Credit

[LanMaster]

Im over this not being able to get sh*t cuz i have not credit BS! Just cuz I dont have an freaking Credit Cards!!!! Is there a cheap way to build credit? Is there are like credit cards that I dont pay monthly fee for intill I actually use it? There has to be a cheaper why!

 

[amdhunter]

Credit cards are evil.

 

[Ryan]

Secured credit card from your local credit union. You basically put 500 bucks in an account - that money is frozen, not able to be withdrawn, and that is your spending limit. Buy everything you can with it, and pay it off on a monthly basis.

I did this when I was 17, and had a score just shy of 700 when I was 19. Not too shabby

 

[dugweb]

go to wells fargo, open up a free checking acount

they give you a credit card, buy stuff with it and pay it off in the grace period and...

walla

you're building credit

edit: i dont know if wells fargo is in indiana, you maybe in washington mutual territory?

 

[LanMaster]

Damn I need to change my profile...I live in Chicago now. Crap...all those require me to pay monthly payments though...im a poor college student.

 

[skim milk]

student cards?

I got my first credit card from AMEX when I was 17.. with a $800 limit.

Now three years later, I have a $15,000 limit and couple other good credit cards. I carry zero balance... and my credit score is pretty good

 

[dugweb]

Originally posted by: LanMaster
Damn I need to change my profile...I live in Chicago now. Crap...all those require me to pay monthly payments though...im a poor college student.

FREEEE checking account .... i pay zero fee's. Wells fargo hasnt gotten a cent of interest or fee outta me

 

[Ryan]

Originally posted by: LanMaster
Damn I need to change my profile...I live in Chicago now. Crap...all those require me to pay monthly payments though...im a poor college student.

Get a job then - I hate this excuse - gotta work for a decent credit score, it doesn't come free.

 

[George P Burdell]

how old are you?

 

[LanMaster]

Im 18 and just moved to Chicago...so I will be getting a job but sure of when...and I dont want to get stuck with payments when I only have a temp job.

 

[LanMaster]

Yea but with that AMEX card did you have to pay monthly payment?

 

[Muadib]

Originally posted by: LanMaster
Yea but with that AMEX card did you have to pay monthly payment?

Duh!!! Of course he does!! Just what do you think a credit card is?