What credit card to get at 18 and not a college student?
Q. I always thought at 18 they love to give you credit cards, I've tried Capitol One, Chase, a QT credit card, and a Best Buy one. All deny due to no credit history. I obviously can't get Credit history if they won't let me have credit. I Work 2 jobs and just want to have one just in case and to actually build my credit. What's going on and why do i keep getting denied?
Asked by Bryce - Sat Aug 8 15:42:16 2009 - - 4 Answers - 1 Comments
A. Stop applying for the cards, you will only be denied. You will have to start building your credit rating with secured credit. Make sure the banks report to the credit bureaus, otherwise it does no good. Go to the bank you do business with, ask them if they have a secured credit card, if they do open a new account with $300 - $500 tell them you want a secured credit card against that account. Use the card for small purchases like gas or food and pay the card off entirely each month on time. Also you can take your savings account and save until you have $1,000. Tell your banker you want to take a installment loan out against the savings account. Take the money you receive and put it in your checking account to repay the loan. Pay it off in… [cont.]
Answered by Dixie Darlin' - Sat Aug 8 16:34:41 2009
Q. I always thought at 18 they love to give you credit cards, I've tried Capitol One, Chase, a QT credit card, and a Best Buy one. All deny due to no credit history. I obviously can't get Credit history if they won't let me have credit. I Work 2 jobs and just want to have one just in case and to actually build my credit. What's going on and why do i keep getting denied?
Asked by Bryce - Sat Aug 8 15:42:16 2009 - - 4 Answers - 1 Comments
A. Stop applying for the cards, you will only be denied. You will have to start building your credit rating with secured credit. Make sure the banks report to the credit bureaus, otherwise it does no good. Go to the bank you do business with, ask them if they have a secured credit card, if they do open a new account with $300 - $500 tell them you want a secured credit card against that account. Use the card for small purchases like gas or food and pay the card off entirely each month on time. Also you can take your savings account and save until you have $1,000. Tell your banker you want to take a installment loan out against the savings account. Take the money you receive and put it in your checking account to repay the loan. Pay it off in… [cont.]
Answered by Dixie Darlin' - Sat Aug 8 16:34:41 2009
How many credit cards should you have to rebuild credit?
Q. I am trying to rebuild my credit after ID theft, a couple of problems that were mine and years of basically not having any credit reported. (I primarily use my debit card and pay cash for everything). I make good money now and am trying to rebuild in order to purchase a condo in the next couple of years. My good accounts (rental, club, cable, cell, etc.) have not reported my good credit. So how many cards should I take out that will help boost my credit score but not hinder my credit. Thank you!
Asked by Nikita - Mon Mar 12 19:05:56 2007 - - 8 Answers - 1 Comments
A. I would take out no more than 2. I would start out with a secured card. Granted you would have to put a deposit upfront to secure a line of credit, but the deposit would also garner interest while you're proving your creditworthiness. You could start out small, like $200-300 or larger like $1000-2000. Either way, I strongly suggest you to continue to use your debit card and pay cash like you've been doing, and make small purchases that you can pay off in full every month (around $20-50). I would only use the credit card in dire emergencies. After the secured card becomes unsecured, then you could receive offers for other cards, but chances are just the one card could work just as well. Be sure to dispute anything that was involved in the… [cont.]
Answered by $m v - Tue Mar 13 09:06:57 2007
Q. I am trying to rebuild my credit after ID theft, a couple of problems that were mine and years of basically not having any credit reported. (I primarily use my debit card and pay cash for everything). I make good money now and am trying to rebuild in order to purchase a condo in the next couple of years. My good accounts (rental, club, cable, cell, etc.) have not reported my good credit. So how many cards should I take out that will help boost my credit score but not hinder my credit. Thank you!
Asked by Nikita - Mon Mar 12 19:05:56 2007 - - 8 Answers - 1 Comments
A. I would take out no more than 2. I would start out with a secured card. Granted you would have to put a deposit upfront to secure a line of credit, but the deposit would also garner interest while you're proving your creditworthiness. You could start out small, like $200-300 or larger like $1000-2000. Either way, I strongly suggest you to continue to use your debit card and pay cash like you've been doing, and make small purchases that you can pay off in full every month (around $20-50). I would only use the credit card in dire emergencies. After the secured card becomes unsecured, then you could receive offers for other cards, but chances are just the one card could work just as well. Be sure to dispute anything that was involved in the… [cont.]
