How can I build credit when no one will approve me?
BNM asked:
I have a couple hospital bills on my credit. I want to build up credit but not even a jewelry store will approve me for anything. So how can I get credit?
I have a couple hospital bills on my credit. I want to build up credit but not even a jewelry store will approve me for anything. So how can I get credit?
Some ways to start are to get a secure credit card (so you give them $500 and they give you a credit card with 500 limit) It may be a way to start if youre having trouble obtaining credit. Another way would be to get things with a co-signer. Sometimes thats not possibel but if you can it could help build you a credit rating fast, as long as you pay your payments. I know if i didnt have my husband id have horrible credit if any. But we get every loan, car, anything we get thats credit we get together and maintaining payments can help build this for you.
besides what the first answerer said make a paymnet plan for the hospital bills also. It takes time. Time at one job also counts. If you jump from job to job “they” don’t like that.
Here is a article that will tell you exactly what to do. Pluse there is other information on how to establish. The quickest way si to get a secured credit card with Orchard, there fees are low.
It really is quite simple.
1. Clean up your financial act. Pay off the hospital bills in full.
2. Get a co-signer. Most banks will approve you if someone else signs their name in blood. Get a small co-signed loan and pay it off quickly.
3. Get a deposit based credit card (you pay the credit card company $500.00 in deposit and they give you a credit limit of $400.00). It will help build your credit report and you are already approved for this type of card.
never be late on what you do have now ……
see if you can work out small monthly payments on the medical stuff … and DO NOT miss any payments to anyone.
get a second job and clear this debt pronto.
you have to get it so that your credit balances are less than 10% of your total income. That is ideal …. if possible. Better yet … have no debt at all.
see DAVE RAMSEY (google it) … and you can learn more …
hope this helps
Try hsbc Orchard bank, they help people with no or bad credit..
well you need to contact the colections agencies for those bills first there would be NO way, i say agian there would be NO way you can ever build any credit at all, contact them and start making payments and after a while someone will trust you and get you small credit that you can build up later on