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How can I get a approved for a simple credit card?
Hello I am 25 yrs old and I have applied for numerous credit cards such as gas cards to normal credit cards, I have been denied by each and every one. I dont have any debt or college crap to deal with. All I can seem to get is a "prepaid" credit card which I dont really trust and its really frustrating me because why the hell cant I even get a freaking gas card? Last year at this time I took out a $200 loan from my bank hoping to help my credit but even though I paid off everything perfectly in the time frame, I still keep getting denied. What should I do besides give up? I just hate seeing these younger kids using their own credit cards when I cant even get one. Any advise will be very much apprecitated!! thanks
1 Answer
- Genuine GuidanceLv 71 decade ago
Have you looked at your credit report to see what is on there? Have you purchased your FICO score from myfico.com? Also, when you apply over and over and are denied, that kills your score and hurts your report. It makes you look desperate to lenders and they don't want to touch you with a 10 foot pole! When you have applied for all these cards, you should have gotten a rejection letter in the mail telling you exactly *why* they denied you at this time. That would be your first place to look. Most people just ignore the letters or throw them away thinking they are junk mail.
The first thing to do is STOP applying. It is apparent you are not going to get a credit card. Second thing is to not bother being jealous of any kids who are walking around with credit cards. They will be walking around with huge bills or a collection agency or 2 after them in a few years if they aren't using their credit wisely.
Since you have been declined, you may have to get a secured card to start. After about 18 to 24 mos you may be able to convert it to an unsecured card and get your deposit back. At that time, you may also be able to qualify for some credit cards.