Question by jay200318: How do I rebuild from bad credit if denied a secured credit card, loans and parents won’t co sign?
I am 25 years old and am forced to live at home with parents still due to low income and my current employer is discriminating against me because i have a brain injury from birth which causes severe mental disorders and makes it hard to live a normal life. I do my job just as well as everyone else in my service department as my performance reviews will show and they are also not giving me my proper raise and have cut my hours for over the last 6 months to only weekends up to 8 hours a week. Everyone else gets 4-5 days and 15-30 hours a week. I have bad credit history due to in proper management of past credit cards back in 2004-2005. All of my debts have been paid off since 2008. My negative items will drop off my reports by January 1, 2013. I have not had credit since 2005. I was going to deposit $ 300 for a secured credit card from Bank Of america as was denied. My bank denied me a personal secured loan. An experian credit analyst suggested I be put on one of there credit accounts because they have good credit history and payments, but they will not co sign for me or authorize this because they said it will ding their credit. So what am I supposed to do? I have no debt’s at all a short credit history and bad payment history. Any suggestions? Thank you!
Mature answers only please! No rude or obscene comments will be tolerated! Cash is NOT an option anymore as obviously it does not build credit.
Another thing to mention is I have been diened employment in the past and if I were to get a car which I havent had in 5 years my rates are very high. I do have a good drving record but its because my credit is not good. I also am supposed to get section 8 housing in 2011 after another 2 1/2 yr wait on the list and i dont want to pass it up again. I am going thru alot of problems with my family and I need to get out of here, its causing health problems now! I cant just keep on sitting around and waiting till things clear up, I need to act now or by the time I am almost 30 years old I will still be stuck in the same position. Thats no way to have to live life honestly. I was convicted of motor burgurly in 2004 when i was younger and paid my debt to society but cant have it expunged so I have that against me as well. Sometimes bad things happen to good people I suppose. I absolutley hate having living here and off SSDI and minimum wage job that discriminates against me. I deserve better!
Best answer:
Answer by sar
there is no way that you cant get a secured credit card try different bank
Add your own answer in the comments!
Bribe the banker.
Your work hours indicate you don’ t make too much money. So, my suggestion is to open a savings account an save as much money as possible until 2013. Then reconsider your need for a credit card. No one NEEDS a credit card. They are not NECESSITIES, they are what I call NICE-ities. Nice to have but not necessary. I, myself, do very well without one (for over 20 years). Credit card issuers are going to bring back annual fees for possessing a credit card, they’ll reduce the exchange rate for rewards program points, and they’ll raise interest rates to the highest possible level. In that light, if you can’t afford to pay cash, you surely can’t afford to charge it.
Do nothing for three years. After the negative items drop off your credit report, try for a secured credit card at a good bank (not Bank of America, which is dishonest).
Something isn’t quite right because anyone should be able to get a secured credit card because you are putting the money up as collateral. If you look at http://www.comebackcredit.com, there is a post about secured cards and there are 2 or 3 listed that are guaranteed approval.
You say your debts are old and paid off. You should then dispute them. Many times when a credit card is paid off, the lender won’t even bother to verify. You may be able to get some removed. That can really help.
Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – buildcredit.ifastnet.com
Well If you have money problem and u want loan. Few days ago my friend having very bad financial crises so while he was searching on Internet for Bad credit loan he found a site which contain link for Geniune lender for Bad credit Loan. He checked all 8 links in that each link offer different interest rate and repayment time.
My Friend got loan of 25000$ for 15 years on 6% interest rate which should be payed annually.
Well you go to
Dixiloan.com
Then Go to “Bad Credit Loan”
Hopefully you will get loan from there.
Take Care
Bye!