Answered by $m v - Tue Mar 13 09:06:57 2007
What credit card should I go for citi bank or bank of america?
Q. I have a credit score of 700 and wanting another credit card. I was thinking about citi bank or bank of america. What one should I get? I only have one other credit card from Wumu. I want a credit card that report to the 3 credit bureaus every month. Anyone has either one of these cards, if so, what one did you like and why?
Asked by azkoolchik - Mon Jun 30 18:39:55 2008 - - 8 Answers - 1 Comments
A. Definitely NOT Bank of America. They recently upped peoples APR without any explanation or reason; it was all over the news. Try a company that's a little less shady. There are plenty of horror stories of what this company has done to their consumers.
Answered by Zerrah - Wed Jul 2 14:03:57 2008
Q. I have a credit score of 700 and wanting another credit card. I was thinking about citi bank or bank of america. What one should I get? I only have one other credit card from Wumu. I want a credit card that report to the 3 credit bureaus every month. Anyone has either one of these cards, if so, what one did you like and why?
Asked by azkoolchik - Mon Jun 30 18:39:55 2008 - - 8 Answers - 1 Comments
A. Definitely NOT Bank of America. They recently upped peoples APR without any explanation or reason; it was all over the news. Try a company that's a little less shady. There are plenty of horror stories of what this company has done to their consumers.
Answered by Zerrah - Wed Jul 2 14:03:57 2008
My credit card balance is over 50%. How long will it take my credit score to go back up?
Q. Hi. I recently just got my first credit card ever and used it to make a $1600 purchase. The credit limit is $3000, so obviously I'm over 50% of the balance, and I just learned that's bad for credit scores. I expect to be able to pay off the purchase in the next two or three months. Will my credit score go back up immediately after I get the balance on my card down, or will it take a while? Thanks.
Asked by Casey - Mon Feb 26 19:25:03 2007 - - 3 Answers - 2 Comments
A. Once your percent gets to below 30% of your available credit, you will see improvements. They lower the percentage, the higher your potential score is.
Answered by Mariposa - Mon Feb 26 22:37:18 2007
Q. Hi. I recently just got my first credit card ever and used it to make a $1600 purchase. The credit limit is $3000, so obviously I'm over 50% of the balance, and I just learned that's bad for credit scores. I expect to be able to pay off the purchase in the next two or three months. Will my credit score go back up immediately after I get the balance on my card down, or will it take a while? Thanks.
Asked by Casey - Mon Feb 26 19:25:03 2007 - - 3 Answers - 2 Comments
A. Once your percent gets to below 30% of your available credit, you will see improvements. They lower the percentage, the higher your potential score is.
Answered by Mariposa - Mon Feb 26 22:37:18 2007
What credit card is best for a first credit card, and you have limited history?
Q. I just turned eighteen at the end of February, so I have limited credit history. I was wondering what credit card is used for building credit, and would be the best choice for a person getting they're first credit card.
Asked by Tay - Tue May 12 16:44:41 2009 - - 1 Answers - 2 Comments
A. there are a couple of ways you could start building credit, you could get a small personal loan which you might need a cosigner or the best way will be getting a credit cards, you could get a credit card and use it for your every day expenses but make sure you pay in full at the end of the month that way it will show pay in full everytime the credit card company reports to the credit beuros. At the begining you will only be approved for the lower end credit cards but once you build credit in about 6-9 months you should be able to apply for a better card with better benefits such as free miles or cash back. Check out www.fastcreditcardapprova ls.com and go under bad or no credit section and you will find a few choices. But if you are a… [cont.]
Answered by Lakers - Tue May 12 22:00:57 2009
Q. I just turned eighteen at the end of February, so I have limited credit history. I was wondering what credit card is used for building credit, and would be the best choice for a person getting they're first credit card.
Asked by Tay - Tue May 12 16:44:41 2009 - - 1 Answers - 2 Comments
A. there are a couple of ways you could start building credit, you could get a small personal loan which you might need a cosigner or the best way will be getting a credit cards, you could get a credit card and use it for your every day expenses but make sure you pay in full at the end of the month that way it will show pay in full everytime the credit card company reports to the credit beuros. At the begining you will only be approved for the lower end credit cards but once you build credit in about 6-9 months you should be able to apply for a better card with better benefits such as free miles or cash back. Check out www.fastcreditcardapprova ls.com and go under bad or no credit section and you will find a few choices. But if you are a… [cont.]
