Author Topic: My credit sucks. (Read 3755 times)

T234 · « **on:** October 16, 2007, 06:12:34 PM »

Pretty much what the thread title says.

I've been turned down at:
WAL-MART (I WORKED FOR YOU MOTHERFUCKERS)
Dell
Sager
Newegg
Sony
Best Buy

Why, oh why, couldn't one of these companies have a distinguished mentally-challenged credit staff

I'M A COLLEGE STUDENT WHY THE FUCK WILL YOU NOT LET ME RUIN MY CREDIT

For next semester, I'm very seriously considering getting an extra unsubsidized student loan for the express purpose of buying a laptop.

Rman · « **Reply #1 on:** October 16, 2007, 06:16:49 PM »

It's not that your credit sucks. It appears that you do not have any credit history. You need to build that first.

Rman · « **Reply #2 on:** October 16, 2007, 06:17:35 PM »

Also don't go for department cards. You will get raped on the interest rates.

T234 · « **Reply #3 on:** October 16, 2007, 06:19:34 PM »

How do you go about building a credit history when no place will give you credit?

TVC15 · « **Reply #4 on:** October 16, 2007, 06:21:10 PM »

Quote from: T234 on October 16, 2007, 06:19:34 PM

How do you go about building a credit history when no place will give you credit?

Go to your bank and get a credit card through them. Depending on whether you totally lack credit or have done something to actually harm your credit, you may have to pay some sort of small fee. Use that card to build credit. It's actually fairly easy to get started on.

T234 · « **Reply #5 on:** October 16, 2007, 06:26:29 PM »

I have a credit/debit card, but that only works out of my checking account. If I could get one with a high enough limit, my laptop problem is solved.

SEE YOU BITCHEZ ON STEAM, hopefully.

TVC15 · « **Reply #6 on:** October 16, 2007, 06:31:37 PM »

If you don't have credit built (and a credit/debit card has pretty much nil effect on your credit), you won't be getting a credit line fat enough to send you to laptop town.

Rman · « **Reply #7 on:** October 16, 2007, 06:32:50 PM »

First get a bank account at a reputable bank, checking and saving accounts.

If you work get your checks on direct deposit.

Apply for a credit card at said bank. You can also apply for a credit card online. You will need to use your credit card, however, you will need to pay your balance in full each month. Interest rates apply when you carry a balance from month to month. Also, as a warning, be careful with credit cards. Many, as you probably, cannot handle credit cards either due to compulsive spending or bad debt management. Use it with caution.

Also educate yourself on financial matters, saving, investing, credit, insurance, and the like. I also like Yahoo Finance, and also books by Suze Orman and Dave Ramsey. You can borrow books on personal finance from the library for free. Read the following blogs for inspiration and motivation.

www.thesimpledollar.com
www.myopenwallet.net
www.getrichslowly.org/blog/
englishmajormoney.blogspot.com
wellheeled.wordpress.com

Good luck.

cubicle47b · « **Reply #8 on:** October 16, 2007, 06:33:29 PM »

Yeah, debit cards are essentially just checks and don't build credit.

T234 · « **Reply #9 on:** October 16, 2007, 06:36:55 PM »

How big of a limit do you think I could get with essentially no credit history at all?

TVC15 · « **Reply #10 on:** October 16, 2007, 06:39:11 PM »

For the record, it took me approximately a year, maybe a little less, to go from damaged credit (sub-600) to decent (I am at like 675 now, where I have stalled a bit). I got started by netting myself a 300 dollar limit card, buying shit with it every month, and then paying it off every month. I eventually added 2 more credit cards (1 at 700 and another at 1500) and I kinda do this juggling thing. I make smallish credit gains month to month (though buying my new pricey laptop has stalled me almost totally this month), but I think I am in a position where I have to make a big real purchase now, like a car, if I want to make more major progress.

Mr. Gundam · « **Reply #11 on:** October 16, 2007, 06:52:13 PM »

Get a Visa or Mastercard through your bank. If you can join a credit union, they'll probably be able to offer you something better.

And for God's sake, don't go crazy with it. It's ok if you aren't able to pay it off each month, but make sure you can pay the required monthly payment, and stop yourself if you're over $1,000 in debt and have no way of paying it off over a few months.

Saint Cornelius · « **Reply #12 on:** October 16, 2007, 06:54:15 PM »

Have you considered getting a secured credit card? They blow goats, but it's a way to establish credit.

T234 · « **Reply #13 on:** October 16, 2007, 06:55:48 PM »

To put it into perspective, the only things I would buy with it over the next TWO FULL YEARS would be a laptop and a sub $1000 TV.

