It’s weird to me. I recently applied for a bunch of rentals and my lack of credit has been the main thing holding me back. I have resolved to get a secured credit card but like how tf do people usually build credit anyway? I got denied by several other credit cards.
I also tried to apply for a loan earlier last year for a tow behind camper and even with 10k down on a 16k camper they said no. It’s like they can’t comprehend what I mean when I said I don’t have a credit score…it’s not a bad credit score….it’s that I have literally zero history. I’ve paid for everything in full including my car and the travel trailer that I ended up buying and yet I’m punished for it.
Anyways, how do most people get their name in the system? Is it always with a secured credit card?
In: Economics
When I was 16 I was able to get a small $4000 loan from the bank with my parents as guarantors. I paid it off over a year and that gave me a great starting point.
From then on out, Ive used a credit card to pay for literally everything and then at the end of a pay cycle (weekly, fortnightly or monthly) I pay 90% of it from my cheque account, so that I can have revolving credit yet not pay any interest.
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