Answered by Lakers - Tue May 12 22:00:57 2009
No credit, How do I start and what is a good credit card for a beginner\r?
Q. I am 20 years old and after trying to get a card for a store I find I have 0 credit history. I have never owned a credit card and want to pick a good one to start bulding credit. Does anyone know a good card to go with that has low interest? Heck if you have any credit tips it would be helpful too...Thanks!
Asked by Michael - Wed Feb 21 15:40:20 2007 - - 11 Answers - 0 Comments
A. Usually gas cards are the easiest to get. You might try a Master card but Capital One has some really low interest rates. Ask for $500 and start charging and paying off the total balance each month. The card company will soon get fed up and up your limit hoping that you will start paying interest
Answered by Johnny - Wed Feb 21 15:46:36 2007
Q. I am 20 years old and after trying to get a card for a store I find I have 0 credit history. I have never owned a credit card and want to pick a good one to start bulding credit. Does anyone know a good card to go with that has low interest? Heck if you have any credit tips it would be helpful too...Thanks!
Asked by Michael - Wed Feb 21 15:40:20 2007 - - 11 Answers - 0 Comments
A. Usually gas cards are the easiest to get. You might try a Master card but Capital One has some really low interest rates. Ask for $500 and start charging and paying off the total balance each month. The card company will soon get fed up and up your limit hoping that you will start paying interest
Answered by Johnny - Wed Feb 21 15:46:36 2007
What business credit cards are not attached to my personal credit?
Q. Hello, I am trying to find out how to build my business credit without being attached to my personal credit score. I would like to know if anybody has information regarding what credit cards are available to do this. I would love any free information or links to sites that can tell me how to build my business credit. Thanks!!
Asked by Erick R - Sun Feb 17 21:13:19 2008 - - 7 Answers - 2 Comments
A. People think once they screw up their own personal credit the next thing they can do is have a business and get credit that way but it doesn't work like that. Your personal social security number and credit rating are going to be used to extablish credit when you start out and even well beyond. Added Reality is as a beginning business you are NOT going to go out and secure credit using an unknown/ unestablished business name or identifying number!
Answered by Rebecca - Sun Feb 17 21:17:28 2008
Q. Hello, I am trying to find out how to build my business credit without being attached to my personal credit score. I would like to know if anybody has information regarding what credit cards are available to do this. I would love any free information or links to sites that can tell me how to build my business credit. Thanks!!
Asked by Erick R - Sun Feb 17 21:13:19 2008 - - 7 Answers - 2 Comments
A. People think once they screw up their own personal credit the next thing they can do is have a business and get credit that way but it doesn't work like that. Your personal social security number and credit rating are going to be used to extablish credit when you start out and even well beyond. Added Reality is as a beginning business you are NOT going to go out and secure credit using an unknown/ unestablished business name or identifying number!
Answered by Rebecca - Sun Feb 17 21:17:28 2008
How would 4-credit courses transfer to a college where the courses are only 3 credits?
Q. If a 4-credit course has a corresponding course at a second college which is only 3 credits, how would the 4-credit course be transferred? Would one credit be dropped for each transferred 4-credit course?
Asked by Avz J - Tue Dec 29 16:10:39 2009 - - 2 Answers - 0 Comments
A. Are you on quarters or semesters? Where I go they check to see if the class you have taken is 70% compliant with the class the university offers... they then give you credit as if you have taken that class. So if I took a 3 credit class at a semester school and transfer then they would look to find a class they offer that matches the class I took and give me credit for that, which would be a 5 credit class on the quarter system, and vice verse. Bottom line they are gonna find what class they offer and give you credit for that if it matches the curriculum of that class. So it would vary school by school.
Answered by JB - Tue Dec 29 16:21:18 2009
Q. If a 4-credit course has a corresponding course at a second college which is only 3 credits, how would the 4-credit course be transferred? Would one credit be dropped for each transferred 4-credit course?
