 Finding a home loan when my credit is bad, where can I turn??? |
| My credit is bad because last year my husband became ill with liver cancer. We have been trying to get back on our feet. we can afford a mortgage but no one will give us one because of our credit. T... |
|
 Has anyone ever heard of this credit card? |
| I recieved an email credit card offer for an Imagine Gold MasterCard...issued from 1st Bank of Delaware...has anyone ever heard of this card and if so can you please let me know..... |
|
 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 ... |
|
 Whats a good beginner credit card? |
| i dont have any credit history and i want to start building up credit. whats a decent card i shuld apply for that wont change with 200 bucks in activation fee's.... |
|
 What would you do if a family member stole your credit card? |
| I have a credit card that was expired and I was paying it off. I had it almost completely paid off. I realized that I never got a new card in the mail but I didn't worry about it because I just ... |
|
 How do i use a credit card??? |
If i get a credit card do i have to pay for it??? And if i get one and never use it do i have to pay for anything still??? What i gotta do to get one?
Additional Details
Hey yall should ... |
|
 Was there credit use before credit cards??? |
Additional Details
if you can pls explain your answer.... |
|
 How can i get a home equity loan or line of credit to pay off debt,i have delinquent payments on some accounts |
| I was recently divorced, my daughter is in college. I fell behind on some payments on my credit cards in an effort to support my daughters educational needs. I have two homes with approx. $70,000.00 ... |
|
 Should my partner declare himself bankrupt? |
| We aint married and we don't own our own house but we have 2 children together. He owes over £15,000 to one company. By going bankrupt will it affect us buying a house in 5 years time? Will my ... |
|
 How old does a debt have to be, before you are no longer legally bound to pay it? |
I remember hearing once that a debt after a certain amount of years, is moot. Does it depend on the state where the debt occurred or you current state of residence?
I heard that collection ... |
|
 How bad does your credit rating have to be before u are refused credit? |
| havent got any ccj's or anything but have had one or two late payments this year. how much can these effect ur credit score.... |
|
 Why do so many people keep going into credit card debt? |
Question? What makes people keep using them when they see the destruction it is causing?
Many people, mostly younger folks and women, have so many credit cards they end up in severe debt ... |
|
 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!!... |
|
 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 ... |
|
 Paid online surveys? |
| Does anyone know any good sites were I can actually get paid for doing surveys?... |
|
 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 ... |
|
|  |
mommy_to_mason2006 | What is the best way to start building your credit. I'm 18.? |
I just turned 18 in June. I was told the only way to start was by getting a department store card and then moving on to bigger things. Well, I applied for a JC Penny Card and was not approved because I had no credit. So what is the smallest step that helps me get credit. I have utility bills in my name, does that help me get credit? And I have a Mastercard Debit Card, does that help at all either? |
 |
 
hirebookkeeper
 |
Try your bank. Try a gas card. If you dont have money in the bank to pay it off, you may not get a card. |
|
house-hunter
 |
The best way to build credit it to start small. Since you just applied for a JC Penny's card and were declined, I would recommend:
1. Go to your bank - ask about a secured credit card through the bank that you use for your checking or savings account. Get a secured credit card and buy small things every money and make sure you PAY the card off on time EVERY month.
2. With your utilitiy bills- call and ask them for a letter of reference that you have been in good standing with them - Once you get the letter - send it to all the major credit companies like Equifax, Experian and Transunion. Tell them you would like these bills added to your personal credit report.
Be careful, don't call companies you have been late with - because once they start reporting to your credit bureau then they report EVERYTHING.
Don't apply for anymore department cards - their interest rates are usually too HIGH. If you want to buy something - use your secured credit card and then PAY it off at the end of the month. |
|
myfastsubaru
 |
The best way to get started is to start with what you can get. Normally this is a $300 credit card or a small car loan. Typically you will find they don't come with the best of rates, so don't be too proud to accept a rather vanilla offer. It is a means to an end. If you got turned down at a department store, I would look to apply to Household Bank. They tend to favor first time card owners. You might have a 1 time $50 charge to open it (which is applied to your bill, but you can pay it off and just keep the card at a 0 balance). Spending money is NOT nessesary to gain a better credit score. I hear all the time that you should spend and then pay off. While this is good practice, you don;t even need to go that far. You will be better off to just have it handy and keep it at a 0 balance. It is less tempting to use it if you never use it, and it can hurt your score if you have a high balance.
