 What is the best way to consolidate debt without using a line of credit? |
| I have only one negitive on my credit report, 90 day late payment on a student loan from 2003. The loan has been payed in full for over a year now. But, I am unable to get a line of credit to ... |
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 My cousin has been trying to get a credit card for the past few months, only to get rejected....? |
| She has no credit history, so its not bad credit nor is it good credit. What is the best way she can obtain a credit card, where can build on her credit? I remember when I was in college, they had ... |
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 I am in debt, should I ignore those creditor and collection calls; file bankruptcy; or try to repay the debt? |
| I am a 24 year old in California that is currently unemployed. I am a full-time student and have less than $1,000 coming in every month. I have around $15-$20k in unsecured credit card debts that I ... |
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 What is the best company/solution to consolidate my credit card debt with? |
| If I do not have a perfect credit score and I am past due in some credit cards what is the best company to consolidate debt with so I can make one payment?... |
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 How good does your credit score have to be...? |
| to get a $30,000 unsecured credit cosolidation loan with a decent interest rate? I dont want to start applying for loans if I dont have a chance.... |
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 What other things might stop me from obtaining a credit card? |
I'm both upset and confused.
My credit score isn't bad.
I've not lost a days work in 8 years.
I'm pensioned from the military.
I own my own home.
I can... |
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 My friend just turned 18 and wants to know how to get her own credit. how can she get her own credit? |
she wants to know how to get her own credit so she can get a new/used car and credit cards and such.
Additional Details
besides just getting a job ... |
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 Can Creditor remove derogatory information from credit report if you make a deal with them to pay the balance? |
| I have an old balance not payed on an acount listed on my credit report. I'm willing to pay it only if the creditor will totally remove the derogatory information from my report. Is this even ... |
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 How can i build up credit? can i get a credit card? |
| i started my credit with my cellphone but i've only had it for 6 months now and me and my husband are looking forward to buy a house but no one won't even rent us an apartment i was ... |
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 I have no credit and want a credit card but don't want to have to prepay for one. Know of one who'll accept me |
| I've tried capital one and they didn't approve me. I tried orchard bank and they wanted me to prepay for one. I don't want to do that. Know of one that will approve me and is actually ... |
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 How do I stop my mom from giving me bad credit? |
| She's been using my ssn to open accounts, and I don't think she's been paying any of the bills! I just got a letter from Sprint(in my name) and I remember we had Sprint a while back, ... |
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 Should i get my daughter a a visa card? |
| my daughter receives an allowance of ten dollars every 15 days and she either cant keep track of it or spends it as soon as she gets it. this happened with my other daughter so i got her a visa card ... |
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 What decision do I do with a money decision? |
| I am getting a good deal of money soon and I want to put it on a credit card bill and get rid of that bill and it would illiminate a 50 charge of interest a month. My fiancee' wants me to pay ... |
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 Is a walmart credit card a good stepping stone to getting a regular credit card? |
Hi, My husband are trying to build our credit score, we've always paid all of our bills on time and he has a good paying job (three years) we have no debts and 4,000 in savings
and we were ... |
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| A friend of mine unfairly denied sale. who is at fault? |
| my friend went to buy something from a shop. He then handed over his credit card for payment. The cashier questioned him that the card isn't signed in the back, so he cannot accept credit card. ... |
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ash | I have no credit!? |
I have no credit at all! I have been applying for credit cards to try and build my credit up but none of them is giving me a chance. I would really like some credit! I couldn't even switch to a new phone service because I woulda had to pay a $500 deposit because I have no credit! How do I build up my credit? |
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$m¤¤v¥ £¤¢¤
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Well, first I'd like to tell you not to panic. There's a lot of people in this world, that are going through the same thing you're going through. I have some tips for you.
