Carmina Stickney: because you do not have ENOUGH credit....not enough is bad...you have to play the game . . . if you would like to start establishing credit...do it with a credit card that requires a security deposit....they call it secured credit.....you give them like 100 - 300 dollar deposit and they issue you a card that has a low limit...which is a good thing so you dont overextend yourself.....
Bo Perham: get a secured credit card after 6 month of good paying history u can apply for unsecured with a diff. bank
May Stands: you may no longer examine credit historic previous with incorrect recommendations - they're too careful those days, and the informatiuon has to adventure. you may build up credit historic previous with the aid of getting a card or 2 - from a retail keep is in many cases extraordinarily hassle-free, and doubtless from the financial agency the place you have an account. keep your money up as much as now and additionally you're on your wa! y. And your credit isn't undesirable, you in easy terms have no historic previous. poor credit is worse... it potential your historic previous practice you do no longer pay correct or are otherwise a unfavorable danger....Show more
Gladys Worthing: If you have never had a credit card or any sort of loan, your credit score is essentially 0, because there's nothing to base it off of. Generally, having no credit is slightly better than having bad credit. My advice -- don't get a credit card. You'll get ripped on interest since you have no credit history, and it tends to get people into massive amounts of trouble
Rufus Plough: You don't have bad credit, you have No Credit history. That's why you got turned down. There is nothing for the card issuer to make a judgment on.In the industry, it's known as a "thin file."What you need to do is get a Secured Visa or Mastercard. Just do a yahoo search for "Secured Visa" or "Secured Mastercard." You put a deposit down and! that becomes your credit limit. It works just like a credit ! card, including you making payments. In 6 months to a year of handling it well, you'll have started building your credit and the card will turn into a normal card and deposit refunded. You'll also be able obtain other lines of credit....Show more
Debora Soliani: You might have "bad" credit, you might just have NO credit or you might have insufficient income. Any of those are grounds for disapproving an application. Have you checked your credit reports? What reasons are the lenders providing when they deny your applications?
Bernie Cerra: Do you have no credit or bad credit? There is a difference.If you have defaulted on other debts, like medical and utility bills, these would be reported to your credit report by collection agencies. This would give you bad credit. However, if you have nothing showing on your credit report, you simply have no credit history. Try getting a secured credit card --you pay a deposit which is held as collateral against the lin! e of credit....Show more
Gabriel Realmuto: Credit cards are not the only sources of credit reporting. Utilities, bank overdrafts, loans and other sorts of accounts may be reported. E.g. utilities usually do not report every month, but if you are late making payments, then they report, or if an account goes to collections, the collections agency reports.Also, under new credit laws, you must be over 21 to obtain a credit card. And you usually need a year or more on the job to get a card also. Some of the better cards and lower limits are for those with at least 3 yrs on the job. Your best place to get a card is always to start with your bank where you have your savings & checking accounts, have a debit card with MC or Visa logo, and built up a banking relationship. Always start with your banking relationships to build good credit!...Show more
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