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 How do I refinance my auto loan?
Shouldn't a credit score of 626 and a DTI ratio of .19 recieve a better interest rate for an auto loan of 14,700 for 60 months than 11.9%? I've had my credit pulled so many times trying to ...


 My boyfriend has 8 credit card accounts. I think this is too many. How do we reduce his accounts?
...


 How to get a credit card mail to me asap with no security deposit,no credit check,and no employment?
an quick and easy service to get a good deal with a credit card that will be mail to me ...


 Help! Collections Issue?
A little less than a year ago, i stopped paying my credit card. I know, I'm a bad bad person but I was a stupid college student. The amount I had on the card was only 600 bucks. It eventually ...


 Can I sue a cosigner on an old credit card for screwing up my credit?
My ex and I had a joint credit card in which we were both liable. She racked up a huge bill and then filed for chapter 11 bankruptcy. I understand that I can still be held liable. Now here is the ...


 How much Credit Card Debt do you have?
I have $12,000 credit limit on my cards and owe a total of 47cents.
How much credit card debt do you have and are you able to pay more than just the minimum payment per month?...


 Credit card trouble, HELP!?
I have my VISA card and a taxi company charged me last July about $500 which I did not use. I called VISA last August and they said they will examine it. But I'm in foreign country and couldn...


 Can I demand for an annual fee waiver for my credit card?
I've heard stories about some people calling in to the bank and threatening the line operator that if they are not given a fee waiver for the next year, they will simply cancel their card ...


 I have some credit card debt... HELP!?
I have over $2000 of cc debt and it needs immediate attention and am afraid this is going to affect my credit somehow.

I keep hearing about a credit card with 0 balance transfer for 1 year ...


 What is the best credit card offer for women with ok but not perfect credit after divorce or other life change
If you used to have perfect credit but have made some late payments following a move, job loss, deaths in family or health care crisis, erroneous charges or other fraud on accounts, or other life-...


 Is there a legit company out there than can repair credit?
I have heard about credit repair companies that can get negatives off your credit report but have heard that there are alot of frauds out there too. So has anyone actually tried one that works?...


 I need a list of lenders that will loan a home mortgage to someone with a credit score between 545 and 550?
I make 48k per year. Circumstances that have led to bad credit rating are a 60 day late car payment that occurred two months ago. The car has since been paid off. Credit cards are close to the max ...


 What's the difference of credit and debit? (in accounting)?
...


 is my chances of being approve for a wells fargo credit card better if i apply with my husband?
my mortgage is with wells fargo, my credit score is 730 his is around 720

we both r on the home loan with wells fargo

we both work he makes more money then me....


 how to sue a credit agency?
i want to sue experian for putting a judgement on my report that is not me. this cost me a 1/2 point on my ...


 What are the pros and cons of debt consolidation?
I have 10grand in credit card debt, plus about 25grand in car loan debt. I have heard that debt consolidation is actually worse for your credit than bankruptcy, is this true?...


 I have a Visa Gift Card and...?
I have $100 on it. It is activated but everything I try to buy that's under the amount says its declined except iTunes. So I bought a CD for $30 but it came back saying it was declined what ...


 Need advice regarding wedding budget please?
I am so scared about wedding budget...please help me!?
I have 8 more months until the wedding...Feb 2011. This is the expenses we have left.

Expenses:

DJ 530
Catering 1...


 Is there any online company which provide prepaid credit card?
Is there any online company which provide prepaid credit card?...


 While travel which is better credit card or debit card?
While travel which is better credit card or debit card?...



qwertyuiopasdfghjkl
With a 525 credit rating is it possible to be accepted for non-secured credit cards?
                     
 




ricks
Possible, but unlikely. What will make the difference is WHY its only a 525. To be that low, you probably have collections out there on your credit. Nothing makes a possible creditor run faster than seeing others who have been burned by you.

Try to fix what you have 1st, then think very hard about getting back into trouble again. Why do you want to get more credit now? And why must it be unsecured. Try doing secured to show them that you are serious about paying back & that even you will take a risk on yourself. If you wont, why should they?


bradmoehring
if you have such bad credit you probably should not get a credit card anyway. USE CASH. If you can't pay cash for something you can't afford it.


drgolfmd
Rating
Not under normal circumstance.