Next you need to work on a car loan. Most often a small credit card will not really do anything but create a "false score" (a score that is big but has no depth). Work on getting a car with a co-signer or save up for some money down. This is ussually the last big step in getting established before a home loan seals the deal.
And to answer the last part - A debit card does not report to the bureau, so it does nothing for you. Utilities can be used as references on credit, but they do not report either. The only rule of thumb for credit is that you have to borrow something to get credit for it.
Hope this helps! |
|
beauty s
|
Try orchard bank, the help people start up credit |
|
Jay B
|
I don't think either item helps but do not hurt either. Take one hundred dollars and open a savings with a bank. Add a little as the few weeks pass. Each time you go to the bank make sure you are noticed by an officer, the same one each time. If need be, ask questions. In about three months, ask this officer if you could borrow a small amount of money--say $75.00, secured by your savings which you do not want to touch. Loan no longer than 90 days, better if they will allow, 30 days. Keep the money safe, return it with interest in about half the time. In about two months do the same thing again. What you are doing is building a credit history with that bank. You pay back and you pay early. Bank's like that, other creditors will also--when they call the bank for reference, what can they say but you are reliable, trustworthy.
Okay, that answers your question--I suggest never to need credit. Stay debt free---then you are truly free. Jay |
|
lovelyday
|
And once you get a card BE RESPONSIBLE, pay your debt ON TIME, dont charge what you cant afford to pay off at the end of the month, that will save you finance charges and a big headache if you stay out of debt. |
|
Michael T
|
I would suggest to try gas cards and other department stores. Don't go overboard or you could hurt your credit in the long run if you are not responsible enough to pay them on time or if you don't have a budget created. You can find many solutions on how to improve your credit at http://www.your-credit-solution.com .
Good Luck! |
|
supermansgirl199
 |
Go to your banking institution and let them know you would like a card to help build your credit. Also, a department card is the easiest way to get started. Kay Jewelers, Gordons, Friedmans (although they are jewerly cards and won't really come in handy) but, Target is a great starter card with easy approvals. Not to mention there are things there you can use and put on your card. Also, Capital One is a great "getting started" card. |
|
ken 2008
|
The best way to get credit is to by small things.This would be furniture.Something you can make repayments on.Be care full though regarding penalties for early repayments.
No those every day bills to my knowledge will not help you get credit.No a Master card debit card will not work.It will show you have money behind you..Good luck.Being a parent of kids who are going through the same thing i understand what its like for you.Once again good luck .Stay safe |
|
Lola
|
I know how you feel. It was sure a catch-22 to figure out how to get credit when you need credit to get credit.
I cosigned with my dad for my car (you can do this with any family member who has decent credit. try cosigning for a credit card). When my credit built up, i was able to apply for a redit card. I used it only for gas and christmas presents. I paid the bill off completely at the end of every month.
I then bought a computer on credit and have been making higher payments then required and almost have that bill paid off. I also applied for high interest, high limit credit cards, activated them, and just haven't used them at all, on the advice of my financial advisor.
I have only had credit for a year and my score is on the upper end good level.
Also, debit cards don't help you towards credit. A cell phone that has you sign a contract does though. |
|
brady ewart
 |
prepaid card scores over credit cards especially if the owner has a not so perfect credit history.
The rejection is non existent in case of prepaid credit cards, there are no credit checks, no employment verification, and approval is guaranteed.
With a bit of dilligent shopping and comparision of various prepaid credit card offers, it is not difficult to find a prepaid card with no annual fees, no late payment fees, no repayments, and no penalties whatsoever. So, the ownership costs of a prepaid card can be negligible.
With prepaid cards it is very easy to promote financial discipline. Since you can only spend what you have, there is no overspending, and hence no debts.
Some prepaid cards do report their use to major credit bureaus and hence are a good instrument to rebuild credit history.
Prepaid cards have wide acceptablility, and in some cases they are even more readily accepted than credit cards. Apply online for a best prepaid credit card at: http://www.credit-card-gallery.com/PrePaid_Card.html |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 9 minutes(s) ago
| | | |
11 | 39 minutes(s) ago
| | | |
11 | 1 hour(s) ago
| | | |
11 | 5 hour(s) ago
| | | |
11 | 8 hour(s) ago
| | | |
11 | 9 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
11 | 1 day(s) ago
| | | |
11 | 4 day(s) ago
| | | |
10 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
