You may be one of the fortunate or unfortunate, depending on how you look at it, that does not have any credit. In some cases, having no credit is just as bad if not worse as having bad credit. Usually these are young people, students or divorced or widowed women that had joint credit with their husbands. So what do you do when you want or need a credit card?
Ok, I know, no one needs a credit card. It is always good to have one credit card for emergency purposes. And the good news is that even if you have no credit there are options available to you to get credit cards. One choice is a secured credit card. Yes, they do not sound fun, secured means that you have given the company money, and they are basically keeping it for you until you use it. Your limit is Usually set by the size of your deposit. You still need to make sure that you are production your payments, on time each month or the credit card company can take the money you have in savings. Make monthly payments on time and you may be able to switch to an unsecured credit card.
Credit Cards For People With No Credit
Apply for a gas card with your gas station. Those are Usually easier to get then a credit card. Make sure that you make your payments each month to build you credit. Lenders not only want to see that you have credit, but they want to make sure that you are going to pay your bills as well.
Go to your bank and make sure that you have a checking and savings account. Talk to your bank and apply for their credit card. Usually having a good connection with you bank can help you get credit when you need it, even if you don't currently have it. The smaller the bank the better, petite credit unions and local banks are more helpful then big national associates where you are just a number.
Your popular store can also help you get a credit card. Make sure that the branch store reports to the credit bureau, if it doesn't then the credit card is literally not going to help you design a credit history.
Keep in mind that paying your bills are not the only thing credit card associates look at. They want to see how often you move and how steady your income is. These play a major role is either or not you get a credit card.
There is hope for people that have no credit and want credit cards. You just have to know what the credit card company is looking for and apply only to those that you think will accept you, because getting rejected for credit can hurt just as bad as bad credit.
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