PDA

View Full Version : Best way to get credit?



Spiff
02-08-2014, 02:38 AM
Hello everyone. I am 22 years old and I am still in college. I plan on trying to start my own business once I graduate. I know that I will be needing to borrow a large amount of money, but I don't even own my first credit card yet. I really wish that they had taught you how to do this in school or in college, and now I feel as if I am a late bloomer and that I should already have some credit built up. I heard from somebody that maybe I should just start with purchasing gas on my credit card and then pay it back, so that is my first plan. How did some of you first establish credit and what are maybe some good credit card companies that I could go with to start off? Any help would be much appreciated!

pandandesign
02-09-2014, 04:13 PM
Well, for those who have not had any credit to build for and would want to establish a good credit, first you should open up a credit card. If you have a personal bank, you can ask to apply for a credit card with probably about $500 limitation. That way, you can use it to pay for bills and make sure you pay off in full the following month. Don't pay it with the minimum payment because that will hurt your credit score. One thing though, when apply for a credit card, try not to go over $800 because you have to set yourself a spending limit, which you should be able to pay back on what things you have bought and what bills you have paid. This is by far one of the best ways to establish your credit.

Edwardjames81
02-10-2014, 07:42 AM
If you are intending on trying to gt a lot of money in the future you need to start building your credit card rating as soon as possible. The easiest way of doing this it so get a credit card, use to live on for the month and then pay the bill at the end of the month. You need to make sure that you settle the bill in full at the end of each month otherwise you are going to incur interest, and the rates on credit cards can be high, which is going to cost you.

As you have no credit rating at the moment you won't have access to many types of credit cards so go out and get whatever you can to get started. Don't worry about looking at the rewards or loyalty schemes, or the interest rates (which are going to be high for you) just find a credit card you qualify for. People often worry about getting credit cards with high interest rates but providing you settle the bill in full it doesn't matter whether the interest rate is 1% or 50%, you won't be paying anything, providing you pay the bill in full.

Other simple ways to build up a credit rating easily include signing up to a monthly cell phone plan and paying auto insurance monthly rather than outright.

sdsnook
02-10-2014, 09:14 AM
I have been trying for years to build my credit. Its a cat and mouse game that i have yet been able to get a grip with. I am thinking about investing instead! The thing about money is trying to have the right mindset for it, I am re-evaluting my outlook on money as I have had "a love for money attitude" when I think I should be having "a love for what money can do". Having attainable goals for what money can do is just now starting to become concrete in my brain, instead of a girl in a candy store attitude! write down you goals and break them down!!

jfab
02-10-2014, 11:05 AM
Hello everyone. I am 22 years old and I am still in college. I plan on trying to start my own business once I graduate. I know that I will be needing to borrow a large amount of money, but I don't even own my first credit card yet. I really wish that they had taught you how to do this in school or in college, and now I feel as if I am a late bloomer and that I should already have some credit built up. I heard from somebody that maybe I should just start with purchasing gas on my credit card and then pay it back, so that is my first plan. How did some of you first establish credit and what are maybe some good credit card companies that I could go with to start off? Any help would be much appreciated!

As much as possible I won't be encouraging you to ask for credit from any loaning institution especially banks. Why? Because you will just end up paying for more in the end. I'd rather advice you to just save money or raise it for a business.

Spiff
02-11-2014, 01:49 PM
As much as possible I won't be encouraging you to ask for credit from any loaning institution especially banks. Why? Because you will just end up paying for more in the end. I'd rather advice you to just save money or raise it for a business.Is this because of interest or what? I always though that no matter what, a person always ended up paying interest on top of whatever you already have to pay. I also though that banks were one of the safest ways to do anything. How about signing up for something like a Best Buy credit card? Could this work toward getting up my credit score? I actually have already been offered one of those, but I am unsure if this will count toward my credit score. What, would you suggest, would be the best credit card for beginners to sign up for? Do some credit cards build credit faster then other ones? Also, thank you everyone else for all of your input. I've been doing some research!

delusional
02-12-2014, 01:06 AM
Every bank will need you to have a large amount of the money already in your possession. I don't know how much you already have but it's normal that they need you to have at least 30-50% of what you are asking for.
Please don't use credit cards to get more money. They charge high fees for debt and will pull you in even deeper.

TaraC
02-12-2014, 01:24 AM
Hello everyone. I am 22 years old and I am still in college. I plan on trying to start my own business once I graduate. I know that I will be needing to borrow a large amount of money, but I don't even own my first credit card yet. I really wish that they had taught you how to do this in school or in college, and now I feel as if I am a late bloomer and that I should already have some credit built up. I heard from somebody that maybe I should just start with purchasing gas on my credit card and then pay it back, so that is my first plan. How did some of you first establish credit and what are maybe some good credit card companies that I could go with to start off? Any help would be much appreciated!

