 What is the best way to establish credit when you have none? |
| I have no credit. I am getting ready to graduate and I am getting married in August.... How do I establish credit? Should I get a credit card and use it wisely paying it off every month? Or should I ... |
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 Bed credit rating? |
| i have defaulted on alot of credit in the past and entered a debt management scheme, i have now been paying my creditors for 3 years without any missed payments through the scheme, i will be finished ... |
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 My employer recieved an order to withold on my wages!? |
| I just recieved in the mail today by my employer that they have to garnish my wages. I guess a creditor got a judgement to garnish my wages. I recieved letters and a summons before by these ... |
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 Is my Credit Score good?? |
| I recently checked my credit score on Experian and it said that it is 722 on a scale of 501-990 and then I estimated my credit score on MyFICO and is says that my score ranges from 705-755. Are these ... |
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 What is the best route to take to repair poor credit.? |
| Imake good money but always have had bad cridit I want to buy me a home this year.... |
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 BEST AnSWER GIVING 10 POINTS for the following question? |
| is there any "1500 or less" cash loan offers that will definetly be sent to me with bad credit. any webistes pls not bank loans like the sent to your checking acoount in 24hrs offer. PLEAS... |
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 Is it bad to have too many cards?? I dont even use them!? |
| Im trying to build my credit, so I applied for a bunch of cards and got a few. I never occur interest on them, and hardly even use them. Does this look good or bad??? Should I get more, or just use ... |
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 I was taken to court with out me knowing on a loan. They were given a judgement against me.is that leagal?? |
| it was a personal loan in only my name. I had no idea that it was even going to court. Now i have the judgement against me. I used personal property to secure the loan, but i no longer have any of it.... |
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 I am being sued by a collection agency through their attorney? |
| I was served papers -" to appear by filing a written answer the petition of plaintiff" How do i do this? I cannot afford an attorney (it was a credit card co charge-off and i wrote a ... |
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 What's a good credit card for students? |
| I am is dieard need of a credit card and I need to know what is a good one for a student with no credit and no cosigner? thanks.... |
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 What can we do to protect ourselves if a relative decides to commit identity theft? |
| A relative came and stayed at our home for a few days. They had access to our home when we were at work and so they could have easily gotten all of our information. Now I find that they have stolen ... |
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 Couple of questions....? |
| I don't know anything about loans. All I know is my boyfriend has a ton of debt. All his loans, credit card bills and his truck plus my student loan comes to about 27,000 dollars... i'm ... |
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 Which credit card gives you the best rewards? |
| I tend to use one credit card to charge all my expenses each month and then pay it off at the end of the month. There are sooooo many credit cards out there and I was wondering which one gives the ... |
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Matt C | I applied for a credit card but it says "declined, no credit history." Why? |
I recently applied for an American Express card and it said that I got declined because I don't have sufficient credit history and that the credit cards that I have have not been open long enough... the question is, how long would long enough be? 6 months?
I recently turned 18 and have 2 credit cards. Payments have been made on time... I believe I applied for the cards about 4 months ago. |
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sami_sam
|
I'm 21 and still get declined for that reason, although I did recently get an amex card. You need to have established GOOD credit history for at least 2 years. make sure you are NEVER late, and check your credit report before applying to make sure it shows you have no balances on your card if they are paid off... and make sure you pay them off all the time! they will decline you if your balances are too high as well.
You do need a variety of cards though... right now i have an amex, a mastercard, a visa, and a store card. |
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Hammy
 |
I'm not sure about the time line, but American Express is the last card you'll get due to the way they extend credit lines. It takes years to build a solid credit history.
At your age, you should only use the card if you have the money in your bank. Then you make purchases with the card and then immediately pay the card off with the money in the bank. Don't be foolish and follow the general public.
The general public has an average outstanding debt of $18,000, which takes about 30 years to pay off making minimum payments. On top of this, the savings rate in the US is at - 1.6%. Currently, the general public is more fiscally irresponsible than George Bush. Be smart and budget, don't buy what you can't afford and you'll live a great life! |
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alexa dion
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The American Express Blue Card was the card that got the whole blue movement rolling. Although it isn’t as power packed with the features found in Sky Blue or Blue Cash, the Blue card is still a worthy choice. If you select “Blue” you get 0% APR for up to 15 months, 4.99% APR on balance transfers for the life of the loan, and you will earn points toward the American Express free rewards program. Yes, there is no annual fee with the Blue card either! get more detail about it at: http://www.credit-card-gallery.com/American_Express.html |
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vincent
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i would say pay your debts on time for a year and keep all your credit cards open and try again |
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Ask M
 |
Since you have two credit cards, you don['t need to apply
for anymore, that won't look good. Try getting a Clothes
Store, or Home Depot, something that will broaden and add
to establish history. But don't spend outside your budget.
Do you have cell phone, or car payment. Get something other than another visa or mastercard. |
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pigskinpicks
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Check out http://www.ineedrates.com |
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daeve930
 |
You haven't been eligible for credit long enough to show how you'll handle it. AMEX is a hard card to get.
If you have 2 credit cards, and are making timely payments, you're on the right track. Don't charge more than you can pay for...the long answer had a lot of good advice, so I won't repeat it all. And you probably don't need any more credit cards, except maybe a gas card for security.
Just be patient. Building a good credit history takes time, and you just haven't had the time yet. |
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Steve V
 |
Most credit card companies consider 6 months long enough to have a sufficient credit history.
Personally, an 18 year old doesn't need more than one credit card anyway. You only need a credit history if you plan on getting more credit cards or to take out a loan. But if you can afford to pay off your card every month, then you don't need a credit card! You can just use the cash you use to pay off the card to pay for your purchase. |
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