Asked by Avz J - Tue Dec 29 16:10:39 2009 - - 2 Answers - 0 Comments
A. Are you on quarters or semesters? Where I go they check to see if the class you have taken is 70% compliant with the class the university offers... they then give you credit as if you have taken that class. So if I took a 3 credit class at a semester school and transfer then they would look to find a class they offer that matches the class I took and give me credit for that, which would be a 5 credit class on the quarter system, and vice verse. Bottom line they are gonna find what class they offer and give you credit for that if it matches the curriculum of that class. So it would vary school by school.
Answered by JB - Tue Dec 29 16:21:18 2009
How does getting credit back on your credit card work?
Q. Let's say I buy something for $100. I return it and they say I will have that credit back on my credit card. So now my credit card balance is $100? What if I paid for that $100 already and then returned it and got credit back? Can a credit card have a balance and have money withdrawn from it?
Asked by Dr. Bass, M.D, Ph.D - Wed May 21 19:25:25 2008 - - 4 Answers - 0 Comments
A. Yes. The retailer will credit back the $100 onto your account. If you already paid it, you'll have a postive balance.
Answered by bud68 - Wed May 21 19:41:24 2008
Q. Let's say I buy something for $100. I return it and they say I will have that credit back on my credit card. So now my credit card balance is $100? What if I paid for that $100 already and then returned it and got credit back? Can a credit card have a balance and have money withdrawn from it?
Asked by Dr. Bass, M.D, Ph.D - Wed May 21 19:25:25 2008 - - 4 Answers - 0 Comments
A. Yes. The retailer will credit back the $100 onto your account. If you already paid it, you'll have a postive balance.
Answered by bud68 - Wed May 21 19:41:24 2008
How exactly does a credit card work?
Q. I want to apply for a credit card that starts out with a minimum credit line of $300. If I get it, it will be my first credit card. If I get the $300 credit, I want to make a purchase for like $200. Is this a good thing or a bad thing to do? Can someone give me some good tips on handling a credit card without getting bad credit? I will mostly be using this card trying to start an at-home business. Ya mama b*tch. Eat my p*ssy, h*e!!! Oh, rudecatt63, you've hurt my feelings ever so much, I'm going to cry...NOT. For someone who keeps visiting the GLBT section and has a rainbow in they're background, you sure do do a lot of gay bashing. Self hate is so stupid. But then again if I were you, I would probably hate myself too.
Asked by indrep33 - Tue Sep 5 19:18:10 2006 - - 11 Answers - 0 Comments
A. The best way is to keep the balence no more than 50% of the limit. If you go higher than the 50%, it will look like you have bad credit instead of no credit. If you pay the first balence off that month or pay half this payment and half the next, the bank will be very happy and raise your credit limit. You do not want to make only minimum payments. That will get in you into BIG trouble. They can raise the interest rate and it will cost you way more to borrow that money than you thought it would. If you have to because of money issues, make the payment that is due a min amount and then make another payment that month that is double the min. That will show good faith to the company. After about 6 months, you can call them and ask for the… [cont.]
Answered by Smartypants - Tue Sep 5 19:36:54 2006
Q. I want to apply for a credit card that starts out with a minimum credit line of $300. If I get it, it will be my first credit card. If I get the $300 credit, I want to make a purchase for like $200. Is this a good thing or a bad thing to do? Can someone give me some good tips on handling a credit card without getting bad credit? I will mostly be using this card trying to start an at-home business. Ya mama b*tch. Eat my p*ssy, h*e!!! Oh, rudecatt63, you've hurt my feelings ever so much, I'm going to cry...NOT. For someone who keeps visiting the GLBT section and has a rainbow in they're background, you sure do do a lot of gay bashing. Self hate is so stupid. But then again if I were you, I would probably hate myself too.
Asked by indrep33 - Tue Sep 5 19:18:10 2006 - - 11 Answers - 0 Comments
A. The best way is to keep the balence no more than 50% of the limit. If you go higher than the 50%, it will look like you have bad credit instead of no credit. If you pay the first balence off that month or pay half this payment and half the next, the bank will be very happy and raise your credit limit. You do not want to make only minimum payments. That will get in you into BIG trouble. They can raise the interest rate and it will cost you way more to borrow that money than you thought it would. If you have to because of money issues, make the payment that is due a min amount and then make another payment that month that is double the min. That will show good faith to the company. After about 6 months, you can call them and ask for the… [cont.]
