 Buying a home? |
| I was wondering if there is anyway to get a mortgage based solely on cedit score and not have to provide employment info?? (Wouldn't mind if rate might be higher) THANKS!!... |
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 How do I get my credit cards to lower their interest rates? |
| my APR is anywhere between 23 & 28%. Very high!! But, I pay all my bills on time and always pay more than the minimum... is it because I have more debt than capital? Is there a plan where I ... |
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 Paid online surveys? |
| Does anyone know any good sites were I can actually get paid for doing surveys?... |
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 Is it possible to use a Debit card in place of a Credit Card? |
I want sign up for officelive.com but don't have a credit card. Can I use a Debit Card... would it work?
What about other transactions on websites?? I wish we could use debit cards ... |
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 Bad credit score! how do i get it back up? |
| My credit score is very very very low. How do i get it back up? Should i file for bankruptcy? I have alot of credit card bills, hospital bills, child support, repo and a few other things. If you ... |
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 How Do I Repair Credit After 7 Years of Delinquency? How Long Does It Take? |
| I asked the question as part of my previous one, but I'm hoping ot get more responses please.... |
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 Can provident loans take me to court? |
| I had a provident loan of £400 (with interest it was around £600) I paid it for a bit now stopped it as I cant afford it. Its been over 2 years now and they are demanding the £450.00 left or take ... |
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 My sister used my credit card? What can I do? |
She owes about $15,000 and doesn't want to pay it. Is there anything I can do for her to pay it? Can I get the debt on her name?
I don't want to press charges because she is my sister ... |
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 Prepaid credit cards? |
| I am 17 years old. I want to buy things online but my parents would allow me to get a credit card. Is there such a thing as a prepaid card? Where I pay money and that money goes into the card. Is ... |
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 Help me understand mortgage refinancing? |
| We have about $30k in equity on our home, and currently have a 30 yr fixed at 6.9%. I'm not sure if refinancing will help or hurt us. My student loans are at 7.22, but I only owe another $3500,... |
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 How do I get out of a 3 yr contract with Ballys after 5 months without moving or medical reasons? |
| I only wanted to use their trainer but i was told to sign a 3 yr contract to do so. I was told I can cancel within 30 days but then I was told it was too late. When I called, they said then told me ... |
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 How do i rebuild my credit? |
| I am trying to rebuild my credit and i cant even get a loan.. i posted on here but something happend.. somone told me to email this guy that gives out loeans but i dont know if i should do it.. i ... |
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 How can I rebuild my credit? |
| I have a couple of credit card charge offs. How can I start to rebuild my credit? should I make a settlement on those credit cards, or should I pay off the entire balance? How will each affect my ... |
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 Is a pre paid credit card a real credit card? |
i keep seeing offers for them and i wanted to know if its like a regular credit card except u can add $
i am planning a trip and need to rent a car and i know most rental places only takes ... |
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missmarie22 | If I have no credit, will I be approved for a credit card? Also, if I am approved, when will I find out? |
Will I just get the card in the mail? How long does that usually take?? Also, will I be able to use it as soon as I get it?
Sorry for all the questions, Im just really curious!!! I would really apppreciate it if someone could please help me! |
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Emocide Organ
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If you have never acquired a credit card or obtained credit in your name, getting a loan for a new or used car can be tricky. When applying for credit, lenders assess your ability to repay the loan. To do this, they will review your consumer credit report. If you have no credit history, lenders may request that you obtain a co-signer, or deny your application. Here are a few tips to help you secure auto loan financing with no credit.
Apply for a Secured or Unsecured Credit Card
Before applying for a new or used auto loan, attempt to obtain a credit card, department store card, etc. Credit is important; however, getting your first credit card is not always easy. Similar to auto loan lenders, most credit card companies prefer applicants to have previous credit accounts.
To solve this problem, consider applying for a secured credit card. Before applying for the card, contact the company and inquire if the account will appear on your credit report as secured. Choose credit card companies that do not reveal that the account is secured. To creditors reviewing your report, it will appear as if you have opened and maintained an unsecured account. This will boost their confidence in your ability to handle credit responsibly.
