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
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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

OperationNicole_fml 0

You deserve it, you should have started trying to build credit like 4 years ago.

0 0
Asstazztic 8

YDI for not starting at 18

0 1
jjhadder 0

getting rejected doesn't hurt your credit. but, inquiries hurt your score.

0 0
Devyn333 16

Obviously not too great for words. You just told us..

0 0
lordsnookie 0

oh, that does suck! i am 24, no college but i work and live on my own, no car (walk everywhere) and havent had a credit card either. i dont know how you paid for college without credit when i cant even get a car without it, but i feel your pain. knowing you will be turned down for a card bc you have no history reminds me of when i was trying to get my first job so many years ago and was told i "dont have enough work experiance"...no shit, im looking for my FIRST job! it's just one big annoying circle of BS

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Alex_Lima 2

That's not irony, its a catch 22.

0 0
balzacthegreat 0

they did you a favor, credit is for suckers

0 0
corme_fml 0

For people that can't budget..... and maybe someone that lives on a farm...

1 0
perdix 29

Irony too great for words? Your college degree must be pretty useless, because Joseph Heller nailed your situation pretty well in "Catch-22."

0 0
amiamida_fml 0

Had to start building credit at the ripe old age of... 30. Well it wasn't easy. I used a couple of prepaid cards for a bit, then got a car loan at an atrocious rate, but I knew it was for the greater good. Never missed payment, then after one year I applied for a regular credit card and got approved at a decent rate. Another year, and I got a Home Depot line of credit, very useful for my job. I've used my credit extremely responsibly, only charging when I knew I could pay it off immediately if I wanted to. Three years after starting from nothing, I have a 735 credit score, and it keeps going up. Not bad. You can do it too OP! Credit IS evil, but it's a necessary evil. You need to have it not because one can't live without borrowing money, but because it can make a great deal of difference for things like renting a place or getting a job. And of course, someday you might want to buy a house...

1 0