establishing credit w/ out a job

KaneKungFu123 · #1 07-28-2005, 08:05 PM

i have a credit card that i use. that is all. what else can i do to establish my credit? i live outside usa, so phone/gas is not in the picture.

FishHooks · #2 07-28-2005, 09:20 PM

I would also like to know the best way to establish credit, I'm a college student and I dont have a job, I make money on poker, no credit card just a debit card. What is the best way for me to establish credit?

GeorgeF · #3 07-28-2005, 10:44 PM

Go to CC web sites and apply. My guess is someone will give you a low limit.

Have Daddy cosign.

BadBoyBenny · #4 07-28-2005, 10:48 PM

Borrow money, pay it back.

Sniper · #5 07-29-2005, 01:32 AM

Its already been suggested that you get a credit card.. most offer them to college students, check around campus for flyers. Use it and pay it off each month, every six months ask for a credit line increase.

You can also deposit $500-$1000 in a bank CD. Ask the bank to give you a personal loan secured by the CD. Make your regular monthly payments higher than the minimum.

FishHooks · #6 07-29-2005, 09:43 AM

Ahh I kinda like that CD idea, I thought most CD's require something like a 5k minimum

Sniper · #7 07-29-2005, 12:47 PM

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I thought most CD's require something like a 5k minimum

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I just checked Citibank's web site, their minimum is $500.

Lawrence Ng · #8 07-31-2005, 10:31 PM

Increase the limit on your CC.

Lawrence

FishHooks · #9 08-01-2005, 12:09 AM

Say I do get a credit card, and buy $200 worth of stuff the first week. Does the intrest only start if you dont pay it off after 1 month? Also can you hook up a credit card to your bank, so if you use your credit card for $200 then you can just transfer $200 from your bank to your credit card company online.

Sniper · #10 08-01-2005, 01:44 AM

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Does the intrest only start if you dont pay it off after 1 month?

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Most credit cards have a grace period, where if you pay off the full balance by the due date, you will not be charged any interest.

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Also can you hook up a credit card to your bank, so if you use your credit card for $200 then you can just transfer $200 from your bank to your credit card company online

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Most credit cards can be payed online by transfering $$ from your bank account.