Where could a person with no credit find a credit card?

Answer

Small, regional banks or credit unions where the consumer can begin a financial relationship are often a great place to start. If the consumer does not have a bank account, or cannot open one at the present time, they need to ask what steps to take to begin the process.

A good way to begin building a credit history is with a secured credit card. This type of account requires a deposit, usually 75%-100% of the credit limit, which "secures" any purchases made on the card. It is possible to get a secured credit card with no credit check.

Other ways to build credit include low-amount personal loans, automobile loans, and student loans.

Answer

If you have no credit simply because you haven't built it up yet, then go to a department store and get a charge card from them. Be sure that you make your payments on time and have a squeeky clean payment record. Then you can apply for a Visa or Mastercharge.

If you have been in debt and this is the cause of not being able to get credit you may have more of a problem. If you are completely out of debt and paid back what you owe, phone a credit card company, take out a credit card for the lowest amount, be sure you pay all payments on time, then up the balance more when it is suitable for the credit card company. It takes time, but well worth it. Be very careful of the credit card web .. one can get caught up in it like a fly in a spider's web.

Good luck Marcy

First answer by anonymous. Last edit by Marcy. Question popularity: 24 [recommend question]