Once you have obtained a secured or unsecured credit card, carefully monitor your spending. Having too much debt also has a negative effect on your credit. If you keep account balances at the maximum limit, instead of increasing credit score, you will be damaging your score.
Open a Checking or Savings Account
Even without a credit card or credit history, some lenders consider having a verifiable checking or savings account as a plus. Because having a bank account will boost your credibility, you may be able to obtain an auto loan if you have an account in good standing. Good standing means no bounced checks, overdraft fees, etc.
Apply for Auto Loan with a Co-debtor
If you are under 18-years-old, you will need a co-signer to obtain an auto loan. However, if you have zero credit history, having a co-signer is an effective method for acquiring credit in your name. Co-debtors may include any person with a good credit rating such as parents, spouse, siblings, etc. Individuals who agree to serve as a co-debtor should do so with care. If the primary debtor fails to repay the loan, you become accountable for the debt. |
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mblastguy
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Usually unless you go through your bank most credit card companies won't issue you a credit card if you have no credit history. What you should do first is get a debit card from your bank where you have a checking account. Then you can start building up credit.
Number one rule with credit cards to avoid paying more:
Don't spend more than you have in your bank and can pay and pay the card off in full each month and do not carry a balance.
As long as you do that your credit score will jump. I'm 22 and have had a credit card since I was 19 and my credit score is already 748 which is considered great credit. Don't be eaten up by interest be smart and don't go into debt. with the looming recession coming, it is VERY important that you are in the black and not in debt. |
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wcinct
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Probably. CC companies "prey" on college students all the time. Most people don't have credit history when they go to college, but they graduate with credit card debt.
It may take a couple of weeks to actually get your card. If you're approved, be careful. Careless spending can give you a low credit rating, which will follow you for years to come. Always pay more than the minimum required payment. It is best to pay off your credit card balance in full every month, so you avoid paying interest. |
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AnoNYmous
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You might get approve for a low amount. You should get the card within 10 business days. You will be able to use it as soon as you get it. |
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chatsplas
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You'll find out quickly if denied. AND you'll have the right to get a free credit report to find out why you were denied. Once you receive the card in the mail, you activate it and can use it. Yes it generally is mailed.
Do you pay rent, utilities in your name? That helps establish your credit rating. Your limit may be low to begin with, then as you use your card, and pay off the full amount every month, you are establishing credit. The interest rate is high, so don't carry a balance for more than a month or two. Always pay more than th minimum payment requested. |
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coolperson9450
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I got my first credit card this summer and I had no credit (I was fresh out of high school). It usually takes about 2 weeks in the mail and you have to activate it when you get it and then you will be able to use it.
I would recommend not using it a whole lot on things you could just as easily pay cash or write a check for. It ruins your credit and then you get to have the fun of trying to buy a house later on in life. |
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Abcd
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there are a handfull of credit cards that will take the risk in approving you, it will take about a couple of weeks to get your credit card, check out www.fastcreditcardapprovals.com and go under poor or no credit section and you will see a few choices. |
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S M F
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You'll end up paying, so make sure to pay MORE THAN the minimum amounts each month. The interest rate will be through the roof, until your score is better, with a good payment history. You can apply online, it is that easy. Pick a card / company that will be useful to your needs. IE: GMC, Disneyland, AAA, Delta-United, and so on. |
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John N
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You probably will get one, it will just come in the mail any time after you have been accepted then it will be activated and then you can go use it, but if you ask me i would get a debit card instead. Credit cards just pile up and you need to pay the bill at the end of the month, but with a debit it will immediatly take the money out of the bank. |
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~leaving traces~
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Yes, you'd be able to use it right away, after you activate it by phone or online.
Usually, if you're approved, they get it out to you RIGHT AWAY, because they WANT you to use it.
If you don't see it within three to four days, you probably got denied and will get a letter in the mail saying so within like 10 days. |
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sp.wonders
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you can appy for credit and could be approved depending on the company your going with. you will find out when the company does credit checks. you will get the card in the mail in 2 3 weeks and you must activate the card before you can use it. |
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