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ok, so im tryna build ma credit..i have no credit at ALL!.its hard to get things, (apartment, car, etc.) widout it. im new to it so anyone got ideas as of how i can get credit?.

needta build ma credit but how?.

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Anonymous

Asked by Anonymous at 8:01 AM on Oct. 22, 2008 in Money & Work

Answers (18)
  • do u have an Aarons ?? (its a furniture rental place) ... if so ... anything u rent goes to the credit buearu ... my bf had no credit either ... and we rented a tv and stand for $126 twice a mth , and his credit is REALLY good right now
    tha-hawt-mommie

    Answer by tha-hawt-mommie at 8:07 AM on Oct. 22, 2008

  • OMG don't use one of those places. You pay double retail for something. Save money, pay cash. No credit needed. TADA. Lost art these days I know, but watch the news. Credit has worked so well for this country so far.....
    Anonymous

    Answer by Anonymous at 8:11 AM on Oct. 22, 2008

  • actually aarons isnt like that , their things are the same price as they are in best buy ... we shopped around b4 we went there to get the tv ...
    tha-hawt-mommie

    Answer by tha-hawt-mommie at 8:17 AM on Oct. 22, 2008

  • Actually I agree, Aaron's is a good idea. Just don't rent something that you can't afford. Start small, then move on to the more needed bigger stuff.
    2003HotMomma

    Answer by 2003HotMomma at 8:31 AM on Oct. 22, 2008

  • purchase a certificate of deposit, and then using it as collateral for a loan of the same amount. (The fastest way I know how.)
    BlueSaphire

    Answer by BlueSaphire at 8:44 AM on Oct. 22, 2008

  • Yea but your RENTING which means you have to return it. It's not yours and that "renting" money is such a waste. I agree with the first annonymous although in all reality people do need credit in some instances. With that said, a way to start building credit is to go through your credit report and fix your bad credit. Pay off what needs to be paid off. Dont close the accounts that are still open, just dont touch them. Don't add any more debt to them either. NO MATTER WHAT!! Then get a capital one credit card ( it's rare bthat they turn people down even with no or bad credit) and pay it monthly. Make sure you dont miss those payments!!!!! gradually this will build your credit and you will be able to apply for more credit cards. This wont happen over night but you have to start somewhere, right?
    MomToFour247

    Answer by MomToFour247 at 8:46 AM on Oct. 22, 2008

  • If your credit is REALLY bad and capital one turns you down, there are companies that work like a credit buerea but it's debit cards. You have to send money in first and its almost like a weekly allowance of your money and they monitor your spending. Good luck! My hubby is in real estate and is also a financial counselor. If you have any other questions PM me. Good luck :)
    MomToFour247

    Answer by MomToFour247 at 8:46 AM on Oct. 22, 2008

  • Thats just like leasing a car. What a huge waste! Is Aaron's rent to own? That makes more sense.
    MomToFour247

    Answer by MomToFour247 at 8:49 AM on Oct. 22, 2008

  • aarons u dont give it back unless u dont want it or start to not b able to afford it ... in our paperwork , its OURS ... its def rent to own , unless sumthin goes wrong and ur no longer able to afford it ... so its not a waste
    tha-hawt-mommie

    Answer by tha-hawt-mommie at 8:50 AM on Oct. 22, 2008

  • Blue Sapphire's answer is the best and most correct. Plus, you will be earning a decent bit of intrest in the mean time.
    lilmami81

    Answer by lilmami81 at 8:56 AM on Oct. 22, 2008

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