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start small and get a gas card thats what i did
just keep paying it off though and then move up to a big kid credit card ya gotta put down the ducky sometime zero

I will get one...when I need one...until then, I'm good.

Kiel	10-26-2007 10:56 AM

Capital One is considered subprime.

Z3R0	10-26-2007 10:57 AM

Quote:

Originally Posted by Kiel (Post 704583)

Capital One is considered subprime.

The keep sending me letters

Kiel	10-26-2007 10:57 AM

Quote:

Originally Posted by Z3R0 (Post 704582)

I will get one...when I need one...until then, I'm good.

No, that's stupid. Length of credit history matters MASSIVELY when it comes to your credit. Open a card now even if you don't spend anything on it. You're only ****ing yourself by waiting.

where'smyturbo?

10-26-2007 10:58 AM

hmm. but it will eventually build my credit, right? either way i'm not worried because i took out a loan. that will build my credit.

redwrxwagon02

10-26-2007 10:58 AM

Quote:

Originally Posted by where'smyturbo? (Post 704579)

i am assuming capital one would be prime? or subprime?

precisely

Z3R0	10-26-2007 10:59 AM

Quote:

Originally Posted by Kiel (Post 704585)

No, that's stupid. Length of credit history matters MASSIVELY when it comes to your credit. Open a card now even if you don't spend anything on it. You're only ****ing yourself by waiting.

I don't want to get raped with intrest...:(

where'smyturbo?

10-26-2007 11:00 AM

use it once or twice a month for gas. pay it off before the statement is due. and you're good.

Kiel	10-26-2007 11:00 AM

Quote:

Originally Posted by Z3R0 (Post 704584)

The keep sending me letters

Yeah because you have no credit. You're not gonna get a Discover Platinum offer in the mail with no established credit.

Z3R0	10-26-2007 11:02 AM

Quote:

Originally Posted by Kiel (Post 704590)

Yeah because you have no credit. You're not gonna get a Discover Platinum offer in the mail with no established credit.

I hate credit offers.

where'smyturbo?

10-26-2007 11:03 AM

took me 8 months to establish credit after i turned 18. that **** was annoying.

CHAOS

10-26-2007 11:08 AM

boobytrap.

Z3R0	10-26-2007 11:08 AM

boobies!!!!!

Kiel	10-26-2007 11:10 AM

1) multiple credit lines help your credit, and diversity of credit type (student loan, personal loan, car loan, credit cards) helps your credit score
2) length of credit history (how old your oldest OPEN card is) is a major factor - even if you pay a card balance down to 0, DO NOT CLOSE THE ACCOUNT YOU WILL HURT YOUR CREDIT
3) pay ON TIME EVERY MONTH or you might as well punch yourself in the face
4) the ideal balance/credit limit ratio (known as "utilization") is 3-8% - basically meaning if you have a $1000 credit limit, the ideal balance to maintain is 30-80 dollars. yes it's difficult to maintain and NO you should not freak out if you can't meet that. but DO NOT MAX OUT YOUR CARDS, YOU WILL HURT YOUR CREDIT SCORE
5) the best thing to do with a credit card is keep it active with a low balance. buy coffee every day? put it on your credit card and PAY THE BILL OFF at the end of the month.

Kiel	10-26-2007 11:11 AM

Quote:

Originally Posted by Z3R0 (Post 704592)

I hate credit offers.

https://www.optoutprescreen.com/

opt out - no unsolicited offers for 5 years

Z3R0	10-26-2007 11:13 AM

Hmm a real car....*i need one*

Kiel	10-26-2007 11:15 AM

Quote:

Originally Posted by Z3R0 (Post 704605)

Hmm a real car....*i need one*

Hmm a credit card....*you need one*

redwrxwagon02

10-26-2007 11:16 AM

god i need to drink tonight thats i im getting booze on my lunchbreak
what should i get POLL

A. soco
B. jack
C. Wild Turkey 101
D. Beer of some sort
E. Jose

Kiel	10-26-2007 11:17 AM

G. fris vodka

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