How do I build credit of I keep getting turned down by credit cards?
I’ve applied to so many college student credit cards and keep getting turned down. Its bull!
I’ve applied to so many college student credit cards and keep getting turned down. Its bull!
And i can’t used things such as creditreport.com because they ask for my credit card number, which btw if you cant tell by my problem, I don’t have one!
Take a deep breath. You have a bank account, a savings account. You do have bills that you pay regularly. You have a part-time job?. Whatever. If you pay everything on time, you’ll get your chance in due course. In fact credit card companies are so eager for new clients I’m surprised you’ve not received a “pre” something or other in the mail. You want a card? Just go to the nearest shopping mall, there’s always a representative there – for a “big box” company or any fancy store.
First off, you should probably stop trying to apply for a while. That hurts your credit score.
You should be able to get a debit card.
Stop applying for cards because every time you do and you get rejected you hurt your credit even more.
You absolutely need to check your credit report. You probably have been trying to use freecreditreport.com, which requires a credit card number because, guess what?….it ain’t free.
Under US law you are entitled to one free credit report per agency per year. However, you have to go through a particular website: http://WWW.ANNUALCREDITREPORT.COM
Annualcreditreport.com doesn’t require a credit card and it is government based.
You keep getting turned down because your credit is either poor or nonexistent. Find out which it is by checking your credit report. You can also call the creditors that have rejected you and ask them the reason for your rejection.
Can your parents allow you to be an authorized user on their credit card? This allows you to have access to a card for the short term and you can piggyback on the good credit of your parents. Your FICO score will increase and you have credit at your disposal.
First, before you apply for any credit, you need to check your credit. When you apply for every credit offer, it affects your credit score negatively and lenders think you are financially desperate and will turn you down. If you have no or poor credit, the only credit cards offers you qualify for are the ones for poor credit like Tribute, First Premier Bank, or those companies that you have to pay monthly and annual fees before you use the card. You really don’t need a major credit card to buy things online, if you have a debit card with a Visa or Mastercard logo on it, it will do….
If you are a student, then you’ll be best off with a student credit card. Student credit cards can be a great way of building the credit history that you will need to depend upon after graduation. The important thing here is to remember to use that opportunity wisely. Many banks will issue college students a credit card, especially banks that are located in college or university cities and towns.
When you do manage to get a credit card, remember that you are establishing a credit history. Show that you are a good financial risk by paying the bill on time. Don’t go crazy with the spending. It will only cause you problems in the future.