Free Article: Credit Repair

You are here:
Directory | Credit Repair |

Applying for Credit Cards With No Credit History
By Myles Johnstone

If you don't currently have a credit card, apply for one. Keep in mind the general guidelines under the when completing your credit application. Don't lie, but at the same time you want to present yourself in the best possible light. If you do not any credit, your best bet in securing a credit card is to apply at places like department stores or gasoline companies.

These companies usually open your account with a very low credit line. If you start with one credit card, charge items, and pay the bill on time, other companies will issue you a card. When you use department store and gasoline cards, try not to carry a balance from one month to the next. The interest rate on these cards can be very high.

Once you are ready, apply for a regular credit card from a bank, such as a Visa, Master Card, or Discover card. Competition for customers is fierce, and you may be able to find a card with relatively low initial rates. Depending on how bad your credit history is, however, you may be eligible only for a low credit line or a card with a high interest rate. If you use the card and make your payments, after a year or so you can apply to increase your line of credit or reduce the interest rate.

About the Author
Myles Johnstone writes exclusively for finance related sites such as Refinancing Finance Info.com, Vehicle Finance Info.com and finance Solutions info.com where he writes about credit repair

Source: Top Finance Articles

NOTE: You may only use this article if the source, author details and links remain and are kept active. We use copyscape and other similar tools to ensure our content has this information with the article.

 

Related Credit Repair Articles:

4 Ways To Help Boost Your Credit Score
5 Questions You Must Ask A Credit Counseling Service Before Deciding
8 Solid Tips When Applying For Credit Cards
A List Of Rights You Have Against Debt Collectors (Part 1)
A List Of Rights You Have Against Debt Collectors (Part 2)
A List Of Rights You Have Against Debt Collectors (Part 3)
All Women Need To Read This - Understanding The Equal Credit Opportunity Act
Applying For A Credit Card - Check Out These 5 Comparison Shopping Tips
Are You A High Risk Or Low Risk Credit Applican - Understanding Your FICA Score
Are You Unemployed - Learn The Smart Way To Utilize Your Credit & Your Cash
Benefits Of A Debt-Management Plan
Benefits Of Working With A Credit Counseling Agency (Part 1)
Benefits Of Working With A Credit Counseling Agency (Part 2)
Cleaning Up Your Credit, Without Paying
Disputing With Credit Bureaus - Know Your Rights
Filing For Bankruptcy - Which Plan Is Right For You
Financial Records - Create An Effective Filing System
How Being Frugal Can Help You Gain Financial Independence
How Identity Theft Can Crash In Innocent Person's Credit
How To Build Credit In Your Own Name After A Divorce
Innovis - The Credit Report You've Probably Never Heard Of
It's Tough To Save Money When You Are Already Broke – But You Can Do It!
Learn How To Have Your Student Loans Canceled
Learn How To Read Your Credit Report
Myth - Closing Credit Accounts Will Help Your Score
Questionnaire To Determine If Your Future Spouse Is Financially Compatible
Relationships & Money - Research Your Partner's Debts Before Making Big Choices
Saving Money & Becoming Debt-Free Requires Deep Changes
Staying Out Of Debt With The IRS At Tax-Time
Talking With A Creditor - 5 Steps Of The Negotiation Cycle
The Benefits Of Keeping An Open Checking Account
The Importance Of Keeping Good Financial Records
The Shocking Truth Behind Credit Report Inaccuracies
Ways To Get Out Of Debt & Save Money (Part 1)
Ways To Get Out Of Debt & Save Money (Part 2)
Ways To Get Out Of Debt & Save Money (Part 3)
What Are Rapid Rescoring Services & How Can They Help My Credit
What To Do When There Is A Bank Error In Credit Reporting
What's The Best Time To Negotiate With Creditors
Why Do So Many Adults Have A Hard Time Managing Their Money

A few shorter credit/debt repair articles:

2 Reasons Why Big-Ticket Purchases Can Help Your Credit
3 Additional Ways Of Adding Positive Information To Your Credit File
3 Of The Biggest Credit Repair Mistakes You Must Avoid
3 Ways To Protect Yourself From Credit Card Fraud
6 Ways To Protect Your Social Security Number
11 Ways Your Identity Can Be Stolen
Applying for Credit Cards With No Credit History
Are Retail Stores Risking Your Credit Card Numbers
Discipline Yourself When It Comes To Spending Money
Having No Credit Is Worse Than Having Bad Credit
Learn How To Stop Collection Agencies From Harassing You
More Reasons Not To Close Older Open Credit Accounts
Timing Is Important When Negotiating A Settlement With The Bank
Tips To Help You Negotiate With A Creditor
Using Local Merchants To Help Get Good Marks On Your Credit Report
What Marks Should I Accept On My File From A Creditor?

< Back to more recent credit repair articles

You may also be interested in our Finance articles.