[color="purple"]I know how you feel, I live in Canada and yet I get denied every chance i get and yet i never owned a single credit card. so that is why i have what is known as a visa advantage debit card (which is a bank card w/the ability of a credit card all in one). however, it does not charge it like an actual credit card. it just makes it easier to order online. [/color]
mrsandman wrote:Ok, I need some advice!
I'm 19, part-time college student, full-time hotel auditor. I make almost $24,000/yr currently. I have applied for a few different cards since I turned 18, my parents have always had bad credit so I understand the importance of having good credit.
When I was 18 I took out my first auto loan for $5,000 (co-signed w/ parents). I paid off the loan within 10 months. Around this time my credit score was sitting at a 690. I recently got a new auto loan for almost $7,000 (In my name only). Made the first payment a couple weeks ago.
My credit is currently at 635. I do still live with my parents, and pay them $250/mo to rent the upstairs apartment in our house. Other than that, my only other expenses are my auto loan and gas. Very frugal with my money.
I recently wanted to get a home mortgage for $20,000 to obtain a rental property. The guy told me I did not have enough open credit lines (4 required). I would have been approved otherwise.
I've applied for maybe 6 credit cards since I turned 18. I've been declined every single time. It's very frustrating. I'm an extremely hard worker, make a good amount of money (for my age!), and have NEVER missed a payment. Amazon even shot me down. All of the explanations say it's because I have "limited credit history." Of course I have limited history, I can't get approved for anything!!
The card I most recently applied for was Citi Forward and got declined immediately. From all the forums I read, I should have got approved.
Any recommended cards or advice is appreciated! Again, very frustrated!!! Let me know if you need more info.