Things must have changed since I was in college. Credit cards made it very easy for college students to get credit cards. I had both a Visa and MasterCard before I was a sophomore. There wasn't a billboard on campus that didn't have plenty of credit card applications. I also had a couple of department stores.

If you're just starting out, I would go with a retail store card. They will give you a small limit, but that's okay. They will increase you limit fairly quickly. If you have a cell phone, then it's likely that the cell phone company will report your payment history.

I would highly recommend joining a credit union. They are smaller and more personal. It's very easy to establish credit with them and their loan guidelines aren't ask strict as a regular. Plus a much lower interest rate. Open a savings account. When the balance is at least $500, get a secured loan against the savings account. Pay it back on time or early.

CSomm
02-13-2014, 08:45 AM
To build credit, you need a high amount of "available" debt in revolving accounts (credit cards, etc) with a low amount of "actual" debt in those accounts. So, if you have only a $500 credit limit on one card (that's your available debt amount), you need to keep the actual debt below 15%. That means that the issuer reports you having only spent $75 or less on that card---and if you pay all your bills on the card and then pay off the full balance every month, you may look to the credit agencies as if you are consistently maxing out your card. It depends on when you pay it off vs. when the issuers decide to report.

So, you need to get a higher "available" debt limit vs. your actual debt. I'd suggest getting several cards (this looks good on your report, having multiple accounts by different issuers indicates a trust level) and then NEVER using them past 15% of their "available" debt limit. You can only use each one once, for something small, and then pay in full.

Store cards are no different than other credit cards, unless they don't report---in that case, they are worthless to your cause and you shouldn't bother with them. If they aren't reporting, go ahead and cancel them.

LonerWolf
02-13-2014, 01:32 PM
I am not trying to force my opinion on you but do try to stay as far away as possible from credits.. In my country many people are constantly suffering from that because they thought the money they took would quickly grow but that was not the case.. Just be careful and good luck! :)

Taru
02-27-2014, 09:21 PM
I had a similar experience in that I was very much a late bloomer in terms of credit. I think it's alright though. Just try and not to rely on banks as much as possible when getting started. While you build up your credit, you can just start building a business and when it gets big enough that you're garnering profits, you can just show your financials to a bank and they will judge you based on your profitability instead of just on your credit history alone. If not them, then with concrete statistics, you'd at least be able to convince some other investors at the very least.

cpefley
02-27-2014, 11:06 PM
I had a similar experience in that I was very much a late bloomer in terms of credit. I think it's alright though. Just try and not to rely on banks as much as possible when getting started. While you build up your credit, you can just start building a business and when it gets big enough that you're garnering profits, you can just show your financials to a bank and they will judge you based on your profitability instead of just on your credit history alone. If not them, then with concrete statistics, you'd at least be able to convince some other investors at the very least.

Great advice. Once you have a good business relationship with the banks, and have good credit, then it will be easier to get investors. Once your business starts gaining credibility, investors will come.

Lostvalleyguy
02-28-2014, 04:22 PM
Get a credit card or two, a store card as well (they are usually the easiest to get). One of the things looked at when aiming for a loan is your credit history - no history = no loan. The longer you have had the cards, the better it can be for you.

Use your cards. Don't max them out, but rather, limit their use to 15-20% of the credit limit. Pay them off - On time and in full! You should not incur interest charges when you do this. Showing that you can be responsible with credit will help you when it comes time for a loan. You need not use every card every month but keeping the cards active can help.

Don't keep increasing your credit limits or applying for new cards. When you apply for new cards or increase your limit, it can count against you. More credit means a greater risk. Periodically your credit card companies might offer to increase your limit (you have shown some responsibility and they want to reward you - er make more money from the merchants you transact with) but ask yourself if you need the increase before accepting. More credit isn't necessarily a bad thing, but if you don't need it, don't do it.

Finally, use the credit cards as a convenient way of paying for things that you already have the money to buy. Think of the card as an alternative to carrying around cash rather than as way to buy something you can't afford.

crucider
02-28-2014, 04:33 PM
A decent way to build up your credit score is to use it like a debit card. Only use money you have and pay off your credit card at the end of the month so it's basically using a debit card but not having to pay right away. That way you won't be in debt, and you'll be able to build up your score. Slowly, but surely.

DwightDuncan
12-06-2014, 04:54 AM
The best way to get credits is to pay all your bills on time. If you will maintain this then your credit score will always remain perfect.

