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Hello, I'm trying to build credit but I'm desperate. I have a beacon of 702 last time they checked. I have a student loan being paid promptly every month for 4 years already, I have a car loan for two years with no delays. I can't seem to get a credit card from the local bank due to "new credit", same thing with a $2,000 mattress I tried to finance today. Which place should I go to apply for a credit card or a store card? I need to build credit and I frankly thought paying my loans promptly would help.
Thanks
Hi password
If you've had your loans in good standing for 2-4 years and nothing else than I'd say that you shouldn't have a problem with getting a major credit card. What is your debt to income ratio like? That could be part of the problem. If you are going to apply for a credit card make sure you shop around before applying. Stay away from anything that has an annual fee or a prepaid finance charge.
Best of Luck
Hi password
I will suggest you to start with a secured credit card which is not at all difficult to get. For this all you need to do is to approach the bank tell them that you want a secured credit card, keep a deposit money with the bank and get a credit limit equivalent to the amount deposited with the bank. Now start purchasing with your credit card, but make sure that you do not spend more than 30% of your credit limit. Repay it on time and in this way build a credit history.
Finding The Best Business Credit Card For You
Just like with choosing a personal credit card, choosing a business credit card that’s right for your business can prove to be a challenging task. Of all the business credit cards available in the market, which one is the best? More importantly, which one should you choose? This article contains some tips on finding the best business credit card that suits your needs. Consider the following pointers:
Corporate or Small Business Credit Card?
The type of business you have is the first thing to consider. If you’re running a corporation or a large company, a corporate credit card is the credit card designed to meet your needs. Corporate credit cards are not advertised but if you need one, all you have to do is call your preferred credit card company and make arrangements. A representative would be sent to meet with you and your executive team so you can discuss the specific needs and the application process can be started.
read more here [deleted] Violation of forum rules - Richard.
pSSWORD,
do you have any collections accounts/ do you have late payments/ how many things have you applied for in the past two years/ what is your debt/income ratio/ is the car loan in your name/ is your credit attached to anyome elses/
wow, you have racked up the questions cmb22, lol, I guess we will have to wait and see if they are answered.
LOL, yeah it is hard to give ppl a good answer when you dont know the details & the devil is in the details.
You can find more information on this by clicking the debt forum listed above.