Rejection

By creditwhore - 24/02/2010 19:13 - United States

Today, I decided to apply for a credit card to help build up my credit rating. It seemed smart since I'm a 24 year-old college graduate. I was rejected for not having a credit history. Being rejected turns out to hurt your credit history. The irony of my predicament is too great for words. FML
I agree, your life sucks 34 651
You deserved it 2 901

Same thing different taste

Top comments

I don't understand this at all. Credit Card companies used to have people on my college campus all the time because, since most of us didn't have a credit history, it was easier to get credit cards. Here's my advice. Open up a secured line of credit with your bank. You give them a certain amount of cash, and they put it on a card for you. That card works like a credit card on your credit score, but you don't get into crazy debt over it. It's prepaid.

Depending on who you're banking with you can get this card that is sort of your training wheels for the future. You put 200$ in an account then they give you a card with a 200$ limit to use. If you use this card correctly they will then give you a full fledged credit card. Look into it, it sucks but in the end it's worth it.

Comments

ninja4228 5

Open a secured card. The credit bureaus won't know/cAre and it will help you build credit to get an unsecured card later. Or a small loan from your bank/credit union.

Get a secured card, use it for monthly expenses, pay enough each month to keep the balance really low, and NEVER pay it late.

Go with capital one. You always get approved with them!