How do i establish Credit?
Jun 28th 2005, 5:10 am
#16
Septicity
Joined: May 2004
Posts: 23,762
Re: How do i establish Credit?
Originally Posted by jasonabc
Well as someone who arrived here 18 months ago on a K1 with no credit and now has very good credit what makes you think I need your advice (or would even bother to take it?)
You don't! I post for the OP and any other readers who may be interested. If you are not interested, do not bother posting. If you believe my advice is erroneous, please do raise it and provide justification so we can all learn about these processes that sometimes confuse us. If you have something witty to add, this is always welcome.
I have no idea how you have such good credit or whether your self-assessment of your own credit is justifiable. If you wish to post details and are interested in my assessment, please feel free to so do. If not, it doesn't really bother me.
Jun 28th 2005, 5:19 am
#17
Forum Regular
Joined: Jul 2003
Location: Los Angeles
Posts: 83
Re: How do i establish Credit?
Originally Posted by fatbrit
I have no idea how you have such good credit or whether your self-assessment of your own credit is justifiable. If you wish to post details and are interested in my assessment, please feel free to so do. If not, it doesn't really bother me.
So you'll forgive me if I don't offer such information to you as my details would be as difficult for you to accept as UKinTheUSA's were.
Jun 28th 2005, 5:32 am
#18
Septicity
Joined: May 2004
Posts: 23,762
Re: How do i establish Credit?
Originally Posted by jasonabc
As someone who arrived here 18 months ago on a K1 with no credit and now has very good credit what makes you think I need your advice (or would even bother to take it?)
Okay - so if you're not telling, let me start guessing. You probably have a reasonable FICO score since you piggy-backed off the USC spouse. However, if you only have 18 months of residence, I'd guess we'd be lucky to draw out 12 months of work experience. Sorry, you'd find it impossible to qualify for an "A' paper mortgage on your own merits. Is this excellent credit? I think not. Probably struggle for an FHA.
Jun 28th 2005, 6:17 am
#19
Mrs. Yank
Joined: Feb 2002
Location: South Carolina
Posts: 352
Re: How do I establish Credit?
I was rejected for mainstream credit cards twice, when our local Credit Union was willing to 'take a gamble' with me.
Have to admit that they probably did it as a favor to my hubby, but that aside.
I do not believe in debt, so it didn't bother me one bit that the interest on the card is sky high.
I never intend to use it. I use the card however, anywhere I can, and when the bill comes, I pay it - in full and on time.
A couple of weeks ago it was the turn of the south east to start applying for free credit reports*
from the three the big companies (*see below)
The first credit report I've ever seen with my name on it arrived a couple of days later.
Hmm... no debt, and even though a short history (only about 2.5 yrs) still excellent credit!
*https://www.annualcreditreport.com/cra/index.jsp
P.S. Clark Howard recommends you take turns and apply for each
of the free credit reports four months apart, to cover the year
Have to admit that they probably did it as a favor to my hubby, but that aside.
I do not believe in debt, so it didn't bother me one bit that the interest on the card is sky high.
I never intend to use it. I use the card however, anywhere I can, and when the bill comes, I pay it - in full and on time.
A couple of weeks ago it was the turn of the south east to start applying for free credit reports*
from the three the big companies (*see below)
The first credit report I've ever seen with my name on it arrived a couple of days later.
Hmm... no debt, and even though a short history (only about 2.5 yrs) still excellent credit!
*https://www.annualcreditreport.com/cra/index.jsp
P.S. Clark Howard recommends you take turns and apply for each
of the free credit reports four months apart, to cover the year
Jun 28th 2005, 7:40 am
#20
Account Closed
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
Re: How do I establish Credit?
Originally Posted by Petra
P.S. Clark Howard recommends you take turns and apply for each of the free credit reports four months apart, to cover the year
Ian
