I know you feel a large combination of feelings (probably includes some embarrassment) but I think the best advice here is to take some deep breaths and let this one go. The damage from this situation is minimal, and will be completely eliminated in 2 years (the inquiry).
Just as any salesman would, this person talked you into doing something that was in their best interest, not yours. While not fair, it's a lesson worth learning for you and may have even steered you towards a better source of information, US!!!
So let's talk about the future: as a credit builder myself, I can tell you that your next year or two will be frustrating, but will end in some fantastic results if you use credit responsibly. Your goals should be to develop a long term plan, and stick to it. The plan should involve getting a starter card, such as a secured card or a student card. Are you a student? Then, you should pay on time for that card EVERY SINGLE MONTH. That ones a no-brainer, but I also think you should consider paying in full to avoid interest charges. That's a little less intuitive but will help your wallet. Try not to out spend your means. Then after you have acquired the one or two starter cards (it may take a few denials to get that far) you should sit on your hands for about 6 to 12 months. Then you can start trying for the cards you really want. Once again, there will be some denials, but if you repeat this process every 6 to 12 months and keep paying your bills every single month, there should be nothing but sunshine in your credit future.
Good luck! And please stick around and read these knowledgeable threads, especially the stickies at the top of the home page. If you have questions, feel free to ask.
@ccnewcc wrote:
@jsickz32 wrote:
Dont bankers get paid for applications? Also how long you been banking with chase?Yes. And for bank accounts and other products and services. I have a friend who was lied to by a Chase banker, then we learned that he worked on commission, so no wonder.
And ever since then I have always had a bad taste in my mouth about chase.
Many (but not all) banks give incentives to employees for meeting or exceeding sales targets. Most of the time they start with a reasonable salary as well, so its not necessary for them to sell to EVERY customer that walks in the door, but there is certainly an incentive to sell when they can. Something not everyone knows, but internally many banks refer to their branches as "stores" because that is really where the sales happen. I think one of the biggest problems at the branch level (as many here have pointed out with phone CSRs) is the lack of knowledge. I met a personal banker for a to remain unnamed large institution at a bar last weekend, and he proceeded to tell me that his degree was in public relations and his only other job was working on a farm. While I am sure he is a smart person, his lack of financial experience shocked me considering the reliance others have on his advice every day. So that's something we all will run into in our lives. Our best defense is to be prepared when entering a situation like that, which we do through this forum.
You can't get the Freedom without at least a year of solid hitstory or it is very hard. What you could do is apply for a Capital One Cash Rewards for Newcomers or BankAmericard Cash Rewards™ Credit Card for Students , they are both good cards that are gonna build you some history and then you can ask for limits increase and/ or product change later and add more prime cards...Until then get these cards, pay them on time and keep utilization below 20%, 6 to 12 months, you'll have score in the 700's
Starting Score: 580