Having no credit SUCKS

[zixxer]

WTF

This BLOWS.

I can't sign up for ANY utilities (I had NO problem last time..)

Now noone will let me sign up because I have no credit.

Blech. BLECH.

 

[captains]

and posting about it is even worse

 

[Fausto]

Just wait 'til later in life when you buy a house and people start throwing credit at you. I get at least two pre-approved credit offers in the mail every single day. I honestly throw away more of my mail than I keep on a daily basis since it's all crap offers.

 

[bo0]

NO. having bad credit sucks!



f#cking student loans!

:|

 

[minendo]

Originally posted by: Fausto
Just wait 'til later in life when you buy a house and people start throwing credit at you. I get at least two pre-approved credit offers in the mail every single day. I honestly throw away more of my mail than I keep on a daily basis since it's all crap offers.

Same here. I have been pre-approved for every credit card and mortgage possible.

 

[MaxDepth]

go buy a piece of furniture by paying in installments. pay it off on the first installment too if you can.

Now you have a credit rating. Sure it'll take a month, but it is worth it. And you won't have to get those credit offers that you have to pay for.

 

[KEV1N]

Bad credit? No credit? No problem!

Maybe the utility companies in question will let you open an account with a security deposit.

 

[Fausto]

Originally posted by: minendo

Originally posted by: Fausto
Just wait 'til later in life when you buy a house and people start throwing credit at you. I get at least two pre-approved credit offers in the mail every single day. I honestly throw away more of my mail than I keep on a daily basis since it's all crap offers.

Same here. I have been pre-approved for every credit card and mortgage possible.

We got an AMEX platinum offer a few days ago (why, I do not know). The benefits are actually pretty nice (especially if you travel a lot), but the annual fee is crazy.

 

[MrBond]

Originally posted by: KEV1N

Maybe the utility companies in question will let you open an account with a security deposit.

I know Sprint will, hell, I have STELLAR credit, and they still charged me a $100 deposit when I started landline phone service through them.

 

[minendo]

Originally posted by: Fausto

Originally posted by: minendo

Originally posted by: Fausto
Just wait 'til later in life when you buy a house and people start throwing credit at you. I get at least two pre-approved credit offers in the mail every single day. I honestly throw away more of my mail than I keep on a daily basis since it's all crap offers.

Same here. I have been pre-approved for every credit card and mortgage possible.

We got an AMEX platinum offer a few days ago (why, I do not know). The benefits are actually pretty nice (especially if you travel a lot), but the annual fee is crazy.

I refuse to take anything with an Annual Fee right now. Plus my Continental Airlines MC is working out great for me.

 

[RossMAN]

You're right, having no credit sucks hardcore and will suck even more in the future.

I would recommend fixing that as soon as possible. Try to rent a car or hotel room without a major credit card, it's possible to do with a debit card but not as easy.

Do yourself a favor, save up $500 cash and get a secured credit card.

Use the credit card, pay it off every month, after 1 year, get your deposit (collateral) back and you'll have cc offers overflowing in your mailbox.

 

[rh71]

no credit or poor credit ?

 

[Farfrael]

I am not from the US.
Could somebody be nice enough to spend 5 minutes and actually explain to me how this whole "credit" circus works ?
Seriously

Thanks in advance !

 

[rpc64]

Originally posted by: MaxDepth
go buy a piece of furniture by paying in installments. pay it off on the first installment too if you can.

Now you have a credit rating. Sure it'll take a month, but it is worth it. And you won't have to get those credit offers that you have to pay for.

You can get a credit rating just from doing that? I thought it took longer than that. I am working on trying to build credit, but so far all I have done is make one time purchases with my card. I haven't done anything where I make regular payment installments.

 

[Nutdotnet]

Originally posted by: bo0
NO. having bad credit sucks!



f#cking student loans!

:|

Now wait, if you have bad credit becuase you can't pay back the student loans you took out that's your own fault.

 

[Hoober]

Originally posted by: Fausto

Originally posted by: minendo

Originally posted by: Fausto
Just wait 'til later in life when you buy a house and people start throwing credit at you. I get at least two pre-approved credit offers in the mail every single day. I honestly throw away more of my mail than I keep on a daily basis since it's all crap offers.

Same here. I have been pre-approved for every credit card and mortgage possible.

We got an AMEX platinum offer a few days ago (why, I do not know). The benefits are actually pretty nice (especially if you travel a lot), but the annual fee is crazy.

I love my Blue.

But I know what you guys mean. Ever since I bought the house I've had a nonstop stream of pre-approved offers. The worst ones are the pre-approved lines of credit with interest rates of 19%. Give me a break!

 

[Homerboy]

Originally posted by: Fausto
Just wait 'til later in life when you buy a house and people start throwing credit at you. I get at least two pre-approved credit offers in the mail every single day. I honestly throw away more of my mail than I keep on a daily basis since it's all crap offers.

AGREED!
And people never make mention of this waste of paper, labor, money etc etc... yet receive 2 SPAM emails and holy-hell breaks loose.

Oh and to the poster... Having no credit isnt that bad. Having BAD credit SUCKS.

 

[MaxDepth]

Originally posted by: rpc64

Originally posted by: MaxDepth
go buy a piece of furniture by paying in installments. pay it off on the first installment too if you can.

Now you have a credit rating. Sure it'll take a month, but it is worth it. And you won't have to get those credit offers that you have to pay for.

You can get a credit rating just from doing that? I thought it took longer than that. I am working on trying to build credit, but so far all I have done is make one time purchases with my card. I haven't done anything where I make regular payment installments.

I went through college without a credit card. Shocking, yes, but it does happen. Scholarship and a job paid for everything I needed. However out in the real world, I hit the same wall. I bought a sofa bed from a local furniture store. Because I had no credit, they let me set up an account with them. If i had bad credit i would have to pay in full or pay a high charge rate. I put half down and signed up for their 90 days same as cash. I was to pay them a third of the remaining balance each month, for 3 months. If I was a day late or didn't pay it all off by the end of the ninety days, I would be charged interest on the whole amount from the day I purchased it.

I guess they get a lot of sloppy buyers who pay way more than they should but that's them not you. Because I paid it off in full the next month, it showed me as paying on timely manner. The credit card companies started stuff my mailbox then on. I guess the game here is to see how much debt can you accumulate before you are unable to pay it off in a month.