Answered by Smartypants - Tue Sep 5 19:36:54 2006
What should your credit score be to get a good credit card?
Q. Is it 600 or above? I am working on fixing my credit and I have an auto loan that will help rebuild my credit. I need a credit card for emergency's and to help my credit, just wandering when I should apply for one. Right now Its not near 600.
Asked by wifey - Fri Jun 1 22:54:19 2007 - - 1 Answers - 0 Comments
A. 700+
Answered by Gretchen - Fri Jun 1 23:01:17 2007
Q. Is it 600 or above? I am working on fixing my credit and I have an auto loan that will help rebuild my credit. I need a credit card for emergency's and to help my credit, just wandering when I should apply for one. Right now Its not near 600.
Asked by wifey - Fri Jun 1 22:54:19 2007 - - 1 Answers - 0 Comments
A. 700+
Answered by Gretchen - Fri Jun 1 23:01:17 2007
Why does credit scoring differ from two or more different websites?
Q. I have two credit cards both have membership services. Both report to all three credit agencies. And both offer the service of credit watch, with score watch. Why do the scores not match, I understand the the three reporting credit agencies will be different, but shouldn't the info reported be consistant from one wedsite to another. If yes how reliabel are anyone scores who really can give a real reported score. I also understand that the FICO system is only used by Equifax, what are that two other systems?
Asked by Jeana - Wed Mar 3 15:28:46 2010 - - 2 Answers - 0 Comments
A. The three are: Empirica Score from Transunion Beacon Score from Equifax Fair Isaac Score from Experian the closest you can for accuracy is a trimerge report from a lender or another company that regularly needs to pull credit for loan purposes. If you are looking for the free credit report and score national site, check out this site Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating for free, fast and secure. Hope this help, The scores do not match because not all creditors submit to all three agencies.
Answered by Daniel - Wed Mar 3 22:16:43 2010
Q. I have two credit cards both have membership services. Both report to all three credit agencies. And both offer the service of credit watch, with score watch. Why do the scores not match, I understand the the three reporting credit agencies will be different, but shouldn't the info reported be consistant from one wedsite to another. If yes how reliabel are anyone scores who really can give a real reported score. I also understand that the FICO system is only used by Equifax, what are that two other systems?
Asked by Jeana - Wed Mar 3 15:28:46 2010 - - 2 Answers - 0 Comments
A. The three are: Empirica Score from Transunion Beacon Score from Equifax Fair Isaac Score from Experian the closest you can for accuracy is a trimerge report from a lender or another company that regularly needs to pull credit for loan purposes. If you are looking for the free credit report and score national site, check out this site Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating for free, fast and secure. Hope this help, The scores do not match because not all creditors submit to all three agencies.
Answered by Daniel - Wed Mar 3 22:16:43 2010
How to get a credit card with no credit and no checking account?
Q. I'm young with no credit and no checking account. I've been looking online and have only come across debit cards or credit cards that require a checking account. Where and how can I get a credit card w/ no credit and no checking account?
Asked by mommy's princess due 8.8.09! - Tue Dec 9 14:40:59 2008 - - 5 Answers - 0 Comments
A. Actually most banks give you a credit card when you open a checking account. If you are 17 or older you can get a student checking account with a debit card. The reason they want a checking account is because statistics show that people that don't have checking accounts are more likely to default. If you are under 18, you can not get a credit card. /
Answered by Judy - Tue Dec 9 14:46:54 2008
Q. I'm young with no credit and no checking account. I've been looking online and have only come across debit cards or credit cards that require a checking account. Where and how can I get a credit card w/ no credit and no checking account?
Asked by mommy's princess due 8.8.09! - Tue Dec 9 14:40:59 2008 - - 5 Answers - 0 Comments
A. Actually most banks give you a credit card when you open a checking account. If you are 17 or older you can get a student checking account with a debit card. The reason they want a checking account is because statistics show that people that don't have checking accounts are more likely to default. If you are under 18, you can not get a credit card. /
Answered by Judy - Tue Dec 9 14:46:54 2008
What impact does closing credit cards have on your credit score?
Q. What impact does closing credit cards have on your credit score? I have a number of credits that I am not using. What impact if any would closing some of these accounts have on my credit score?
