Credit Card advise

[lllollolll]

just went to Citi and looked to see if he pre-qual. The response was nothing on file. Am looking at the forward card option now. Does it matter that he is not a college student ?

[lllollolll]

https://www.accountonline.com/cards/acq/acqNext.do?SYNC_TOKEN=3bdac9fcb81b20c324a4bb73369dcd67

Is this what you're referring to ?

[Creditaddict]

DO NOT apply for the student card, especially if he is not a student...

Maybe we should take a quick pause and spend the money to go get his Transunion credit report and score from here at myfico... then report back and we can see where to go!?

[lllollolll]

His TU is simple

658

1 open account ($981)

0 lates

nothing negative

2 months credit history

i'll check is myfico now, but he has 2 open accounts (car and bedroom set). The car should be showing on his EQ

[SSA_2013]

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@Creditaddict wrote:

DO NOT apply for the student card, especially if he is not a student...

Maybe we should take a quick pause and spend the money to go get his Transunion credit report and score from here at myfico... then report back and we can see where to go!?

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Yes, DO NOT apply for a student card if he isn't a student. Now this makes for a thinker. What bank does he currently deal with?

[Creditaddict]

Who is the car with?
And I second who does he bank with?
2 months might be issue and no Fico.

[lllollolll]

he uses GE Money Bank (Walmart Money Card) but will be going to the State Employees Credit Union this week to open a traditional Checking and Saving

Just tried to check FICO, FICO did not have a score available for him, called and spoke to CSR and was told FICO requires 6 months credit history before they can calculate a score

[lllollolll]

His car is locally financed, however the company reports monthly. We know this as my wife and I have bought our last 5 vehicles from the same place

[Creditaddict]

But here pay here?
He has access to a state credit union and you didn't start there! RUN Monday, the while family if you are not members... Join and stop applying for credit.
He needs to wait the 6 months and only be looking at this credit union for both checking/savings and credit card.
Do I want to know the interest on this car he bought?
My google on the furniture store look equally as terrible.
Hopefully this credit union can be a positive step in the right direction to get away from these secondary financing things he send to have 2 of before even having a credit score!

[Elcid89]

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@lllollolll wrote:

he uses GE Money Bank (Walmart Money Card) but will be going to the State Employees Credit Union this week to open a traditional Checking and Saving

Just tried to check FICO, FICO did not have a score available for him, called and spoke to CSR and was told FICO requires 6 months credit history before they can calculate a score

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With a file that thin, he's going to run into issues with any major CC lender, IMO, especially if he's too short to even calculate a FICO.

Best advice is to have him speak with the CSR when opening his accounts at the credit union. They may be willing to open a CC account for him, or, alternatively, give him the opportunity to open an secured CC account (prefereably one which graduates).