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
Do you work a normal W-2 job?
Seems odd to me that you would get denied a basic credit card (no rewards, like Capital One Platinum) and have to resort to a secured card (not that it’s any different other than the deposit/limit)?
But yeah, just get a credit card and if you need a good score fast then make sure you don’t use more than 10% of your limit (so if it’s $250 then no more than $25, you can make payments every few days instead of once a month if you want).
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