Asked by hydra1970 - Sun Aug 26 14:36:21 2007 - - 5 Answers - 1 Comments
A. Part of your credit score is based on your debt to available credit limit ratio. When you close accounts, you lower the available credit and could end up with a higher debt percentage. So yes closing credit card accounts will hurt your credit score; however, your score will rebound quickly. Another factor is that closing your oldest accounts, closes your history. Keep the oldest accounts open as long as they don't charge an annual fee. Personally, I think keeping credit cards you don't use open just for the sake of a couple points on your credit score silly. All those extra cards have too much potential for problems. You have to keep track of them and keep them secured. I recommend not more than two major credit cards --which you… [cont.]
Answered by bdancer222 - Sun Aug 26 15:51:01 2007
Q. What impact does closing credit cards have on your credit score? I have a number of credits that I am not using. What impact if any would closing some of these accounts have on my credit score?
Asked by hydra1970 - Sun Aug 26 14:36:21 2007 - - 5 Answers - 1 Comments
A. Part of your credit score is based on your debt to available credit limit ratio. When you close accounts, you lower the available credit and could end up with a higher debt percentage. So yes closing credit card accounts will hurt your credit score; however, your score will rebound quickly. Another factor is that closing your oldest accounts, closes your history. Keep the oldest accounts open as long as they don't charge an annual fee. Personally, I think keeping credit cards you don't use open just for the sake of a couple points on your credit score silly. All those extra cards have too much potential for problems. You have to keep track of them and keep them secured. I recommend not more than two major credit cards --which you… [cont.]
Answered by bdancer222 - Sun Aug 26 15:51:01 2007
Closing a credit card account that is inactive? How much will it affect my credit report?
Q. I've had this account for about two years, and I haven't used it in a long time, and I'm thinking of closing it but I don't know how it would affect my credit report. This is a secure credit card, with only a $300 limit. I have two other credit cards that I use a lot more often and I've been very responsible about paying bills on time.
Asked by jenahfah - Sat Feb 24 13:49:01 2007 - - 4 Answers - 0 Comments
A. If nothing else, use it for a small purchase at least once a year and pay it off. If you do not use an account for 12 months, they might close it on you anyway. What hurts your credit the most is abuse, failure to pay, or using more than 30% of your limits. If you have three cards and pay them off each month, then spread the debt out so that no one card exceeds 30% of its limit. Having a card even with only a $300 limit, is $300 worth of credit. As soon as you close it, your available credit drops by $300, which could hurt you. If any of your cards are charging annual fees, consider getting another card with a higher limit and no fees. After you get the boost of the extra credit limit, then close the card with the fees.
Answered by JD_in_FL - Sat Feb 24 13:58:11 2007
Q. I've had this account for about two years, and I haven't used it in a long time, and I'm thinking of closing it but I don't know how it would affect my credit report. This is a secure credit card, with only a $300 limit. I have two other credit cards that I use a lot more often and I've been very responsible about paying bills on time.
Asked by jenahfah - Sat Feb 24 13:49:01 2007 - - 4 Answers - 0 Comments
A. If nothing else, use it for a small purchase at least once a year and pay it off. If you do not use an account for 12 months, they might close it on you anyway. What hurts your credit the most is abuse, failure to pay, or using more than 30% of your limits. If you have three cards and pay them off each month, then spread the debt out so that no one card exceeds 30% of its limit. Having a card even with only a $300 limit, is $300 worth of credit. As soon as you close it, your available credit drops by $300, which could hurt you. If any of your cards are charging annual fees, consider getting another card with a higher limit and no fees. After you get the boost of the extra credit limit, then close the card with the fees.
Answered by JD_in_FL - Sat Feb 24 13:58:11 2007
How do I establish credit without a credit card?
Q. Credit cards are becoming more and more picky about extending credit, and the interest rates are through the roof. What are some other ways I can establish solid credit without a credit card or major expenses? I go to college full time and work full time, I don't want to get into heavy debt.
Asked by yage v - Tue Jun 24 11:25:38 2008 - - 8 Answers - 0 Comments
A. I agree with those saying to get a credit card - find one, such as capital one, who offer low limit cards, starting at 250 dollars, to college students. You will pay some fees, but pay the card on time for 6 months (put simple recurring bills such as groceries on it and pay it off in full each month) and after the 6 months ask to be switched to a no, or low fee card. I would also apply for a small signature loan with a credit union, and a small deferred interest federally subsidized student loan if possible. This will build additional credit history and cost you nothing as the government pays the interest and payments until you are out of school. Drop it in your savings account and reap the rewards of some free conservative investment… [cont.]
