: I just turned 18 and i’ve applied for that Apple Juniper Visa card and was declined?
I was declined because of insufficient credit history, later about a month later i Applied for a Vise Chevron card and also was declined of one because of “insufficient credit history”
1st Is me applying for cards like this affecting my Credit History?
and what can i do to start building my credit history!
Answers and Views:
Answer by Eric Cartman
working and paying bills that are in your name will build credit , maby put the cable bill in your name to start or you can try getting a gas card from a QT that will help your credit a little.
You can build up your credit with a prepaid card read here www.vrtmg.com/rlunsford to find out about it.Answer by jlf
https://credit.about.comAnswer by legs
Are you on Electoral roll (registered to vote)? Also have you any bills in your own name this can help. If you have a bank account you could ask your bank if they offer a credit card & can you have one. Someone who has never borrowed any money will have insufficient credit history no matter how old they are. Don’t keep applying for credit as this could damage your record due to the searches which show up for 6 months.Answer by B
Yes it is affecting your score, the more you apply and get denied the worse it looks, so don’t apply anymore until you either build up a little credit (furniture payment, cell phone, etc.) or try a secured card, or and don’t just run and apply, orchard bank offers credit cards with less than perfect credit also hsbc bank does too. I built my credit up good enough to purchase my new house with just those two credit cards and a furniture bill, I had bankruptcy on my credit (and still do) and two collection accounts, so it works it just takes time, don’t give up its alot easier to build credit from nothing than to fix bad credit. I now have good credit and can basically get anything I want (and those things are still on there) all from two little credit cards.Answer by ?
“Problem with credit history is that a no credit history is quite equal to a bad credit history . Having no credit history work against you just as much as a bad score. Since the credit card companies have no reference point to forecast how you will handle your credit account.”
Try building some credit history with getting a secured loan, a student loan with co-signer or a secured credit card.
Then wait for six months and apply againAnswer by miss women
You dont have enough established credit to get approved.Answer by Dixie Darlin’
Stop applying for the credit cards and establish your credit history.
If you have no credit history, you need to establish your credit. Go to your bank, open a savings account, save until you have $ 1000.00 in the account. Tell your banker you want a loan against the savings account, repay it in 12 months. Take the money from the loan and put it in your checking account to repay the loan.
Tell your banker you want a secured credit card, open an account with $ 200 – $ 300 dollars for the card. Make sure and make your payments on time each month, paying off the card in full.
After a few months, you should be able to apply for a unsecured credit card.