If you have never had credit but every credit card you apply for turns you down how do you get a credit card?

Answer

First of all, stop applying for credit cards. Each application causes an inquiry into your credit, which will be a factor in your score for 12 months (in regards to credit) and 24 months (in regards to insurance). Find out why you are being denied and ask BEFOREHAND if that particular lender will grant someone with those circumstances an account.

You can begin by opening a bank account. Having an on-going relationship with a local bank is an important step. You can often approach that institution for your first credit account. One of the best ways to begin is by requesting a secured credit card. This type of account is less risky for the lender and therefore much easier for a consumer to obtain. Other ways which offer consumers an entry into credit are: Car loans, student loans and small personal loans, especially when secured by a Certificate of Deposit or a savings account equal to, or larger than, the loan amount.

There are also alternative sources of credit that many lenders will consider. These included local Buy-Here-Pay-Here business; like car lots, furniture and jewelry stores and Rent-to-Own chains. These businesses typically don't show on a conventional credit report, but can be used by borrowers on an application.

The credit process is designed to elimination personal consideration. Effective strategies for consumer's with no, or bad, credit history include putting that consideration back into the picture. Establish a relationship with someone who will have to look you in the eye to deny your credit application. It is much easier to "red-line" an application than to say to someones' face, "sorry, you don't get ...(whatever it was you applied for)..." Good luck!

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