75 People Helped
Member Since: January 2010
credit can actually be good if you work it to your advantage. its your own fault that you didnt pay your bills and were irresponsible and not everyone has the means to save up $300,000 cash to buy a house...thats why there is mortgages for people to be able to own a home in time as long as they are responsible. if you want nice things in life you have to have credit unlike you where you put yourself in a hole that you cant get out of.
tsquad131's reply was:
cell phone companies dont report your on-time payments so it will not improve your score but if you do not pay your bill they will report it thus lowering your score. Credit cards are the best way to build your credit very easily
tsquad131's response was:
piggybacking doesnt help your score anymore for the authorized user unless they are obligated on the credit card agreement to pay basically as a cosigner. They stopped this in 2010.
hardeight you are giving false information. there is no difference and no preapprovals and preselected are guaranteed and no they dont have to approve. you are just more likely to be approved than most people because of "some" information that was seen from your credit report they didnt look at the whole thing only some info
Approved with $500 limit, have another card already with Capital One with a $750 limit. Have 8 accounts total including this new card. Pulled Transunion which is the CK score, had 6 inquiries, CK Score of 670. Utilization is 18%. 10 month credit history. This is a pretty decent card overall, never had a problem with Capital One. No annual fee. I would recommend this card to anyone who isnt going to carry a balance or else it will kill you in interest. 23.9% is ridiculous
the mutiple inquiries will stay there nothing around that but the ding your score will take will hurt it as if you only applied once and other lenders will see those inquries on your report in such a short period of time and know that you were car shopping and searching the best rate instead of assuming the worst when applying for new credit as if you were credit hungry and trying to overextend yourself
your credit scores say everything about how well your ability to pay your obligations on time. you should work on paying down all of your debt and open a secured card in your name to build your credit to show lenders you can pay your bills on time and after a year you should be able to get a car loan without a cosigner granted you pay everything on time and boost your score
the OP needs a car to even get the job to get money and it doesnt sound like he/she has any money to put down
yeah your car loan might not be reporting to all the credit bureaus better to check and see
check your local credit unions they always offer the lowest rates and are more lenient than banks to help you get lower rates and save money