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EarthRider
Guest
can we be friends
Banking without a local branch?
- Thread starter nangiggles
- Start date
can we be friends
do you think I enjoy paying a car loan with a 28% APR or that I would chose to have a CC with a 23% APR? No,no I do not, but I've only been in the country for a little over a year and a half, and my first anything credit is only 7 months old(secured card), no one can cosign with me and I already have a secured credit card, due to my non existent credit I have to give 150% for a secured card so if I want $1000 I have to give $1500
I'm actually GRATEFUL for the 28% APR car loan because they were the ONLY ones who give me credit... and to make things better every time I try to apply for something the assholes poke at my credit so I have multiple inquiries which ruin my credit as well, the credit system is a cluster fuck of unfairness for us who start from scratch and dont have cosigners.
/end rant
do you think I enjoy paying a car loan with a 28% APR or that I would chose to have a CC with a 23% APR? No,no I do not, but I've only been in the country for a little over a year and a half, and my first anything credit is only 7 months old(secured card), no one can cosign with me and I already have a secured credit card, due to my non existent credit I have to give 150% for a secured card so if I want $1000 I have to give $1500
I'm actually GRATEFUL for the 28% APR car loan because they were the ONLY ones who give me credit... and to make things better every time I try to apply for something the assholes poke at my credit so I have multiple inquiries which ruin my credit as well, the credit system is a cluster fuck of unfairness for us who start from scratch and dont have cosigners.
/end rant
You're grateful for a high interest auto loan that doesn't report to any bureau thus keeping you in the exact same position.
Anyways, you need to chill a bit. Good credit doesn't happen over night and you've only had your secured card for 7 months. Another 5 months or so and you'd pry be good to go, but every time you hit yourself with another inquiry you're just setting yourself that much farther back.
Slow and steady wins the race
mrplunkey
New member
do you think I enjoy paying a car loan with a 28% APR or that I would chose to have a CC with a 23% APR? No,no I do not, but I've only been in the country for a little over a year and a half, and my first anything credit is only 7 months old(secured card), no one can cosign with me and I already have a secured credit card, due to my non existent credit I have to give 150% for a secured card so if I want $1000 I have to give $1500
I'm actually GRATEFUL for the 28% APR car loan because they were the ONLY ones who give me credit... and to make things better every time I try to apply for something the assholes poke at my credit so I have multiple inquiries which ruin my credit as well, the credit system is a cluster fuck of unfairness for us who start from scratch and dont have cosigners.
/end rant
So does this mean the pick3 ass cheeks thing isn't up for consideration?
I'd guess you'd make out far better than he does, with guys who are far less sweaty and hairy.
PICK3
New member
You're grateful for a high interest auto loan that doesn't report to any bureau thus keeping you in the exact same position.
Anyways, you need to chill a bit. Good credit doesn't happen over night and you've only had your secured card for 7 months. Another 5 months or so and you'd pry be good to go, but every time you hit yourself with another inquiry you're just setting yourself that much farther back.
Slow and steady wins the race
The reason I say I'm grateful is because my car had broken down and needed a car ASAP and that car loan was the ONLY thing I could get....
I know I have to be patient but I need history and revolving accounts (this was literally in my credit report as per why I get rejected) hence why I was thinking of taking the caital one card, i dont plan on using it much but I hate the fact it has no local branch
I got a CC offer in the mail for a $800 CC with a $195 annual fee that is taken out of the $800 and it has a 28% APR, Im desperate but not stupid I obviously wont apply.....
An installment account will do way more for you than a revolving. A revolving account that you dont use can actually hurt your fico score. In your case the small limit probably won't, but an $800 cc isn't going to do anything for you except inflate your score.
Lenders don't loan money solely based on your fico score. There are a lot of deciding factors.
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EarthRider
Guest
get a cc, put 100 on it, and keep making min payment. that should help your score. like plank said take it slow, as soon as they see you make payments, you will have tons of offers thrown at you
PICK3
New member
he said "slow" .. knot "dry"
That won't do shit for her credit besides give her a bump in score.
If she did what u just said she could easily have a 700 credit rating, but if she went to apply for a car loan, house, or anything of significant value that score isn't going to help her. All that it is going to show is that she can handle a $15/mo payment. Lenders aren't going to take a risk on say a $10,000 car when she has no comparable payment history.
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