keep getting turned down, There is no one I can piggy back, i asked my personal bank and was declined due to limited credit history.....i keep thinking of premier card but i am afraid of the stories i have read. I have been dclined for hooters, cap one, credit one, target and so on HELP!
1. Open a savings account with a Credit Union that offers Secured Loans and Secured Cards (can do this with just $5).
2. Deposit $50 per month for 6 months. Then apply for secured card or loan then.
3. Open a savings account with a Credit Union that offers CREDIT BUILDER LOANS. A credit builder loan is a savings secured loan, but they loan you the money to put into savings first. In other words, the loan proceeds are put into savings as the collateral. Once you pay off the loan, the savings balance is yours.
However, if you can't afford to save $50 or make a loan payment on a builder loan, then you really should not be applying for credit.
Follow my advice in this thread:
The sad truth is, if you do not have enough discipline to put away 50-100 bucks a pay into a dedicated 'credit repair' savings/checking account- then you do not have the discipline to have a credit card. Credit is a priveledge and transaction built on trust.
You are wasting valuable inquiries on juk cards- and at some point you will be getting turned down for too many inquiries. There are cards you can get wil huge fees- but why pay the fees if you can apply the same amount to a savings account, while building that trust.