Mr. Gundam · « **Reply #14 on:** October 16, 2007, 06:56:42 PM »

Quote from: T234 on October 16, 2007, 06:55:48 PM

To put it into perspective, the only things I would buy with it over the next TWO FULL YEARS would be a laptop and a sub $1000 TV.

It's easy to say that, but it's not that easy to stick to it.

Saint Cornelius · « **Reply #15 on:** October 16, 2007, 06:57:00 PM »

Why not save your money and buy it in cash? I mean, I know the answer and I'm guilty of the same thing *looks at credit card bills* *sheds tear*

T234 · « **Reply #16 on:** October 16, 2007, 07:00:22 PM »

I'll never know until I try.

Saint Cornelius · « **Reply #17 on:** October 16, 2007, 07:01:01 PM »

AM NO TRY, ONLY DO

TVC15 · « **Reply #18 on:** October 16, 2007, 07:02:06 PM »

I wanna buy a house. I kinda wanna skip getting a car on creidt, but I'm not quite sure if I am at house levels yet.

Van Cruncheon · « **Reply #19 on:** October 16, 2007, 07:03:01 PM »

I HAVE THAT DAMN CIVIC, TVC, WHEN YOU GONNA COME PICK IT UP

(i forgot about it, too :'()

demi · « **Reply #20 on:** October 16, 2007, 07:04:12 PM »

Quote from: TVC 15 on October 16, 2007, 06:21:10 PM

Quote from: T234 on October 16, 2007, 06:19:34 PM
How do you go about building a credit history when no place will give you credit?

Go to your bank and get a credit card through them. Depending on whether you totally lack credit or have done something to actually harm your credit, you may have to pay some sort of small fee. Use that card to build credit. It's actually fairly easy to get started on.

I applied at my bank and they said I didn't have any credit so I got denied

T234 · « **Reply #21 on:** October 16, 2007, 07:04:28 PM »

The reason why I say that is because I honestly don't want anything else right now but a TV and a damn computer.

Mr. Gundam · « **Reply #22 on:** October 16, 2007, 07:04:52 PM »

Quote from: TVC 15 on October 16, 2007, 07:02:06 PM

I wanna buy a house. I kinda wanna skip getting a car on creidt, but I'm not quite sure if I am at house levels yet.

It might be hard getting a house with a 675 right now in this market. Well, I'm sure you'd be approved, but I have no idea how much you'd be able to get in a loan.

MrAngryFace · « **Reply #23 on:** October 16, 2007, 07:07:13 PM »

Ive never even looked at my credit lol. Not planning on getting a house tho, and once my car is paid off ford credit will like me well enough to refinance, and the bank will still give me a credit card. WHATEVER.

If I got a house but it'd be tight for me alone.

Human Snorenado · « **Reply #24 on:** October 16, 2007, 07:10:39 PM »

My credit rating is in the negatives I think.

Mr. Gundam · « **Reply #25 on:** October 16, 2007, 07:12:46 PM »

Quote from: Weighted Companion Cube on October 16, 2007, 07:07:13 PM

Ive never even looked at my credit lol.

I've always had to submit a credit report with every single apartment I rented in Seattle. I started with a 720 score back in 2004, and when we were going through the pre-approval process on our house this summer, I had a 770.

MrAngryFace · « **Reply #26 on:** October 16, 2007, 07:18:04 PM »

I must be ok, current place took me.

T234 · « **Reply #27 on:** October 16, 2007, 07:21:39 PM »

holy shit batman, how is this (http://www.newegg.com/Product/Product.aspx?Item=N82E16820609244) more expensive than all of my electronics (hardware) purchases lifetime?!?

EDIT: Nevermind, that shit is fucking tiny for how much storage it is.

TVC15 · « **Reply #28 on:** October 16, 2007, 07:32:53 PM »

My next machine (eta 1-2 years away) will probably have a solid state drive, at least if they can approach 160ish gigs. I was considering one for my new laptop, but I would be paying like 800 bucks for 32 gigs or something, which wasn't attractive for several reasons.

T234 · « **Reply #29 on:** October 16, 2007, 07:39:34 PM »

They have one for 128 gigs. It cost more than I have made in ~~my entire life~~ tho.
http://www.newegg.com/Product/Product.aspx?Item=N82E16820609245
Your Price:$4,330.00

EDIT: Check that, it is about what have I have made from the summer until today. I got confused.

TVC15 · « **Reply #30 on:** October 16, 2007, 07:40:38 PM »

That shit will fall quick. By next fall it will be a quarter of that price.

