Credit history
#1
Just Joined
Thread Starter
Joined: Jan 2010
Location: Allentown PA but heading for NYC!
Posts: 2
Credit history
I moved to the US 2 1/2 weeks ago on a permanent basis. I have opened a bank account but cannot get store cards or a credit card because i have no credit history in the US - unless i have a credit card i can't establish any history - where do i start??????
#2
Re: Credit history
Of course, you may not need a car.
The interest rate we got was 6.95 (my wife has a credit rating of >800, so even with me the interest rate was not too bad), so we weren't getting raped in interest charges for the six months we kept the loan open.
#3
BE Enthusiast
Joined: Jan 2008
Location: SoCal
Posts: 437
Re: Credit history
Get a pre-paid store card, like a Target card. You put money on it and then draw down from it, but it is treated like a credit card. However, you need to have your social security number or tax ID number BEFORE, as I think the credit scoring can get lost if they don't link it to you SSN.
#4
Re: Credit history
You can get a secured credit card from the bank, it'll have a low limit and you will need to put up the cash to cover it but it will give you a step on the ladder and will be converted to a "real" card after about a year.
#6
Account Closed
Joined: Jun 2008
Posts: 760
Re: Credit history
I saw this on another forum somewhere
apparantly bank of america will give you 300 limit (dollars) you have to actually give them the 300 though and they send you a credit card, and basically you just make monthly payments.
Another to try is a mobile phone, that works like a credit build,
and i think capital one has something similar, where you pay x y z and they send you a card??
apparantly bank of america will give you 300 limit (dollars) you have to actually give them the 300 though and they send you a credit card, and basically you just make monthly payments.
Another to try is a mobile phone, that works like a credit build,
and i think capital one has something similar, where you pay x y z and they send you a card??
#7
Re: Credit history
When we got a secured card the limit was limited only by how much we were prepared to hand to the bank in security. I presumed that was the nature of the beastie...
#9
BE Enthusiast
Joined: Aug 2005
Posts: 360
Re: Credit history
Hope you got my e mail yesterday.....I got the secured credit card, and I think the advice on store cards is spot on too. Talk soon xx
#10
Re: Credit history
Rene
#11
Re: Credit history
We are looking at putting a large lump sum into my wifes american account
and then putting my name on the account as well, will that help????
and then putting my name on the account as well, will that help????
#12
Re: Credit history
For normal folks, play the secured cc trick.