MichaelXH
05-14-2015, 01:16 PM
Best advice is to open a card and use it for limited purchases that you know for sure are within your means. A lot of kids mess up with credit cards in college. At least you didn't open and blow through four predatory credit cards, that happens a surprising amount and leaves kids with big debt and terrible credit.

If your credit is poor, or if you want to build up credit on a business credit card (http://fitsmallbusiness.com/best-small-business-credit-cards/), you can always try a Business Secured card. These are specifically designed to help you repair and build up credit without too much risk.

andrew2510
03-23-2018, 07:09 PM
Hello,,please how do u access this loan?

Xenox999
03-24-2018, 06:06 PM
the best way to get credit, it's don't get it

John S.
04-17-2018, 12:46 AM
Such services as Cash Advance (https://plscashadvance.com/) are really helpful, it may be so that you find yourself in a problematic situation connected with money and you need some help as soon as possible, I`ve always thought that it`s unnecessary to look for help of such services, they give you money really quickly and no problem follows you after that!

mithras123
04-18-2018, 02:06 PM
You need good plans for it and take your time, don't be to fast on it.

Theindiansun
04-19-2018, 02:04 AM
Things must have changed since I was in college. Credit cards made it very easy for college students to get credit cards. I had both a Visa and MasterCard before I was a sophomore. There wasn't a billboard on campus that didn't have plenty of credit card applications. I also had a couple of department stores.

If you're just starting out, I would go with a retail store card. They will give you a small limit, but that's okay. They will increase you limit fairly quickly. If you have a cell phone, then it's likely that the cell phone company will report your payment history.

I would highly recommend joining a credit union. They are smaller and more personal. It's very easy to establish credit with them and their loan guidelines aren't ask strict as a regular. Plus a much lower interest rate. Open a savings account. When the balance is at least $500, get a secured loan against the savings account. Pay it back on time or early.

I do agree with it. You should do this, don't go for so much investment start step by step.

vs6534640
05-21-2018, 02:27 PM
BANK GUARANTEE - BG - STANDBY LETTER OF CREDIT - SBLC - FOR LEASE AT THE LOWEST RATES AVAILABLE:


We deliver fresh cut cash backed lease bank instrument (BG / SBLC) to you in accordance to our terms and condition. Our bank instruments can serves as collateral as the case may be, which will enable you get loans from your bank so as to embark on any projects such as Aviation, Agriculture, Petroleum, Mining, Telecommunication, Construction of Dams, Real estate, Bridges, Trading, Importing and exporting and Other Turnkey Project (s).

Also these instruments can be put in PPP, etc. Please do let me know your willingness to proceed and I will email you our terms and condition upon request.

Contact :Thomas Bergen
Email: ThomasBergen@financier.com
Skype: ThomasBergen@financier.com
BROKERS ARE WELCOME & 100% PROTECTED!!!

john abbart
05-23-2018, 11:58 PM
Apply for a secured credit card. If you're building your credit score from scratch, you'll likely need to start with a secured credit card. ...
Apply for a credit-builder loan. ...
Get a co-signer. ...
Become an authorized user on someone else's credit card. ...
Get credit for the rent you pay.

rosstaylor
09-07-2018, 12:58 AM
Five ways you can establish credit
Apply for a secured credit card. If you're building your credit score from scratch, you'll likely need to start with a secured credit card. ...
Apply for a credit-builder loan. ...
Get a co-signer. ...
Become an authorized user on someone else's credit card. ...
Get credit for the rent you pay.

FlorenceKling
10-04-2018, 03:52 PM
Start with a short (a few weeks) trip to SV and attend all the tech events there. Network and talk to people. Don't push it too much to get access to top angels and VC's right away, it will take time. Better to start with contacts with other entrepreneurs and founders, hopefully those that have already been funded, and approach angels and VC's through them.

Astellas
01-06-2019, 01:44 PM
Five ways you can establish credit
Apply for a secured credit card. If you're building your credit score from scratch, you'll likely need to start with a secured credit card. ...
Apply for a credit-builder loan. ...
Get a co-signer. ...
Become an authorized user on someone else's credit card. ...
Get credit for the rent you pay.

