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How come every time I apply for a credit card, my response is always that I don\'t have enough... |

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Date:
October 25, 2006, 10:51 pm |
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How come every time I apply for a credit card, my response is always that I don\'t have enough credit history? I would if someone would let me have an account with them. How can I establish credit? |
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Answer:
To establish a credit history, you can apply for a small loan or a line of credit from your bank. Getting a loan can be difficult and you are expected to make a large down payment. If you don't have cash, borrow from parents or friends. Secured credit cards can also help. Also, mind it that creditors will want to know about your financial and social status and if they do not approve of it, you will again be denied. |
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