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why is it so hard to establish credit |
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Date:
September 4, 2006, 6:55 am |
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why is it so hard to establish credit |
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Answer:
It depends on the credit you want to establish. If you have no credit history or bad credit, you'll never be given a large sum of money, and you are very likely to be satisfied with a secured credit card. Banks and credit companies are afraid of your possible denial to pay off your balance, so, simply said, you have to gain their confidence by your responsible behaviour. Begin with small credits , pay them off in time and win the right to have beneficial credit cards to be able to afford more. |
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