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why am I declined on credit ?
I have tried getting a credit card and every time I get the same response it doesn't make sense they say the consumer reporting agency has limited credit reports on you, I haven't had credit or a job Ive been on disability, I don't know what's going on though I have money and I keep getting that there's limited reports on me it doesn't seem fair. I actually want to know because sometimes agencies make mistakes, I was once declared dead by the social security office so I know.
a secured card, what is that? why does not having a credit history matter, I apparently have a credit score and I have money, how am I suppose to get a credit history if I've always been denied credit?
hey anonymous, you're a stupid dick, because nothing, I asked for answers, if it it doesn't matter what credit history you have, credit companies assume all the risk but they have to trust you or they would go out of business, it doesn't matter what your history is as long as they know they can trust you thats called having credit. and type it into a search engine, how about you answer my God damn question like someone who actually knows what they're talking about. no.
and thank you everyone i have what I need now.
9 Answers
- Anonymous2 weeks ago
Having money is no guarantee that you will actually pay back any money lent to you. Not because of lack of resources to do, but simply because you don't want to. Ask yourself, would you lend a complete stranger your money on the basis that "he has money"?
- 3 weeks ago
I am posting this subject on my https://www.sondakikaizmir.com/ site.
Source(s): https://www.sondakikaizmir.com/ - ?Lv 73 weeks ago
Your problem is not accepting reality. Anonymous actually gave you the best answer. Take his advice. Secured credit card report charges and payments and helps you develop a history. That is one way to have a credit history. That is what the denial letters are telling you. Another is to have a co-signor who has a well-established history. Most banks and credit unions offer secured credit cards.
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- Anonymous3 weeks ago
No one wants to go first. Everyone has gone through this.
Option #1. Try for a department store card such as JC Penney's. ( Pick a store that you actually use.) My first card was either a Sears card--which I know shows my age--or the line of credit I got at a furniture store (I still have some of the stuff I bought).
Option #2. Secured card. You save up $500 and the bank freezes it in an account. You then receive a card with the same $500 credit limit (sometimes more). You use it and pay the money back. At the end of one year of paying on time, the banks will usually give you your $500 back and the card will be come unsecured.
- Anonymous3 weeks ago
"why does not having a credit history matter" Because there is zero evidence that you will pay what you owe.
"how am I suppose to get a credit history" A secured card. Type "What is a secured credit card" into your favorite web browser, then come back if you still have questions.
- AmyLv 73 weeks ago
You've never had credit. That's why they have no records of your past credit history.
Try getting a secured card or have your parent or spouse add you as an authorized user on their credit card.
- EvaLv 73 weeks ago
You don't have a credit history. You'll have to get a secured card to start with. Don't keep applying for cards. Too many inquiries lowers your score.
