Coty B asked:
I was told First Premier, but when I went to apply, it was nothing but fee’s! I would have had to pay over 300 in fee’s! What credit card is best for someone with bad credit, starting out?
I was told First Premier, but when I went to apply, it was nothing but fee’s! I would have had to pay over 300 in fee’s! What credit card is best for someone with bad credit, starting out?
(I know department stores are bad, and prepaid isn’t an option, I don’t have that type of money!)
http://1mortgagecalculator.info
wait until you have enough money to get a secured visa card thru your bank and never charge more than you can pay in full at the end of the month.
Try getting a secured card- Don’t pay it off every month. You can pay all but $10.00 off each month but you want to keep a balance so that you have constant activity on your bureau. Unfortunately since your credit is bad, no one is just going to give you a great deal on a card. You should also make arrangements to pay off the old bad debt.
Good luck!
Credit cards dont build credit.
You need to OWN assets then you will be given all the credit you ever want.
Own a house, own a bank account with substantial amount in it, then and only then will you be given access to credit.
The type of credit that FirstPremier offers is Baloney credit. That is HIGH FEE nonsense to cover those high risk people not paying. Furthermore, that kind of credit card they issue is part of your credit record, it show you simply dont have the whereforall to get any sort of credit, its a negitive on your record.
Pay as you go, then build assets, then credit cards will literally flow into your wallet.
Vanquis or Aqua – They are both likely to give you a credit card, but with very high interest.
Just spend a minimum amount on it each month and be sure to pay it back, this should help your credit rating.
You can get a prepaid credit card (Orchard Bank) with as little as $200… If you “don’t have that type of money”, then you shouldn’t get a credit card period…
I started with them, fixed the dings on my credit report, made sure I paid on time (and extra)… and have had a significant increase in my credit rating… I get “real” credit card offers now, not just those insane “$250 in fees, $50 in credit” SCAMS…
How to Start Building Credit
It can be easy to qualify for credit if you have a good credit history, but what if you have never used credit before? If you are just starting out, have always paid in cash and don’t have any real assets or accounts in your name, it can be difficult to start building a credit history. If you apply for a credit card now, there’s a good chance you’ll be denied. “How am I supposed to establish a credit history if I can’t get approved for a credit card”?
Here’s how:
Open up a checking and savings account in your name. As time goes on, your account activity will demonstrate that you can handle money responsibly, provided that you do handle this money responsibly. Avoid bouncing checks and regularly contribute to your savings account. As these accounts do not require credit to open, they will not help you to build credit. Lenders do see the accounts as a sign of stability and will take them into consideration when determining whether or not to extend you credit. Also, if you develop a positive relationship with your bank, they may be more willing to approve you for a credit card or loan.
Apply for a secured credit card. A secured card is easier to get than regular credit cards. A secured card is one in which you deposit money with a lender and this amount gets applied to your card. Your credit limit is capped at the amount you decide to deposit from a few hundred dollars to several thousand dollars. In other words, you are guaranteeing your line of credit with your deposit. Many well known institutions offer these secured cards like Key Federal, Bank One, Chase Manhattan Bank USA and others. Once you have used this card for 12 months or more and built a solid credit history, you can apply for a regular credit card. Or you can talk to your secured card issuer to see if you can convert your secured card to a regular one. Just make sure that the card issuer reports to a credit bureau. If they don’t, the card won’t help you establish a good credit history. (Please be aware that you may have to pay application and processing fees for a secured card and these cards typically have annual fees along with higher interest rates than unsecured cards. Before you apply, be sure to get all the information).
Another way to establish credit is to apply for a store issued credit card or a gas card. These cards are generally easier to obtain rather than your standard bank issued credit card, but be aware that they often have a high interest rate!
Apply for a credit card while you are a college student. Lenders are willing to take risks on college students, according to Gerri Detweiler, author of The Ultimate Credit Handbook, because they feel parents are still willing to help their kids out if they get into financial trouble while they are in school, than after they graduate. But for now, just open one or two. Opening up a whole bunch of credit accounts in a short period of time can make you look too risky.
Once you’ve used credit cards responsibly for a year or so, consider applying for an installment loan from your bank. Keep the first one small and the duration short like 1-2 years. Doing this will give you a mix of different types of credit which is good for your credit score.
Now the ball is rolling and you are on your way to establishing a credit history. Remember, you want your credit history to be a good one so…
•Make sure you pay all of your bills on time.
•Don’t charge more than you can pay off in a month.
•Always pay at least the minimum monthly payment and whenever possible pay more than the minimum.
•Don’t charge more than 50% of the card’s limit.
Want to learn more? Call us for a no-cost consultation about this and other financial topics.
Toll free: 1.888.354.6332
Debt Counseling Corp. is a not-for-profit organization
providing education, counseling and advocacy to consumers like you.
3033 Expressway Drive North, Hauppauge, NY 11749
A brighter tomorrow… Licensed by the New York State Banking Departments
New Millennium Bank Platinum Visa® or MasterCard® for more information go to
There is no credit checks and you are approved regardless of your credit history.
This site also provides links to companies that can help you repair your credit.
Many people think they are a joke, but one of the best kept secrets to quickly building your credit is to open an account with one of those cards that offers a high-credit amount for the purchase of goods (electronics, computers, etc.).
Everyone is approved and there are no security deposits required. And, you can get useful items you need while building your credit. They DO report to the credit reporting agencies, so if you make your payments on time, you will definitely see an improvement in your score.
Try it. You’ll be glad you did.
This is a good one:
Visa and Master