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| *Ostroff, Fair and Company>>>Credit |
How do I know whats wrong with my credit? |
I am 19 years old and I haev tried to get some credit facilities since I was 18. I decided to get a copy of my credit file because I have been refused credit. But the funny thing is, I got 3 credit reports from 3 of the top reference agencies (Call credit, Equifax, Experian) and there is nothing negative on my credit file, No CCJ's, nothing from CIFAS, no insolvenvies, no bankrupcies, no missed payments and I have active accounts, So what the hell is wrong? I've been told it's my age and I should try and become credit active but how do I do that if I am being refused credit all the time? Try obtaining credit from department stores, get a line of credit overdraft protection at your bank and use it very sparingly as this will report to your credit, try Capital One as they are very easy to get a credit card through with a $300 limit. This will help establish and build your credit. Most financing companies want to not only see no derogatory credit but an established credit history to base a decision upon. The above steps will help you establish your credit history. Revolving debt is very important because creditors can tell a lot by looking and reviewing how you use your revolving debt. There is also a method known as piggybacking credit that you can try if you know of anyone willing to assist you with this method. Read the blog listed below about credit building and it should provide you with some very valuable information on piggybacking as well as credit building and rebuilding. Source(s): http://fshomeloan.com/index_files/mortga... (credit building information) some times u cant get credit without a credit history.i.e you've never had credit so they don't have anything to check against and they won't give you it coz they don't no if you are a good payer. Best to start by getting department store credit cards. They're easier to get than major credit cards. Every time you apply for credit and are denied, it shows up too so be careful. if you're a student you can probably get a student credit card through Visa or Mastercard. Otherwise it's best to start at a department store like Target or Kohl's cause usually they'll give you one of those with no credit as long as you have a debit card :) also, you are entitled to a free annual credit report from the government, so please don't use one of those credit tracking free trials to get your free credit report. go here: https://www.annualcreditreport.com/cra/i... It is your age. Do you own a car? If so is it in your name or your parents? Get it put in your name if you can. Also, ask these people, and explain what you just did above, that may change. Also, TransUnion is another agency to check, but if these three are fine that one probably is too. Also, if you don't, get a checking account in your name. That will help build credit. Hi,apply for a credit card pay it off quick also apply for a catalogue.You can purchase a couple of items if you know some one who runs a catalogue order out of that this will give you a credit rating.All you do is pay them off quick.Good Luck |
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