How can I get my credit build up if no one will give me a credit card to begin with?

Question

How can I get my credit build up if no one will give me a credit card to begin with? I have never had a credit card, I bought a home and I have been paying mortgage on time. Will that help my credit? I do have doctor bills on my credit report, any ideas as to how I can get rid of them without costing me a arm and leg.

Answer 1

Absolute best way is with secured cards!  Usually once you get approved for one, as long as you don't go crazy with it, within a few months you'll be able to get unsecured cards, although for your first 1 or 2 there will probably be an annual fee.  If you are a student, look into student cards, which usually don't have annual fees, and you don't have to secure them, but they have a little higher interest rates.  

If you want to find the best way to start, Google "credit cards" and you'll find a couple of sights that will help you find the best card for you to get started with.  Be patient, give it time, you'll get there.

Answer 2

Like the other users said, you could get a secured credit card; however, you really want to stay away from credit cards period!  They are bad news; if you ever have hard times, they will pursue you relentlessly and even sue you if you can't pay.  Like someone else said, get a debit card with a VISA/Mastercard logo.  There's no need to even have a credit card if you do this.  I will never have another credit card after all I've been through with the different companies.  By the way, Capital One is the worst.  They'll give you a card easily enough, but if you ever get behind, they will not work with you and won't settle out for a lesser amount to close the account.  They also like to sue.  This is how they pay for their expensive TV commercials.  This is just my experience with them.  Keep your life less complicated and just stay away from credit cards altogether.

Answer 3

you can get a high interest rate credit card and probably have to pay a fee an annual fee ($29-$59 usually) it will probably have a lower balance.  Do that to establish a good credit history. check with capitol one.     Not sure about the medical bills.  good luck!

Answer 4

You can't get "rid" of things on your credit report unless they are mistakes so look closely at them. Try applying for an easy credit card like Orchard, Capital One or HSBC. To be honest you don't need a credit card... get a debit card with visa/mc logo or a secured card. Why do you have the need to pay interest and annual fees??? If you have a home, you don't need to go further in debt. Most people build credit for homes and cars not for credit cards. You're in a good spot paying cash for what you want. Why blow it???

Answer 5

You may have to do a secured loan or get a secured credit card.  I did mine through my credit union.  I have also read that department store cards and gas cards are a good way to build credit.  You may get a low credit limit, but over time you'll receive increases.

Answer 6

You can get a secured card....you send them $300 or so...they keep your money in an account...you charge and pay your bill on time.  Good luck on the doctor bills.  You might try to send them small payments and see if that keeps them off your back.

Answer 7

Those doctor bills will be hurting your credit for about 7 years. How much are they? If they are just a thousand or so you might try to make arrangements to get them paid off. When paid off ask the hospital/doctor to write letter to the credit bureaus stating that you paid them off. Get copy of letter for your records.

Paying hose note on time will help your credit score.

Try to change spending habits and cut your budget by $200 a month. Put that $200 in saving account. As you build up that account you can get a prepaid credit card. Say for $500 limit. As you charge things you pay it off. The bank knows they have the cash in case you do not pay.  It will help build up your score.  Keep saving the $200 a month, it is a good way to build up an emergency fund. Having a house there is always an emergency that needs to be fixed.

Use credit only when you have to.  Pay cash when you can. Do not have the "I have to have this now" attitude. Save for things.

Answer 8

there are a couple of ways you could start building credit, you could get a small personal loan which you might need a cosigner or the best way will be getting a credit cards, you could get a credit card and use it for your every day expenses but make sure you pay in full at the end of the month that way it will show pay in full everytime the credit card company reports to the credit beuros. At the begining you will only be approved for the lower end credit cards but once you build credit in about 6-9 months you should be able to apply for a better card with better benefits such as free miles or cash back. Check out www.fastcardapprovals.com or fastcreditcardapprovals.com and go under bad credit section and you will find a few choices. Unless you are a student then apply for a student credit card this cards have no annual fee and lower rates.

http://www.fastcardapprovals.com/Bad-Cre...

http://fastcreditcardapprovals.com/