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 34 650
You deserved it 2 901
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Top comments

idkweird 0

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.

39 1
Zwingend 15

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.

26 1

Comments

warriorsoul 2

How do you plan on generating wealth? I've never heard of a 24 yr old with no credit. intriguing situation indeed.

0 10
voidgun 0

how does getting rejected for having no history hurt your history? you have none in the first place. a conundrum indeed.

6 0
relyo 0

Because he applied for more card than he qualified for. See above.

2 0
ladyvader401 5

Yeah, OP, I know what you mean. If you do a little research online, though, you'll probably be able to find a few different cards that are intended for students (meaning people with little or no credit). They have low limits, but they're a good way to build credit. Besides, having a low credit limit is a good way to force you to use it more responsibly.

6 0
texas_justice 0

...don't worry, over the next 20 years you will receive enough unsolicited credit offers to make even Obama wet.

3 4
Deathxgrind666 0

yeah. credit is just all messed up. I hate how the whole thing works. better luck in the future. I suggest going to a credit union in your area and getting a small loan. they usually work with you and if you pay respectively, you'll have a good credit history. good luck.

2 1
kdinsfrestar 0

I lol'd :) Try getting a store card, buying a few things and then paying them off straight away. If you do it a few times eventually you should be able to get a high interest credit card designed for people with no credit rating. You should probably be able to get one of those anyway, just make sure you pay them off in time or you'll do more damage. I sound like my dad...

1 2
Erniesduck123 0

Exactly, my first credit card was from a jeweler because they accept almost anyone. I have never used it, but it still looks good, and helped me get cards from other stores, which I only use to reap the bonuses the stores gives for using a card, and immediately pay the card in full. It's not easy to build good credit when you have none, but you can do it.

2 0
sweatteaforme001 0

Same here, I credit cards from Old Navy and Macy's during college (specifically to build my credit), and a year later, I was able to get a Chase and an American Express. I too first tried to get an Amex or a Bank of America card, but was declined because I had no credit. Good luck!

1 0
winterharte 0

Same thing with jobs when you're just of age -- no one wants to hire you cause you've got no work experience, but how are you supposed to get some, eh?

8 0
MelieLovesYou 1

that sucks! but that is something you should have looked into first before applying

2 0
bigz1 0

u started building at 24 your an idiot thats y why they declined u u start building at like 17 18 19 not 24 ur better off starting small and young like getting a gas card dont wait till ur 24 and make ur first purchase a hous u are an idiot

0 10
alewiina 0

At least the OP can type coherently. Your kind of typing makes you look like a moron.

5 0
whattheballsz 0

Using improper English while calling someone an idiot is a prime example of "the pot calling the kettle black."

3 1
KiwiBlam 4

Yeah, I HATE those racist-ass cooking accessories

4 2
Hermyoni 0

Your better off without a credit card. Get a debit card with a visa option that way you can buy things online or book a hotel but it's still not a credit card. Save up for items you want and put away a certain amount a month to start padding your savings. Eventually you will be rolling in the dough while everyone else is stupidly drowning in debt because they think they need a credit card.

3 3
drpepperman17 0

I agree. Why is having a debt so important in our society? I'm a Dave Ramsey convert (if youve ever heard of him...)

2 1
msbetsy 0

Without a credit history you can never buy a car or a house, or rent an apartment without a co-signer who has credit, etc. That's why getting a credit card is important.

3 1
VoodooGypsy 2

Used to be you had to have a credit card to do certain things. But I'm pretty sure you can get by fine with a debit card. They even work if you go overseas.

1 1
blazerbum 0

Think about this. You saved up, so you have the money to buy something. You can 1) pay for it now, and be on your way. 2) I'll pay for it now while you keep your money in savings an extra month to earn interest, and in one month you can pay me back exactly what you would have spent anyway. Why would you pick #1? Also, #2 will tell other people that you are reliable and pay back your bills, letting you do this with more people for larger amounts of money.

2 0
drpepperman17 0

Well your wrong. I have a perfectly useful used car, and I rent an apartment. Not everyone (not even most) should have a full-blown house.

1 1
exoticfuck 0

well atleast now you have a credit history ?

1 2