| Oddly enough, not only will bad credit work | | | | If you are a credit union member, or are |
| against you when applying for a loan or a | | | | eligible for membership, see what their card |
| credit card, but no credit will too. Even | | | | issuing terms are. Although they are no |
| though this doesn't seem fair, it is the way | | | | giving out cards with their eyes closed, they |
| things work in the complicated world of | | | | will often have more relaxed conditions for |
| consumer credit. Lenders are leery about | | | | members. You no longer have to work for a |
| opening accounts for people with no credit | | | | specific company to be eligible to join a |
| history because they simply have nothing to | | | | credit union. So it's well worth checking if |
| base your reliability on. | | | | there's one in your area. |
| | | | |
| So, if you can't build a credit history | | | | Secured Credit Cards |
| without credit and you can't get credit | | | | |
| without a credit history, just what has a | | | | Secured credit cards are offered by lenders |
| person to do? It's nearly impossible to rent | | | | who will give you a line of credit that |
| a car, stay in a hotel, or shop online | | | | either matches, or is slightly higher than, a |
| without a credit card, so let's explore a few | | | | cash deposit that you give them to hold. As |
| of the options that can eliminate this | | | | your experience with the card grows, these |
| Catch-22. | | | | lenders will often raise your limit without |
| | | | requiring you to increase your deposit. |
| Available Credit Options | | | | Eventually, you can use your experience with |
| | | | this lender to apply for cards that are not |
| Although many of the major credit card | | | | secured. |
| companies won't give you a card without a | | | | |
| credit history, some smaller ones, like | | | | Student Credit Cards |
| department stores, will. Find a department | | | | |
| store that will issue you a card and apply | | | | If you are a student, then you'll be best off |
| for it. You can try getting a gas station | | | | with a student credit card. Student credit |
| card also. Either way, use your card but be | | | | cards can be a great way of building the |
| sure to make all payments on time. Your goal | | | | credit history that you will need to depend |
| is to build a good credit history, not just | | | | upon after graduation. The important thing |
| get a credit card. | | | | here is to remember to use that opportunity |
| | | | wisely. Many banks will issue college |
| Find a credit card company that will review | | | | students a credit card, especially banks that |
| your overall financial situation and not just | | | | are located in college or university cities |
| your credit history. Some lenders will look | | | | and towns. |
| at your employment history, your housing | | | | |
| situation, and how often you have moved. If | | | | When you do manage to get a credit card, |
| this is all on the up and up, they may | | | | remember that you are establishing a credit |
| approve your application. Again, use this | | | | history. Show that you are a good financial |
| card wisely. | | | | risk by paying the bill on time. Don't go |
| | | | crazy with the spending. It will only cause |
| Credit Unions | | | | you problems in the future. |
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