How to Build Good Credit?

[Alf]

I would like to apply for credit cards so I can afford games at Steam. Be game rich!

[Kapri]

wut

[☆Kay☆]

That's not how credit cards work.

[wookiecharmander]

Steam doesn't care about your credit score either way I think you need to take out a loan and just pay it on time

[Alf]

Paradox původně napsal:

That's not how credit cards work.

How does it work?

Wookiecharmander původně napsal:

Steam doesn't care about your credit score either way I think you need to take out a loan and just pay it on time

I want to build such great credit score that banks would throw me credit cards so I can buy games at Steam. Be game rich!

[wookiecharmander]

Anna Kist původně napsal:

Take it from me, stay as far away from credit cards as you can! I have one, and I'm currently $2000 in debt.

0_0

[KW17]

Ideally you shouldn't be 'building credit'. You will save more money by buying wallet funds from the store with cash.

[↑↑↓↓←→←→BASelect]

You will have to pay it back with interest and being a new credit card holder the interest will be high. And if you only make minimum payments most of your payment goes on the interest and only a little goes on your principal balance.

[Alf]

SnakeFist původně napsal:

You will have to pay it back with interest and being a new credit card holder the interest will be high. And if you only make minimum payments most of your payment goes on the interest and only a little goes on your principal balance.

If I get good enough credit I can apply for 21 months zero interest!

Citi 21 months 0% interest[www.citi.com]

[☆Kay☆]

Hellraiser původně napsal:

SnakeFist původně napsal:

You will have to pay it back with interest and being a new credit card holder the interest will be high. And if you only make minimum payments most of your payment goes on the interest and only a little goes on your principal balance.

If I get good enough credit I can apply for 21 months zero interest!

Citi 21 months 0% interest[www.citi.com]

And they will most likely stack that interest after the 21 months.


Edit: If you really want a credit card, go with a debit card. At least that way you have full control of what goes into the card and whats comes out. No interest rates or any other scummy bank practices.

[Alf]

Paradox původně napsal:

Edit: If you really want a credit card, go with a debit card.

But I have no money. My friend says the bank don't verify your income.

[↑↑↓↓←→←→BASelect]

Paradox původně napsal:

Hellraiser původně napsal:

If I get good enough credit I can apply for 21 months zero interest!

Citi 21 months 0% interest[www.citi.com]

And they will most likely stack that interest after the 21 months.

In order to be aproved you have to have a decent credit score. If not they will deny you for having to low of a credit score cause yes they will check it to see if you are a bad risk. Also having no credit history is also bad and they won't lend you money cause you need to have a higher credit score to approve you. So baiscly you have to have credit to get credit if you have a low score or no credit score then you don't get the credit card. So your going to ask how can i get credit if they won't give it to me well that is where the catch 22 comes in to play.

[↑↑↓↓←→←→BASelect]

Hellraiser původně napsal:

Paradox původně napsal:

Edit: If you really want a credit card, go with a debit card.

But I have no money. My friend says the bank don't verify your income.

Oh yes they do. To see if you can afford to pay it back and also to have enough to live on.

[Radical Left Lunatic]

Hellraiser původně napsal:

SnakeFist původně napsal:

You will have to pay it back with interest and being a new credit card holder the interest will be high. And if you only make minimum payments most of your payment goes on the interest and only a little goes on your principal balance.

If I get good enough credit I can apply for 21 months zero interest!

Citi 21 months 0% interest[www.citi.com]

To get a good credit score you need to buy things on credit and make payments on it(Pretty much it). Not paying your credit balance off or not buying anything on credit with deterorate your credit score. Steam games are very very cheap. If you need a credit card to purchase a few cheap games then you should not have one at all as it is obvious you would rack up massive debt and then it would actually be hard to get anything at all let alone a steam game. Credit is not free money, you are going to pay it back with intrest and in the end the credit companys are making a massive profit off of you.

It is acceptable to use credit for large transactions you would normally not be able to afford, such as a last minute vaction with friends, a car or a house are acceptable uses of credit.

[Alf]

SnakeFist původně napsal:

Paradox původně napsal:

And they will most likely stack that interest after the 21 months.

In order to be aproved you have to have a decent credit score. If not they will deny you for having to low of a credit score xause yes they will check it to see if you are a bad risk. Also having no credit history os also bad and they won't lend you money cause you need to have a higher credit score to approve you. So baiscly you have to have credit to get credit if you have a low score or no credit score then you don't get the credit card. So your going to ask how can i get credit if they won't give it to mewell thatis where the catch 22 comes in to play.

My friend just told me how to start credit without having a credit history. You can perform the shopping cart trick where you pretend to buy something online and an offer will show up to apply for a credit card which is not a hard inquiry but a soft which the bank can't see much information on your credit report.

"Why Is This Useful?

There are three main reasons as to why you might find this trick helpful:

Help to build your credit when your credit is bad. Because they don’t do a hard pull on your credit report, they will not be able to see if you have any bankruptcies on file or other derogatory items. Typically lenders feel more comfortable loaning to people with bad credit that have received credit from other lenders, as this allows the borrower to show that they are capable of making on time payments and might have turned over a new leaf."

How to Qualify for Credit Card without a Credit History[www.doctorofcredit.com]

[☆Kay☆]

Hellraiser původně napsal:

SnakeFist původně napsal:

In order to be aproved you have to have a decent credit score. If not they will deny you for having to low of a credit score xause yes they will check it to see if you are a bad risk. Also having no credit history os also bad and they won't lend you money cause you need to have a higher credit score to approve you. So baiscly you have to have credit to get credit if you have a low score or no credit score then you don't get the credit card. So your going to ask how can i get credit if they won't give it to mewell thatis where the catch 22 comes in to play.

My friend just told me how to start credit without having a credit history:

"Why Is This Useful?

There are three main reasons as to why you might find this trick helpful:

Help to build your credit when your credit is bad. Because they don’t do a hard pull on your credit report, they will not be able to see if you have any bankruptcies on file or other derogatory items. Typically lenders feel more comfortable loaning to people with bad credit that have received credit from other lenders, as this allows the borrower to show that they are capable of making on time payments and might have turned over a new leaf." How to Qualify for Credit Card without a Credit History[www.doctorofcredit.com]

Your friend is a bad influence.