I think most credit card companies are looking for mid 600's these days.

My credit rating when from 830 to 485 as a result of a nasty divorce. I was Mr. Cash Only for years. Now most of that old stuff has fallen off my credit report and I'm credit worthy again. That took years.

If you're having trouble paying your bills, I recommend taking action now rather than later.

Contact your credit card companies and negotiate payment plans than you can live with...they will lower (or eliminate) your interest rates to help you.

Consider bankruptcy only if it makes sense to you.

Good luck. Tough times don't last, but tough people do.


sexytrojan
Rating
www.OrchardBank.com


jynxx25
Yes but expect a lousy interest rate. Sometimes you will receive upfront fees (i.e. upfront annual fees and processing fees). If you are trying to build your credit history and raise your score, I recommend the following:

Start with a checking account
Maintain a good standing with the account, i.e. do not bounce checks or anything else negative because the bank will report this information to the credit bureaus. While a checking account does not really help raise a credit score (because good standing is not reported), it does establishes a credit history.

A cell phone builds credit as well as keeping you connected
Cell phone retailers pull your credit when purchasing a cell phone, if you have no credit you will not receive a cell phone. However with a little credit (which you establish with the checking account), you will qualify for a cell phone plan. Just like the checking account, the cell phone account will not dramatically raise your credit score, but it helps establishes credit history. Like wise, maintaining the account in good standing is not reported, but negative information does (i.e. not paying the bill).

Proprietary credit cards have their benefits
Apply for an easy credit card through proprietary credit cards such as gas cards, department store cards, and other cards (Gateway or Dell cards). Some of the easer department cards to get are Target, Mervyn’s, and JC Penny’s. Sometimes those with little to no credit can qualify for a Sears, Best Buy, or Macy’s card. Maintain a good standing by not going over your credit limit and making the payments on time. Carry a balance of no more than 25% of your credit limit. You need to establish that you are making payment and not going over your credit limit. You will need to carry a balance to prove this. Proprietary cards are higher in interest (20-30%), but you need to start somewhere. View these cards as a transitional period. In other words, once your get a better rate or meaningful card (MasterCard, Visa, or AMEX) cancel the proprietary card.

Secure credit cards are useful
Apply for a secure MasterCard or Visa. In reality, secure credit cards are really debt cards. However, secure cards are reported as credit cards to the credit bureaus.

Apply for a meaningful credit card
Apply for a MasterCard or Visa credit card. Some of the easier cards to get are student based, Capital One, credit cards from your bank, Chase, and HSBC. Keep the account in good standing. Carry a balance of no more than 25% of your credit limit, do not go over your credit limit, and do not make late payments. You may only qualify for a higher APR. However, in 4-6 months call the customer service and ask for a lower APR. If you ask, you may receive. Do not get offended if they cannot give you a lower rate. You are a consumer and you can take your business to a better card. Do note that asking for a lower rate requires reviewing your account, meaning they may pull your credit. This will count as an inquiry on your credit report. Not necessarily a bad thing, but you do not want too many (removal takes 2-years).

Final word
It is hard to predict what exactly will establish your credit faster or raise your credit score better. It is best to be patient and persistant. If you find a credit card that will benefit you better, (i.e. lower rate or I an actual MasterCard or Visa) go for it. Keep in mind, you want to keep a credit card for 2-4 years in good standing to establish a good amount of credit history. You do not have to follow all of these steps. However, at the very least you will need a checking account. Every credit application asks if you have a checking and savings account. After establishing a checking account, you may want to apply for an actual credit card (i.e. Capital One) instead of following the cell phone, proprietary credit, and secure credit steps.


jspielfogel
Rating
Try your local credit union. They will often issue you a non-secured credit card even with a low credit rating.

But like the other responder said, if you're rating is that low, enabling yourself to be in more credit card debt is a bad idea. Use cash and work on your credit rating for a year.


AB
The easiest way to find out is apply. However, 525 is very low to be accepted. Go to http://www.bankrate.com/brm/rate/cc_home.asp. If you can't get a non-secured cc, try to apply for a secured cc.


gtofinancial.tomvoli
Rating
No. This is a score that indicates open wounds and lenders will not offer unsecured credit. The scores can be quickly improved if you know what to look for. Here is some info that may help.


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