Answered by dylan w - Fri Jun 27 03:59:50 2008
Q. Credit cards are becoming more and more picky about extending credit, and the interest rates are through the roof. What are some other ways I can establish solid credit without a credit card or major expenses? I go to college full time and work full time, I don't want to get into heavy debt.
Asked by yage v - Tue Jun 24 11:25:38 2008 - - 8 Answers - 0 Comments
A. I agree with those saying to get a credit card - find one, such as capital one, who offer low limit cards, starting at 250 dollars, to college students. You will pay some fees, but pay the card on time for 6 months (put simple recurring bills such as groceries on it and pay it off in full each month) and after the 6 months ask to be switched to a no, or low fee card. I would also apply for a small signature loan with a credit union, and a small deferred interest federally subsidized student loan if possible. This will build additional credit history and cost you nothing as the government pays the interest and payments until you are out of school. Drop it in your savings account and reap the rewards of some free conservative investment… [cont.]
Answered by dylan w - Fri Jun 27 03:59:50 2008
How do you get a credit card with bad credit?
Q. I am trying to pick my credit score back up off the floor and have heard that you can do this by applying for credit cards and making the payments on them. Nice! Except, I went through a divorce and my credit is now lowsy. I pay all my bills on time and have a decent job, yet credit card companies don't give me the time of day. Does anyone know of a company that will work with a credit slacker like me?
Asked by Heedie - Wed Nov 12 11:37:01 2008 - - 5 Answers - 0 Comments
A. Aply for a credit card of a small amount i.e. $300,00 at capital one or your bank, saying you need a credit card to purchaise things trough the internet. After maybe 2 months they put your credit up ond so one. After that your credit repport will be better recognised and you start to have better chances.Like I do I allways pai in before the time and sometimes i put my credit card in credit of 100,00 pounds to schau Them I'm a honest coustmor.And sometimes when I go to the bank they offer me credits and I have a low ballance money in the Bank, but allways in credit. Good luck.
Answered by Jos62 - Wed Nov 12 12:02:12 2008
Q. I am trying to pick my credit score back up off the floor and have heard that you can do this by applying for credit cards and making the payments on them. Nice! Except, I went through a divorce and my credit is now lowsy. I pay all my bills on time and have a decent job, yet credit card companies don't give me the time of day. Does anyone know of a company that will work with a credit slacker like me?
Asked by Heedie - Wed Nov 12 11:37:01 2008 - - 5 Answers - 0 Comments
A. Aply for a credit card of a small amount i.e. $300,00 at capital one or your bank, saying you need a credit card to purchaise things trough the internet. After maybe 2 months they put your credit up ond so one. After that your credit repport will be better recognised and you start to have better chances.Like I do I allways pai in before the time and sometimes i put my credit card in credit of 100,00 pounds to schau Them I'm a honest coustmor.And sometimes when I go to the bank they offer me credits and I have a low ballance money in the Bank, but allways in credit. Good luck.
Answered by Jos62 - Wed Nov 12 12:02:12 2008
What is the best credit card to apply for for the first time?
Q. I have years of excellent on-time rental history, however I have no credit because I've never been in debt (always pay bills on time) go figure. I was wondering which credit cards I could apply for, for the first time. Wal-Mart Credit card rejected me because I have no credit, and I'm just looking for something small so I can put things on the card and pay them off quickly to establish some sort of credit. Any suggestions?
Asked by flori0009 - Sun Sep 30 08:24:15 2007 - - 6 Answers - 0 Comments
A. i think this is the best one to know about credit cards
Answered by sam k - Sun Sep 30 09:28:03 2007
Q. I have years of excellent on-time rental history, however I have no credit because I've never been in debt (always pay bills on time) go figure. I was wondering which credit cards I could apply for, for the first time. Wal-Mart Credit card rejected me because I have no credit, and I'm just looking for something small so I can put things on the card and pay them off quickly to establish some sort of credit. Any suggestions?
