Trying to get approved for a CC.
-
Yeah, but being a conductor for CPRail helped your situation 10 fold John. I'm still willing to bet your credit score isn't super high.
If you want a high credit score, get a credit card with a $500 credit limit or so and carry a balance from month to month (like $200 or so MAXIMUM), make sure you make every payment on time but never actually pay the whole thing off...and if you do, get more on there (again, small amounts) and keep showing the ability to manage your debt and make scheduled payments. After a few of months (maybe 6-18) you will start seeing credit offers coming in the mail for better and better rates. Make sure the rates are fixed and not variable when you apply for larger credit allowances, also check the back of the offers for hidden fees, annual fees and membership fees before applying. Once you've established credit you will start seeing offers like 10.99% APR (still kinda high, but not awful) and might even get lucky and have cards with 4.99 APR fixed. Right now I have three cards and the highest interest on any of them is 6.99% APR fixed....and this is from a guy who 6 years ago had shitty credit due to a divorce and an ex-wife who ran up every credit she had before we officially were divorced so I got stuck paying off cards that I didn't even know she had.
-
MisterCMK wrote:
Good luck ever getting a good deal on a mortgage or car loan.Im also only 19 right now, so i don't think it is unreasonable to not have a loan. I will get one sometime just to build credit, but i figure, why get a loan when i can save up and pay for it right now. I know you need credit to get good loans, but a big downpayment don't hurt either if you have a lot saved up.
-
tjamz wrote:
Yeah, but being a conductor for CPRail helped your situation 10 fold John. I'm still willing to bet your credit score isn't super high.If you want a high credit score, get a credit card with a $500 credit limit or so and carry a balance from month to month (like $200 or so MAXIMUM), make sure you make every payment on time but never actually pay the whole thing off...and if you do, get more on there (again, small amounts) and keep showing the ability to manage your debt and make scheduled payments. After a few of months (maybe 6-18) you will start seeing credit offers coming in the mail for better and better rates. Make sure the rates are fixed and not variable when you apply for larger credit allowances, also check the back of the offers for hidden fees, annual fees and membership fees before applying. Once you've established credit you will start seeing offers like 10.99% APR (still kinda high, but not awful) and might even get lucky and have cards with 4.99 APR fixed. Right now I have three cards and the highest interest on any of them is 6.99% APR fixed....and this is from a guy who 6 years ago had shitty credit due to a divorce and an ex-wife who ran up every credit she had before we officially were divorced so I got stuck paying off cards that I didn't even know she had.
This is EXACTLY what I am doin. I have a 500 dollar limit and I have put almost 200 bucks on the card. I'm not gonna pay the minimum and I'm not gonna use it for a while.
Also I have a Best Buy credit card which is under me and my mom. It was weird because they said we were denied at the store and then all of a sudden a couple weeks later we got 2 cards in the mail.
-
tjamz wrote:
Yeah, but being a conductor for CPRail helped your situation 10 fold John. I'm still willing to bet your credit score isn't super high.If you want a high credit score, get a credit card with a $500 credit limit or so and carry a balance from month to month (like $200 or so MAXIMUM), make sure you make every payment on time but never actually pay the whole thing off...and if you do, get more on there (again, small amounts) and keep showing the ability to manage your debt and make scheduled payments. After a few of months (maybe 6-18) you will start seeing credit offers coming in the mail for better and better rates. Make sure the rates are fixed and not variable when you apply for larger credit allowances, also check the back of the offers for hidden fees, annual fees and membership fees before applying. Once you've established credit you will start seeing offers like 10.99% APR (still kinda high, but not awful) and might even get lucky and have cards with 4.99 APR fixed. Right now I have three cards and the highest interest on any of them is 6.99% APR fixed....and this is from a guy who 6 years ago had shitty credit due to a divorce and an ex-wife who ran up every credit she had before we officially were divorced so I got stuck paying off cards that I didn't even know she had.
i have a credit score of 680...so thats pretty high for a 19 yr old.
-
tjamz wrote:
Yeah, but being a conductor for CPRail helped your situation 10 fold John. I'm still willing to bet your credit score isn't super high.If you want a high credit score, get a credit card with a $500 credit limit or so and carry a balance from month to month (like $200 or so MAXIMUM), make sure you make every payment on time but never actually pay the whole thing off...and if you do, get more on there (again, small amounts) and keep showing the ability to manage your debt and make scheduled payments. After a few of months (maybe 6-18) you will start seeing credit offers coming in the mail for better and better rates. Make sure the rates are fixed and not variable when you apply for larger credit allowances, also check the back of the offers for hidden fees, annual fees and membership fees before applying. Once you've established credit you will start seeing offers like 10.99% APR (still kinda high, but not awful) and might even get lucky and have cards with 4.99 APR fixed. Right now I have three cards and the highest interest on any of them is 6.99% APR fixed....and this is from a guy who 6 years ago had shitty credit due to a divorce and an ex-wife who ran up every credit she had before we officially were divorced so I got stuck paying off cards that I didn't even know she had.
ive been doing this for about a year now, and ive had a car loan that ive been slowly paying off for 2 years. it works great.
even with a credit card, a car loan, and student loans, i was able to get a card from dell, apple, AND best buy.
-
who you calling "Childeren"?
-
MethodlesS wrote:
no one....oh wait, you meant children, right?? Well in that caseYour mom
im sure chucks mom was a child ones yes....but that was just supid.
-
umm well good luck with best buy, i dont own a home but have had a few loans, and credit cards and i have a flawless payment record, i just took a $7000 pesonal loan out i was approved over the phone, and i have another $5000 loan that i was approved over a fax, i dont remmeber my credit score at the moment but it was rather high for my age and sittuation
i applied at best buy about a year ago before these other loans and i got approved for $500!! woohoo so a instantly cancled it, but be careful becuase in the realy small print i got signed up for another card that had a yearly charge of $30 but was never sent a bill for and only found out about it when i got a phone call from the company asking why im not paying my bill, but long story short after about 2 months of fighting with them they pulled the charge but the damage to my credit rating was already done and i basicaly took it in the ass
so basicaly what im trying to say is start small w/ student type of card and make to sure to pay it every month and be patient and keep a balance on it and eventualy u will get better offers just make sure u read the offers closley becuase c.c. company are here to make profit so they love to make little loop holes to fuck u
my best card i have at the moment has a $8000 limit and %10.99 interest with out a yearly fee not the greatest but the best i have had so far
u should expect to have a interest rate in the high %20's to start but it will get better, after about a year of having the card or maybe less call them and ask for a lower percentage and threaten to cancle the card and if it dont work ask for a manager and ask the same it usualy works but depends on the account
-
MisterCMK wrote:
I got approved at Best Buy 2 days after my 18th for $1400. All I had was a checking account with little money in it, a savings account that was emtpy and a loan for the Mustang that I co-signed on with my parents.
I was paying on the loan for my Si, but since there was too much paperwork, my parents didn't put me on it as a cosigner... so now I made them feel bad cuz i didn't get approved for that card and they cosigned for a student card. -
best buy (HSBC) will approve you for whatever the hell you want to buy there to the nearest 100 dollars.... i got two of them in about four days.
-
the world hates you, its official.
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login