Shopping for good credit

Credit card without any credit..sounds amazing..

You might shop for some debit card since it will be directly linked with your bank account and there won't be any credit in it.

Or did I understand your question wrongly?!

Here's what I posted in the other forum:

Your best bet would probably be to get a secured credit card, where you deposit money and the amount you deposit is your credit limit. From what I understand, after a certain period of time (6 months, a year, whatever) the company will give you back the money and you will have an unsecured card if you have been making the payments on time and have not gone over your limit. Many banks offer these cards. You may want to check in to this. I am not an expert, but this is what I would do.

~Mary

Well i have a couple credit cards but i cant get aprove for the cards i want

If there is a bad credit in your report, you have to clean it up as much as possible so that you are open to large number of options from your creditors. Order the latest copy of your credit report and review it thoroughly for errors. After you have your file cleaned up to the maximum, it will immensely help you in getting new credit.

You have to be prudent when you are looking for new credit. Do not have too many open accounts as it might lower your debt to income ratio. Excessive inquiries also reduce the chances of getting good deals.

Here is a tip that can be used for getting good credit. For this, you might have to look for someone close to you who has a very good credit history and has many credit cards. Basically, you will have to borrow his trust on you. He needs to allow you to become an ???authorized user' on his card. Once you have built up this understanding mutually, the person will call up his credit card company and request them to place you as an authorized user of his card. A copy of his credit card will be sent to you. You won't be required to use it and you can even give it to your friend. The changes will show up in your credit file. You will have an open account with a very good credit history (it belongs to your friend who created it over a period of many years by using that card). There will be note at the end that you are an authorized user of the card.

My daughter who was 18 (almost 20 now), had no credit and had no job---got approved for a capital one card. To start with, it was only $200, she kept it up for a year and they raised her up to $500. Shes a college student, so maybe that answers the craziness of this. She also has a mastercard ($150) off of her good credit with capital one. And a Dell account where she got a new computer. Shirley

Isn't it so nice of the credit card companies to prey on the college students? My brother in law gets several offers in the mail and file 13's all of them. He said he has learned his lesson on credit cards from watching what happened to us and his sister. At least someone has learned from our mistakes.

Oh, no kidding. When I was in school, I think every couple of days, there would be a very inviting tent set up on campus, where they were handing out drinks and icees on hot days, and not to mention the free gifts for applying. Frisbees, umbrellas, etc. They should also be handing out flyers about managing your credit! I know I could have used one of those.

~Mary

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