Lemans
01-06-2019, 02:51 PM
For starters, you can get a loan in https://paydayloan.network/cash-advance-loans.html. In the bank, I think you will not be given a loan, because you will have nothing to give it, because you study and there is no work yet.

mariahales
09-24-2019, 05:44 AM
Asking your bank to give you a credit card with some limit on it. Try to do shopping, pay your gas and utility bills with your credit card and then pay it back. It will help you in building up a good credit history. After that and your graduation you can apply for a business loan (you need to provide business plan). There are good chances that you will be approved for business loan easily. Make a good name in the credit industry and earn benefits. Another way is to go to the financial planners in your area and discuss about your current assets and financial situation and a good plan to build credit history legitimately.

jjackevans
10-23-2019, 11:42 AM
Many depends on what exactly credit do you need, for what purpose and where do you want to get it. If you need it for business I think you will need business plan. Better will be to search info on some banks websites. If you want to get online loan it is more simple. With such services like http://payday-loans-cash-advance.net/NC/ you can do this very fast and you don't need many documents.

Lans
10-28-2019, 11:19 PM
There is a very good and affordable way to get lending money online (https://cashcat.ph/) in the Philippines. Now many people have already appreciated the quality of this service and they have a very fast loan processing. All operations are available online and even from home you can not leave.

shanerobert
10-29-2019, 02:18 AM
Hi,
If you had a personal bank account you can get a credit card. If you don't have a personal checking account then apply for a bank account 1st and so apply for a Mastercard with the low limit at first and create payments with the credit card to create up your credit history.

raviseo1
10-29-2019, 12:06 PM
thanks for sharing with us
http://www.drdeepashuneurosurgeon.in/blog/spine-surgery-surgeon-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/spine-surgeon-specialist-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/back-ache-paralysis-treatment-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/cervical-disc-pain-treatment-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/brain-tumor-treatment-in-jalandhar-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/head-pain-treatment-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/back-ache-treatment-in-jalandhar-haryana/
http://www.drdeepashuneurosurgeon.in/blog/spine-neuro-surgery-hospital-in-jalandhar-himachal-jammu-kashmir/
http://www.drdeepashuneurosurgeon.in/blog/best-spine-specialist-doctor-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/neurosurgeon-spine-pain-tumor-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in

angelium
10-30-2019, 07:20 AM
My suggestion for you that just stay away from credits. its nothing just a headache.

raviseo1
10-30-2019, 12:48 PM
Thanks for sharing with us
http://www.drdeepashuneurosurgeon.in/blog/spine-surgery-surgeon-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/spine-surgeon-specialist-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/back-ache-paralysis-treatment-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/cervical-disc-pain-treatment-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/brain-tumor-treatment-in-jalandhar-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/head-pain-treatment-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/back-ache-treatment-in-jalandhar-haryana/
http://www.drdeepashuneurosurgeon.in/blog/spine-neuro-surgery-hospital-in-jalandhar-himachal-jammu-kashmir/
http://www.drdeepashuneurosurgeon.in/blog/best-spine-specialist-doctor-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/neurosurgeon-spine-pain-tumor-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in

seoweb
10-31-2019, 01:49 AM
Become an Authorized User on Someone Else's Credit Card.

Get a Secured Credit Card With a Higher Credit Limit.

Ensure You Pay on Time Each Month.

Keep Your Credit Card Balances Low.

Before You Start.

Abstain from Taking on Too Many Credit Cards.

Avoid Purchasing Tradelines.

TitleloanSC
11-08-2019, 11:46 PM
Hello everyone. I am 22 years old and I am still in college. I plan on trying to start my own business once I graduate. I know that I will be needing to borrow a large amount of money, but I don't even own my first credit card yet. I really wish that they had taught you how to do this in school or in college, and now I feel as if I am a late bloomer and that I should already have some credit built up. I heard from somebody that maybe I should just start with purchasing gas on my credit card and then pay it back, so that is my first plan. How did some of you first establish credit and what are maybe some good credit card companies that I could go with to start off? Any help would be much appreciated!

Using your credit showing wisdom and responsibly is what helps you to keep up a decent score. apprehend What Goes Into a decent Credit Score. Martin Dimitrov/iStock. Pay Your Bills on Time. Keep Your master card Balances Low. do not shut recent Credit Cards. Manage Your Debt. Limit Your Applications for brand spanking new Credit. Watch Your Credit.
Well Thanks Spiff

jacksonsamy2
10-19-2020, 02:51 AM
Pay Your Bills on Time. ...
Get Credit for Making Utility and Cell Phone Payments on Time. ...
Pay off Debt and Keep Balances Low on Credit Cards and Other Revolving Credit. ...
Apply for and Open New Credit Accounts Only as Needed. ...
Don't Close Unused Credit Cards.