The easiest way would be to check where you do your banking to see if your bank offers secured credit cards. The easiest way to describe these is buidling credit with a savings account, because they either use an existing savings account or a deposit is placed in an account that's used as collateral to get you a credit line that's normally the same as either the deposit, or what's in the savings account. The security deposit isn't used to pay the balance on the card while it's open. Only when the card's been closed due to delinquency would it be used to bay the balance. Depending on the credit card company, it can usually take anywhere between 9-18 months of paying on time and keeping the balance small by making small purchases in order for the card to switch to a regular one or a better card's offered altogether. Bank of America and Citi offer 2 of the best secured cards to date.
Another option would be to apply with Orchard Bank. They offer cards to people that are building and rebuilding their credit. You might be able to get a low limit card with them, or they'll offerer you a secured card at least.
You may want to try to do a "secured loan" by using your savings account as collateral to get a loan. This is similar to a credit card, the only thing is that you pay the same certain amount every month for a set period of time. A suggestion would be to take the proceeds of the loan and then place it in a certificate of deposit (CD) and make the term of the CD slightly shorter than the loan so that the CD would mature before the loan's over. This way, you would be able to gain interest in 2 places and build credit at the same time.
Also, another option would be to sign up with PRBC, a new national credit bureau that reports accounts like rent, insurance, cell phone, landline phone, utilities, among the ones that do not report with the regular credit bureaus unless you're past due. There's a lot of information that I can't possibly cover on the website, so my suggestion would be to check out the website thouroughly. I posted the links to the PRBC website, along with Orchard Bank, and the Secured credit cards:
I hope that this helps you out,
Good Luck! |
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Twinkie
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Opening a checking and a savings account with a bank is your best way. Usually over time (could take a year) your bank will offer you a credit card through them. If you have an account go to your bank and speak to someone, even if it is a secured credit card where you are given only a $300 limit. Do not keep applying to credit cards, it'll only waste your time. If you do get a credit card through your bank, constant application for other cards will actually hurt your credit score. You'll have to wait it out. If you are going to college, normally you'll get offers in the mail within 6-12 months. Some times colleges/universities have credit card booths set-up for secured student credit cards. Just know that if you apply and get a card through an offer like this, you will most likely have a high APR.
If it is at all possible, see if a responsible parent (who makes payments on time and who does not have a maxed out credit card-little or no balance) can get you a duplicate card in your name to one of his/her credit cards. This will show on your credit history even without your consent, activation, or use of the card. However, if your parent fails to make payments or screws up that will hurt your score. You will not be taken off of the credit card until the account is closed. See if a parent can get a secured card with a small limit for your benefit and add your name to it. Make sure to use it sparingly (if at all) and give your parent(s) the payment each month or pay it yourself. |
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Mountain Top
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Get a secured credit card with a reputable bank by placing some money in a savings account which will be restricted to guarantee the credit card.
After a year or so, with you paying as agreed, they will switch you to an unsecured card.
This may be the only way in which you can get started without guarantors (like parents). |
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Barbara S
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Maybe you can try below website to get the information you need. It's about secured credit card to establish your credit articles for your second opinion. |
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Mrs. Kennedy
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Department stores and major credit companies usually have minimal screening for beginners (they won't turn you down simply because you don't have a big credit history). Try getting a Visa or Mastercard through Target or Kohl's. This will get you started. If you r are unsuccessful you may want to consider getting a copy of your credit report to make sure it is accurate. It may contain errors, or perhaps you are unaware of something negative in your financial history that is affecting your credit (defaulted loan, late paying bills...) Good luck!! |
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brokerstorage
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Get a dept. store card. Also go to your bank and get a secured credit card. |
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Michael F
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creditcard.com
They list all sorts of credit cards for people in your situation. Student cards that do not require a co signer.....cards for people with bad credit. Worst case you can get a prepaid card that will at least establish some credit history. If you can not get approved for one of these cards have your parents co sign for one. Make a few small purchases and pay it off in FULL every month. look through the site and read each card to determine which would work best for you. Good luck |
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twv2351265
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If you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card. |
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brk
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have your parents assign you one from their credit account. then maybe once you have that, you can apply for anew one and show that you have a card and than possibly they'll give you your own. but be very sensitive to your parents if you do this. if you make a bad move on their account, it messes up their credit. |
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