Asked by flori0009 - Sun Sep 30 08:24:15 2007 - - 6 Answers - 0 Comments
A. i think this is the best one to know about credit cards
Answered by sam k - Sun Sep 30 09:28:03 2007
What is the best credit card for an 18 year old?
Q. I am only getting a credit card so that I can make small purchases and pay them off right away to build my credit. Please do not lecture me on how to use a credit card, I am already fully aware. I just want to know which credit cards have the lowest rates for an eighteen year old with no credit. Thanks in advance! If you are just going to answer "none' don't bother.
Asked by alilley07 - Wed Dec 5 12:18:42 2007 - - 11 Answers - 0 Comments
A. As long as you're responsible and pay off the purchases ASAP you won't have to worry about interest rates. I've had a card for 5 years and the only time I paid interest rates were my first few months before I realized you could pay off your balance more than once per month. Good luck!
Answered by jmattiesmufc - Wed Dec 5 12:50:15 2007
Q. I am only getting a credit card so that I can make small purchases and pay them off right away to build my credit. Please do not lecture me on how to use a credit card, I am already fully aware. I just want to know which credit cards have the lowest rates for an eighteen year old with no credit. Thanks in advance! If you are just going to answer "none' don't bother.
Asked by alilley07 - Wed Dec 5 12:18:42 2007 - - 11 Answers - 0 Comments
A. As long as you're responsible and pay off the purchases ASAP you won't have to worry about interest rates. I've had a card for 5 years and the only time I paid interest rates were my first few months before I realized you could pay off your balance more than once per month. Good luck!
Answered by jmattiesmufc - Wed Dec 5 12:50:15 2007
What is the best credit card for an 18 trying to build credit?
Q. I m soon to be 18 and am looking to get a credit card to help build credit. My dad said the best thing to do is to just use it to buy gas, but I m not really all that up to date on how credit cards work and which ones are the best. Does anyone have any wise credit card wisdom to pass on to me?
Asked by illusional_reveur - Wed Apr 18 05:38:56 2007 - - 4 Answers - 1 Comments
A. Get a capital one credit card with a small credit limit so you don't get in trouble. Its working for me! Just fallow these guide lines and it will lead you to a better credit score. It just takes time and responsibility. Also I would get a free credit report at freecreditreport.com they give a summary of what your credit score means and how you can bring it up. What factors raise your Score: You've paid your bills on time and currently do not have any overdue accounts or derogatory information, such as a collection, charge-off, or bankruptcy, on your report. You can be proud of the fact that you are helping yourself maintain a good credit score, so continue with the positive credit behavior! You have no open installment loans,… [cont.]
Answered by Tiffany D - Sat Apr 21 12:47:42 2007
Q. I m soon to be 18 and am looking to get a credit card to help build credit. My dad said the best thing to do is to just use it to buy gas, but I m not really all that up to date on how credit cards work and which ones are the best. Does anyone have any wise credit card wisdom to pass on to me?
Asked by illusional_reveur - Wed Apr 18 05:38:56 2007 - - 4 Answers - 1 Comments
A. Get a capital one credit card with a small credit limit so you don't get in trouble. Its working for me! Just fallow these guide lines and it will lead you to a better credit score. It just takes time and responsibility. Also I would get a free credit report at freecreditreport.com they give a summary of what your credit score means and how you can bring it up. What factors raise your Score: You've paid your bills on time and currently do not have any overdue accounts or derogatory information, such as a collection, charge-off, or bankruptcy, on your report. You can be proud of the fact that you are helping yourself maintain a good credit score, so continue with the positive credit behavior! You have no open installment loans,… [cont.]
Answered by Tiffany D - Sat Apr 21 12:47:42 2007
From Yahoo Answer Search: 'credit'
Thu Mar 4 04:50:12 2010 [ refresh local cache ]
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Christian Science Monitor
New credit card laws went into effect earlier this week. Here's a roundup of what's included. President Obama's new credit card laws went into effect Monday ...
Close a credit account with little, no impact on score Chicago Sun-Times
The Awful Truth About Credit Card Payments ABC News
What the Credit Card Act Means for You New York Times (blog)
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The new laws are tabbed as the . Credit. Card Accountability, Responsibility and Disclosure Act of 2009. These laws carry numerous changes that will effect how . credit. cards are advertised, managed and marketed to the public. ...
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