Credit cards.

ohilysm · #1 Oct 25, 2006, 10:24 PM

Does anyone know of a credit card company that would pre approve some like me. I have a loan out for my car, but the first payment isn't due for a few more weeks so only the balance is on my credit report. I still don't have a score or anything for them to base anything on. I've tried a few credit cards but I keep getting denied and the reason is there's nothing in the credit bureau. I have no credit at all and I need to build some up. I've been told that the best way to do it is thru big purchases and paying them off on time. So, I have a new car in my name but I'd still like a credit card. Any suggestions?

RickJ · Oct 26, 2006, 03:19 AM

First, you need to stop applying for now. Those multiple inquiries - with no resulting account set up are hurting your score.

You need to wait 6-12 months and see what offers come in the mail.

Prompt payments on the car loan will achieve your goal of building up your credit score.



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