COMMUNITY The Cookout (1M views)
- Thread starter Loquacious
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AZTG
OG
ImaInfluenza
Who do you think you are? I am
Hey yall (swizz beats voice)
ImaInfluenza
Who do you think you are? I am
When you wake up in the morning, the internet be like.
Hey, just incase your sleep revitalized your belief in humanity. Heres some fucked up shit that happen while you were away.
Hey, just incase your sleep revitalized your belief in humanity. Heres some fucked up shit that happen while you were away.
Joshie Kahn
"I can fix that"
Credit experts, what's the best advice for when you have 0 credit history and want to build? Do I just pay a deposit on a card and put netflix or something on it?
JUDAH
OG
Go get a secured credit card.
I've seen some as low as $300. Put that money down. They hold ot as long as you keep the card open. Then use that on your normal expenses and pay it off every month.
After like a year or two you'll have established credit and go from there. You should be able to qualify for a regular credit card and small loans at that point. When you close the secured card, they give whatever money you put down back.
Gave my younger homie the same advice. He had no credit. Got a job in construction. After like 2-3 years he was able to qualify for a mortgage.
Signs of this friendship ending.
OhMars
MEH!
The universe moves without prompt. I love you Kandy
I love you too buddy.
We made volcanoes in class today. Our first experiment.
JUDAH
OG
@Joshie Kahn also depending on the lender/bank, if you use the secured card responsibly they may allow you to upgrade it to an unsecured card and give you the money you put down back.
OhMars
MEH!
What Judah said is spot on. You are young so you might qualify for an actual credit card from you bank of you've been with them long enough.
Just use it for something specific, like buy all your gas with it then pay it off in full every month.
Hater Hearst Helmsley
I AM THE GAME
Not today.
Hater Hearst Helmsley
I AM THE GAME
ImaInfluenza
Who do you think you are? I am
Mmmm, that's some cold shit
JUDAH
OG
Another thing @Joshie Kahn
If you already don't know, when you get a card and start building good history on it (years of good payment history), don't close it when you get a new card. When you close a card you lose that credit history. Banks look at the age of your history as a qualifier. You want to have a few open lines with good history on file.
So if you go the route i mentioned, if you end up qualifying for a unsecured card, keep the unsecured card open until you have comparable history built with an unsecured card to replace that one if you do decide you want to close it.
If you already don't know, when you get a card and start building good history on it (years of good payment history), don't close it when you get a new card. When you close a card you lose that credit history. Banks look at the age of your history as a qualifier. You want to have a few open lines with good history on file.
So if you go the route i mentioned, if you end up qualifying for a unsecured card, keep the unsecured card open until you have comparable history built with an unsecured card to replace that one if you do decide you want to close it.
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