amelyjcob
10-21-2020, 07:46 AM
Is 600 a good credit score?
Your score falls within the range of scores, from 580 to 669, considered Fair. A 600 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

raviseo120
10-23-2020, 11:46 AM
thanks for sharing with us

totalsolutiontrust
04-02-2021, 08:29 AM
The best way is to build a profile for fundability. To know more about this, You can check me at Total Solution Trust. (https://totalsolutiontrust.com/) I might give you a free credit strategy (https://totalsolutiontrust.com/book-appointment) to build your credit profile.

homeocare
04-03-2021, 12:45 AM
thanks for sharing with us

shunny0007
04-19-2021, 04:53 AM
As you have no credit rating at the moment you won't have access to many types of credit cards so go out and get whatever you can to get started. Don't worry about looking at the rewards or loyalty schemes, or the interest rates (which are going to be high for you) just find a credit card you qualify for. People often worry about getting credit cards with high-interest rates but providing you settle the bill in full it doesn't matter whether the interest rate is 1% or 50%, you won't be paying anything, providing you pay the bill in full.

Tally Prime (httphttps://cevious.com/tally-prime/) | Download Tally Prime (https://cevious.com/tally-prime/)| Buy Tally Prime (https://cevious.com/tally-prime/)

shunny0007
04-19-2021, 05:12 AM
While money doesn’t grow on trees, there are a number of ways you can seek funding for your business—some more traditional than others

Tally Prime (https://cevious.com/tally-prime/) | Download Tally Prime (https://cevious.com/tally-prime/) | Buy Tally Prime (https://cevious.com/tally-prime/)

Bigil
04-19-2021, 10:07 AM
If you are intending on trying to gt a lot of money in the future you need to start building your credit card rating as soon as possible. The easiest way of doing this it so get a credit card, use to live on for the month and then pay the bill at the end of the month. You need to make sure that you settle the bill in full at the end of each month otherwise you are going to incur interest, and the rates on credit cards can be high, which is going to cost you.

master007
04-20-2021, 11:37 AM
I don't know how much you already have but it's normal that they need you to have at least 30-50% of what you are asking for.
Please don't use credit cards to get more money. They charge high fees for debt and will pull you in even deeper.

lishmaliny
04-21-2021, 07:30 AM
Deserve® EDU Mastercard for Students: International Students.

homeocare
04-27-2021, 05:23 AM
Thanks for sharing with us

Dilan
04-28-2021, 09:03 AM
what type of loan do you need?

Dilan
04-28-2021, 09:03 AM
you should find a reliable organization for this

Dilan
04-28-2021, 09:04 AM
do you think taking out a loan is not risky?

Dilan
04-28-2021, 09:04 AM
Pay bills on time.
Make frequent payments.
Ask for higher credit limits.
Dispute credit report errors.
Become an authorized user.
Use a secured credit card.
Keep credit cards open.
Mix it up.

Tayra
04-28-2021, 09:17 AM
in the modern world, many organizations can give you the necessary amount of money on credit in a few hours. you do not need to fill out a large number of documents for this and spend a lot of your time. I regularly take loan on compacom.com (https://compacom.com/). this organization provides good credit conditions and I am pleasantly surprised by their high-quality service. if you need money, they know how to help you

Lirena
04-28-2021, 09:20 AM
Building credit can be tricky. If you don’t have a credit history, it’s hard to get a loan, a credit card or even an apartment.

But how are you supposed to show a history of responsible repayment if no one will give you credit in the first place?

Several tools can help you establish a credit history:

If your aim is to get a credit card, you could start with a secured credit card or co-signed card, or ask to be an authorized user on another person’s card.

If you want to build credit without a credit card, you might try a credit-builder loan, secured loan or co-signed loan. There are also ways to use rent, phone and utility payments to build credit. Some of these ways are free, others carry a fee.

jeff2021
04-28-2021, 06:19 PM
a suggestion that I heard recently for quickly building your credit.
1) obtain a secured credit card (i.e. one that you have to put $500 to $1,000 into a security account to ensure you will pay)
2) only use that card for monthly recurring charges you may have (i.e. gym membership, netflix subscription, cell phone bill, etc)
3) calculate what the monthly amount that will be due each month (the sum of your gym, netflix, cell phone etc) and set up your bank to autopay your credit card in full each month

This will help establish that you are a responsible borrower and pay off your bills each month. Once you can qualify for a non-secured credit card, get one, and switch over your recurring charges to that new card. Cancel the secured card and set up your bank to automatically pay your charges.

hope that helps - cheers

RaniaRanii3
05-03-2021, 12:32 PM
1. Take care of bills on schedule · 2. Make regular installments · 3. Request higher credit limits · 4. Debate credit report mistakes · 5. Become an approved client · 6. Utilize a got credit