Phoenix Dark · « **Reply #31 on:** October 16, 2007, 07:52:26 PM »

*saves thread for future reference*

T234 · « **Reply #32 on:** October 16, 2007, 08:14:44 PM »

I just came up with another idea for fixing my "not having a PC" conundrum.

I'm sitting here all day with a monitor and an ethernet cable handy, why not put them to work in a form factor PC like this: http://www.newegg.com/Product/Product.aspx?Item=N82E16856101032. I could haul it to work and haul it home without any trouble, just plugging it in into the monitor at work and the bad-ass tv at home, when I get it.

What all needs to go immediately in this machine that it does not have?

xnikki118x · « **Reply #33 on:** October 17, 2007, 02:53:17 AM »

When I was a senior in high school/starting college I got forests worth of paper from all the major credit card companies offering me cards. I never took any of them because I knew I wasn't responsible enough. Bottom line though, some cards are specifically geared toward college students/people without credit histories. Maybe your school will have some info, or talk to other students and stuff.

MrAngryFace · « **Reply #34 on:** October 17, 2007, 03:00:18 AM »

even when I was retail bound I kept clear of credit cards. bad business

brawndolicious · « **Reply #35 on:** October 17, 2007, 03:02:58 AM »

Quote from: T234 on October 16, 2007, 08:14:44 PM

I just came up with another idea for fixing my "not having a PC" conundrum.
I'm sitting here all day with a monitor and an ethernet cable handy, why not put them to work in a form factor PC like this: http://www.newegg.com/Product/Product.aspx?Item=N82E16856101032. I could haul it to work and haul it home without any trouble, just plugging it in into the monitor at work and the bad-ass tv at home, when I get it.
What all needs to go immediately in this machine that it does not have?

not bad for the price. I think it has everything necessary. you might be able to build a decent rig yourself for that price though. do you have any parts you can use?

TVC15 · « **Reply #36 on:** October 17, 2007, 03:24:46 AM »

Yeah, I alwas avoided credit cards, no matter how tempting. Well, until now. But I don't need the credit cards, I am just using them to build credit and buy demi presents.

Phoenix Dark · « **Reply #37 on:** October 17, 2007, 03:42:31 AM »

Quote from: xnikki118x on October 17, 2007, 02:53:17 AM

When I was a senior in high school/starting college I got forests worth of paper from all the major credit card companies offering me cards. I never took any of them because I knew I wasn't responsible enough. Bottom line though, some cards are specifically geared toward college students/people without credit histories. Maybe your school will have some info, or talk to other students and stuff.

I get letters from credit card companies weekly, and throw them away promptly. But yeah they are tempting, especially now. I'll wait until I get a job before fucking around with them.

Smooth Groove · « **Reply #38 on:** October 17, 2007, 03:44:38 AM »

Quote from: T234 on October 16, 2007, 06:12:34 PM

Pretty much what the thread title says.

I've been turned down at:
WAL-MART (I WORKED FOR YOU MOTHERFUCKERS)
Dell
Sager
Newegg
Sony
Best Buy

Why, oh why, couldn't one of these companies have a distinguished mentally-challenged credit staff

I'M A COLLEGE STUDENT WHY THE FUCK WILL YOU NOT LET ME RUIN MY CREDIT

For next semester, I'm very seriously considering getting an extra unsubsidized student loan for the express purpose of buying a laptop.

Have you ever done anything in the past that could have ruined you credit? I got approved for a credit card recently even though I"ve never had a full time job and I'm still in school.

xnikki118x · « **Reply #39 on:** October 17, 2007, 03:51:10 AM »

Quote from: Phoenix Dark on October 17, 2007, 03:42:31 AM

Quote from: xnikki118x on October 17, 2007, 02:53:17 AM
When I was a senior in high school/starting college I got forests worth of paper from all the major credit card companies offering me cards. I never took any of them because I knew I wasn't responsible enough. Bottom line though, some cards are specifically geared toward college students/people without credit histories. Maybe your school will have some info, or talk to other students and stuff.

I get letters from credit card companies weekly, and throw them away promptly. But yeah they are tempting, especially now. I'll wait until I get a job before fucking around with them.

I always had a job and still avoided them.

I'm not sure if I still get letters or not; they'd go to my parents' house if I did, and I don't really live there so they may just toss them on my behalf. My brother is a high school junior though and he's started getting them in the mail. I swear they prey on the youth!

Phoenix Dark · « **Reply #40 on:** October 17, 2007, 04:04:15 AM »

Some credit is better than no credit. If I signed up I'd probably just use it for small purchases which I could pay off quickly.

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Author Topic: My credit sucks. (Read 3755 times)