meelio@rocketmail.com
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Apply for a credit card with no annual fee and a small limit, then buy things with the credit card, like your groceries, then pay it off every month and you're credit will increase and increase. |
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the sweetest JAM
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start with a store credit first like Victoria's Secret
then, apply for a major credit card... Chase Visa is good (i have that)
then, apply for a loan and pay regularly |
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princess consuela banana hammock
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go to some place like home depot...open a card..buy something stupid...pay it all off at once...thats what my teacher said to do yesterday |
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Rudi B
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buy small stuff on a credit card and make sure you pay it back. your credit will increase. |
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Prepare the way
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open a target card, thats what my bro did |
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banana milkshake®
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Get a credit card and make sure you make all your payments on time. |
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