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Is there any one Credit card company that tends to approve people who have a bit of debt and no credit history?
I'm a responsible person. I own my car, I have two full time jobs, and rent my own apartment. I unfortunately owe a couple hundred bucks in debt. And have past ((Paid off)) on my credit history. And have absolutely no credit history. Never had a credit card, no loans, no anything. SAD!
I've tried those....I've been denied for over 10 retail credit cards, and the last one I applied for they said the biggest reason was because I had so many inquiries and "that says something".
I'm not suggesting you go out and buy a new Caddy, any loan you could take out on the vehicle you own wouldn't exceed the current value of the vehicle. In my case, for example, it was in the $8,000 ballpark. That spread out over 5 years was pretty doable.
I'm not suggesting you go out and buy a new Caddy, any loan you could take out on the vehicle you own wouldn't exceed the current value of the vehicle. In my case, for example, it was in the $8,000 ballpark. That spread out over 5 years was pretty doable.
I can't afford a $2,000 car. That's my point. I don't need a new car, I need credit.
You may want to also look into secured credit cards. This requires you to pay a low annual fee (around $30 - 40), and then place a deposit with the lender, which amounts to your credit limit. I know you're in a financially tough spot, but it may not be a bad idea to start building credit. Usually, after about a year, you're able to apply for a regular credit card.
Someone mentioned credit unions, which is a good place to start looking for secured credit cards.
...or you could find a good friend who'll let you piggyback off their cred card.
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