FAQs about Credit Cards for People with No Credit History

First off let me say congratulations. The move towards a secure credit card means that you have had poor credit management in the past before, and you are attempting to reconcile your differences, and put your best foot forward for the credit card issuers. Well, now they’re asking for things that you might not have [...]

Eighty-four percent of college students have at least one credit card. According to a 2009 study by Sallie Mae, the average college student is approximately $3,173 in debt. As each year in college passes, so does the average student debt. On average seniors have more debt that the average student. Their debt sits at around [...]

If you’re new to the credit card market, or even if you’ve been here for a while, shopping for a new credit card can be a long and painful experience. In between all the fancy offers, glossy promotions, ‘instant rewards,’ lie high interest rates and hidden fees. Here are some types of credit cards that [...]

Can one even survive without a credit card in the year 2011? It seems that it’s almost impossible to be without one. A very long time ago, cash was king. Now, cash will not get you everywhere (some places yes, but most places:  no). Take into consideration the whopping fact that many hotels, cruises and airlines [...]

Ironic though it may seem, getting credit cards is dependent on credit history and building credit history is dependent on credit cards. Obtaining a credit card without credit history is a task that is easier said than done. After the economic downturn, banks are very specific about the people to whom credit cards are issued. [...]

Credit history determines the creditworthiness of a person. Having no credit history will put the lenders in a fix. When you are applying for a credit card or a loan without having credit history to your backing, lenders will not be able to decide whether you will repay your debts on time or if you [...]

When you are a student, buying a car is a big step in establishing your independence. But with no credit history and no decent income proof, getting a car loan can be very difficult. And if your parents are willing to help you out, it’s a great thing but if not it can get very [...]

There may be certain times in your life when you will need a sudden influx of cash. This may be due to pending bills after a month of splurging or it could also be due to an emergency situation in your family like a medical condition. In such situations, you need not worry anymore. You [...]

There are so many youngsters who go away to college and want to have the means to spend as they like and on their own. Credit cards are an excellent opportunity to learn how to spend money in a limited manner. If you practice spending in a controlled manner, you can make sure that you [...]

Many immigrants who come to the U.S. dream of a better life and better living conditions etc. However, their credit history is most often not accessible since laws relating to credit information vary from one nation to another. Thus it becomes imperative to have the necessary set of documents in order to build up a [...]