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 in college in the early 90s, there was a credit card called AT&T MasterCard which I applied and got approved for like $300 credit. Within a couple of months they bumped it up to 500, then 1000 and somewhere during that period I applied and got approved for a Chase Visa with a 3k limit.
Some of my friends had to get secure cards which are guaranteed approval since you give the cash up front. You pay $500 to get a secure card with a $500 limit. Then it works just like a credit card.
Latest Answers