@Bankrupt2019 wrote:I hate to seem harsh, but if you are having financial troubles. Now is not the time to be trying to acquire credit and its probably in lenders best interest to not lend to you based on your current situation. I'm sorry this is not what you want to hear, but its the hard truth.
If you don't want to be harsh, then why are you shouting at the top of your lungs?
Are you still at 533 FICO score, or did you take action to try to improve your score? That's what OP is trying to do. Try to be supportive.
As the old saying goes, banks only like to lend money to people who don't need it. While that isn't the whole story, there's definitely some truth to it. Banks want to be paid back when they issue a loan or credit card, and people who "really need the money" are the most likely not to repay them.
There are basically two major issues from your story. First, you never had credit before. That makes it extremely unlikely you'll be able to get any kind of significant unsecured credit (like a credit card). Most people need to start with a secured card or some other kind of secured loan (like maybe a car loan with a big down payment). Once you establish a positive repayment record, your score will go up and your eligibility for unsecured credit will improve.
The other big challenge is your description that you currently have a poor financial situation. Without knowing the specifics, banks want to know that you have steady income or some way to repay what you borrow. If your income doesn't support your current expenses, a bank will not lend you money because they want to be repaid.
There's probably nothing that a bank will do to help you in your current situation as described. The best you could do is start planning for the future by establishing a secured card, making consistent payments for 6+ months and building relationships with banks you are interested in.
@NRB525 wrote:
@Bankrupt2019 wrote:I hate to seem harsh, but if you are having financial troubles. Now is not the time to be trying to acquire credit and its probably in lenders best interest to not lend to you based on your current situation. I'm sorry this is not what you want to hear, but its the hard truth.
If you don't want to be harsh, then why are you shouting at the top of your lungs?Who's yelling?
Are you still at 533 FICO score, or did you take action to try to improve your score? That's what OP is trying to do. Try to be supportive.
No I've taken steps and improved my scores. I am however in a position to do so. The OP,by his own admission, is having financial troubles. Being in financial distress and applying for every credit card under the sun is not a way to improve your credit and get to where most of us are striving to be. It's a sure sign that further problems are imminent. I've been there. I was being supportive by suggesting that the OP is about to get further into trouble.
Sorry, Chase will not play at your score level. Try a secured card or two to build your credit profile first. There are many valuable suggestions in the Rebuilding forum. Visit and absorb as much as you can. Good luck.
@Anonymous wrote:
why you play I am serious want credit from the chase bank.
enough with the snide remarks. If you dont want to help the OP then just move on. We are not here to judge anyone and its not going to be tolerated on this board. I strongly suggest that our TOS and User Guidelines be followed. I thank you for your understanding.
http://ficoforums.myfico.com/t5/Credit-Cards/Forum-Etiquette/td-p/2905196
