YACCT: Yet Another Credit Card Thread. Just a quick question.

[Eli]

If I started a jen-you-wine business, would it increase my chances of being able to get a credit card even though I have no credit history.. since I would be able to report an income, even if it is meager?


/me doesen't have 500$ to do the secured thing .. lol

 

[Viper GTS]

Not likely, if you don't have $500 to get a secured card what do you need a CC for?

Viper GTS

 

[RossMAN]

There's a better chance of me giving you the keys to our Honda Accord than that happening.

So I wouldn't count on it

 

[dullard]

Originally posted by: Viper GTS
Not likely, if you don't have $500 to get a secured card what do you need a CC for?

Exactly. If you don't have the cash to pay for your purchases, then you shouldn't charge anything on a CC. Thus you don't need a CC. If you did go ahead and get a CC before you had the cash to pay it off, it'll likely be one of the bigger mistakes of your life.

The self-business wouldn't look any different than any other source of income. All they ask is your total income - not the source of the income. Sounds to me like you just need a job to be able to save up ~$500-$1000 and then you'll be set. If there is a factory in your area, they often pay $10 an hour. So that would take 1-2 weeks to obtain that cash.

 

[Zombie]

lol, well you never know. How will you start a buisness if you don't even have $500 for security deposit ??

 

[iBold]

how would you start a 'business' without $500...aren't there legal fee's involved and such?

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[iBold]

how would you start a 'business' without $500...aren't there legal fee's involved and such?

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[Eli]

Originally posted by: Zombie
lol, well you never know. How will you start a buisness if you don't even have $500 for security deposit ??

well, lol...

I mean, I've been selling things on eBay. I make a couple hundred dollars a month on average. It pays my internet and food bills, the only real bills I currently have.

I want to expand. It takes money to earn money, eh?

 

[alkemyst]

There are really no 'legal' fees to start a business...just declare yourself sole-propriator....you don't get business protections afforded by the government though.

Once you file taxes as a business you usually will get the card applications coming in monthly.

Å

 

[Ameesh]

Originally posted by: Eli

Originally posted by: Zombie
lol, well you never know. How will you start a buisness if you don't even have $500 for security deposit ??

well, lol...

I mean, I've been selling things on eBay. I make a couple hundred dollars a month on average. It pays my internet and food bills, the only real bills I currently have.

I want to expand. It takes money to earn money, eh?

why dont you get a real job and save some cash to do so. If you cant figure out where to scrounge up $500 you are in trouble.

 

[Eli]

Originally posted by: Ameesh

Originally posted by: Eli

Originally posted by: Zombie
lol, well you never know. How will you start a buisness if you don't even have $500 for security deposit ??

well, lol...

I mean, I've been selling things on eBay. I make a couple hundred dollars a month on average. It pays my internet and food bills, the only real bills I currently have.

I want to expand. It takes money to earn money, eh?

why dont you get a real job and save some cash to do so. If you cant figure out where to scrounge up $500 you are in trouble.

Yeah, I know.. but I still don't think there's anything wrong with trying to expand.