What is the best way to obtain credit with like 8k cash and absolutely 0 credit? (no good and no bad
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yrs old and have a hard time conducting business because i have 0 credit. I've always paid everything upfront with either cash or check, but now, i cant get even a simple $500 limit credit card or a small personal loan.... thanx
What is the best way to obtain credit with like 8k cash and absolutely 0 credit? (no good and no bad.) 1 am 20Congratulations! you sound like a gut that has his "ducks in a row".
Either a secured credit card or get a secured (with some of your cash) personal loan. Next time you want to make a major purchase, contact your local bank. Want to buy a $2,000.00 sound system? Don't just go by it. Talk to your bank. Tell them you want to establish some credit by borrowing the 2k and deposit 2k from your savings w/them. They will be pleased you approached them. If you have your 8k in their bank, they may loan you half of the money, unsecured.
Once you get this loan, make your monthly payments. Resist the temptation to pay it off. The bank wants to see that you have the maturity to make payments on time.
Second loan will be much easier.
What is the best way to obtain credit with like 8k cash and absolutely 0 credit? (no good and no bad.) 1 am 20Your best bet would be to find a really good co signer that trusts you... Take out a small loan, and pay it on time... do that a few times and lenders will be more flexable with you...
Thats what I had to do... I took out 3 small loans, one after another, and started to get credit cards in the mail and all that good stuff....
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