Is no credit bad credit?

Connie Dickirson: Avoid store credit cards!!. They typically have higher rates always and longer to pay off. Creditors look at how are you going to be able to pay them back. If you have no credit , they have no history to based their decision on. Unfortunately, during this time everyone is going to have a hard time due to creditors are being more cautious on who they are issuing credit cards too. HSBC or Capital One has beginner credit cards that you can definitely check and start you out with a limit typically from 300-2000 credit limit. Also establish an account with a credit union they normally offer better rates and will help you transition into full credit adulthood. You are more likely to get an installment loan from them as well which definitely helps your credit better than revolving credit. ...Show more

Marti Declue: I Get credit every day by having 2 Beautiful Daughters and a Wonderful Sweet--Caring GRAND-child.

Rivka Killmer: No credit is not bad cr! edit, and it is better than bad credit. However, you should try and establish a credit card account, the larger department stores is a good place to start, like Macy's or JCPenney. Use the card wisely (as you should with all credit cards), and make your payments on time--any by the way it is good practice to pay off the account if possible. This can be accomplished by not making huge purchases.

Elvin Weichbrodt: yes, credit is funny everyone wants you to have it but no one wants to give it to you.start with department stores. they give almost anyone credit cards. then go to target, maybe giant eagle after that. then get a checking account. ...Show more

Rayford Latz: and what kind of credit card can i get with no credit

Madlyn Fallis: You need some form of credit history. Open up a bank account at least as that will then go on your credit history.I don't think you can get a credit card with no credit! A credit card with a 0% interest free period if ! you pay it off in full every month may be suitable. If you ca! n do this (as long as you can make the payments), that will go on your credit history too....Show more

Marcelina Schossow: can i get a credit card at a local wall-mart

Azzie Trembly: having no credit, is better than bad credit.. talk to bank of America or someone about opening an account then after a while ask them about a credit card.