- Centurion Member
- Posts: 204
- Joined: Tue Oct 30, 2012 10:25 am
- Location: TX
Don't think of it as for "bad credit", think of it as for "a thin file". I had an 800+ score, about $40k available credit in credit cards (half/half between AU and JU), student loans, no late bills, a mortgage paid, and a mortgage open... and I still got denied for a measly store card. So I did what I needed to do to get what I wanted... I picked up a starter card, waited a bit, picked up some ho-hum cards, waited a bit, and now I'm starting to pick up some prime cards.
You can do the same. What do you need to do to get what you want?
Plop down $500 somewhere and pick up a secured card. Don't worry about thinking, "Oh, ew, this is the card that everyone with a 500 score tries for." Just think, "Hey, this dumb card will get me closer to what I want." Use it responsibly.
Pick up a side job somewhere. Don't just sponge off your parents, no matter how much economic sense it makes. Contribute to the household while you're living under their roof, and take pride in being a contributor, and sock the rest away into savings. Your work-from-home is a good start, but "only started making money this month" sounds a little unreliable. Unless you have a medical reason, or are trying to stay home to be with a small child, or something like that, pick up 20 or 30 hours for the extra income. It will please your parents, it will help you grow, and it will look good to the credit card companies, too.
I heard an interesting quote yesterday... "The present exists to help build the future." How are you using your present time to help build a solid future for yourself?