|
Why is it soo hard to get credit??? Gooshhh... This is sooo frustrating! I am calling around speaking to loan officers. And of coarse my bank doesn't offer anything for students. They have a student credit card, but I am not in college. They have loans starting at $5000!!! And of coarse I can't get that.. uhhhhh credit, I don't even want any..lol. They tell me to go out and buy a car, but I want expensive car that they won't give me that amount for. And plus I don't have all my down payment saved up... Sorry I just needed to vent. Long day. |
I know how you feel!!! I am finially getting approved for things but it took a while. Try to go to stores and get their credit cards and just pay them off at the end of every month. This helps out a lot on your credit score. Good Luck in your car purchase! |
Yup, when building credit you gotta start small. I got a Sears card at 18 I believe, or 17. I worked my way up there... now I have credit cards with $25,000 credit limits! Not that i use them LOL buy yourself a condo if you can. most of the time its cheaper than rent, most mortgage companies will give a loan to anyone (just make sure you know YOU can handle it) and that builds up your credit the fastest! My ex had such bad credit when we bought our house we got rejected and had to plead HIS case... my credit was great so I was the primary on the house. When we split 2 years later and sold the house, his credit was near perfect in less than 2 years! Good luck sweetie! :) |
Quote:
I was so excited when I went to my credit union and was able to get a personal loan with NO collateral and they didn't even ask what it was for. On my app, I just put that I needed to pay some things off. It was very nice it takes time...but the key is to keep a recurring line of credit. So get a couple of low limit cards. dont' max them out, but keep a small balance on them all the time. don't get it and then pay it off right away. that won't do anythign for you. say you get a statement in the mail and it says "min. payment due $XX.XX well, pay a little more than the min. payment due but don't pay it all off right away. this way you keep an open, active line of credit. this was the advice my investor gave me and it has paid off tremendously |
Since you are younger, ask your parents to co-sign the loan for the car. I was older than you, almost 19 when I started making my first car payments. I was driving a slightly used very nice car. I was in college, but went to school full-time and had a tiny part-time job making next to nothing. Well, just enough to make the car payments, pay for gas and a few extras every month. I made the payments, but my mom's name was on the loan & my parents weren't willing to step in and make the payments for me; so I had to be good :) But this really opened the door for me. Be careful with credit cards -- they can be very dangerous :eek: |
Yeah, but department stores wont approve you.. I am going to get a loan at regions. i think thats my best bet. I have Josh's credit card, so I don't think I need another one. |
With Joshs we pay off about 3 times a month, we run it almost up, then pay it completly off, and he has pretty good credit. With our last cell phones, we didn't have to put any money down. So hopefully this loan will help me. Bc I want to get a car next year, and I am going to need some credit to get it. |
Quote:
i agree...be very careful with credit cards....that's why i say a "low limit" department store card is usually good. the interest rates are high but it helps build credit co-signing is a good idea too. so, regions has agreed to give you a loan? |
I can't co sign with my parents, just from previous experience. No dept stores won't a lot of my friends have tried to apply. They haven't officially appoved me, they said I have to come in and fill out the paper work, but they have done this b4 with no problems. Plus there taking my loan money and securing it in a cd until I pay it off, so i won't get it until 13 months after I get that loan, bc I need to let it mature completly b4 drawing it out. |
With my hubby still in school I know exactly what you mean! We have two car loans. They aren't the most fancy cars, but with the two of our payments together we pay over $300 a month and I think that is a pretty nice car. It really helped us that my hubby goes to a good private school and all we have to do is wave his schools name in front of anyone and they usually want to talk. Credit cards stink! Everyone always told us not to get one, but due to an emergency we had to fall back on it. :( So I suggest going out and getting an okay car, like my hubby drives an 01' Cavalier, until you graduate. Save up some money for a down payment and that will help as far as your payments go. Then once you get a full time job you shouldn't have much trouble. I can't wait until hubby graduates college in May. Then those crappy student loans will come. Yucky! :rolleyes: |
Luckyl im not in school to pay loans:). but I am going to put down around $15,000 on a $26-30,000 car. I am going to get the car around my 19th bday, next October. We have just one credit card, and it has a low limit, and I think thats all we need. Right now its just used for buliding credit, but once we are doing ok it will just be for emergency purposes. And it will still have a low limit, DEF. not over a $1000. |
I have another idea. Ask your mom to add you to her credit cards. She doesn't have to actually GIVE you the cards to use. I put my daughter's name on my credit cards and I use hers sometimes and pay it off. This is helping her to get good credit. Of course, this is only good if your mom has great credit. :) |
Quote:
|
Quote:
|
Quote:
it helps build your credit but dont expect to see a drastic change. i still had to have my mom co owner on my car its in both of our names. |
| All times are GMT -8. The time now is 11:25 PM. |
Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
Copyright ©2003 - 2018 YorkieTalk.com
Privacy Policy - Terms of Use