HEY everybody, look at the NEW guy! - Page 2

**Halon** · 03-05-2005

A Visa debit card isn't going to do anything for your credit. But your bank should offer an actual credit card. Just get one, keep it in case of emergencies. Put a CD, or some gas on it, and pay it off at the end of the month. Do that every couple months and it'll help build your credit.

And about your 10k loan. I don't think any bank is just going to hand over 10k to some young buck with 0 credit. I don't know your income annually, but it'd prolly have to be pretty high for them to even consider it. When I went to my credit union, i told them I wanted to get a car loan. I didn't tell them how much the car was or anything, I just asked if I would even get approved for anything since I had no credit. So they did it up on their computer and said I would be approved for a max of 8k with 6% yearly interest. So I'd say just go to your bank, tell them you're looking to get a car, and will need a loan. And you want to know how much they'd approve you for, because you don't have a car or price decided on yet, just want to see the max they'd approve you for. See how much they will give you and go from there. If you can't find anyone to loan you the money, well then that's a bummer. That should just motivate you more to get some credit built up. I'm only 22 and I now have very good credit. I check my score twice a year. Things that have counted towards my score are loans, visa, military credit card, gordon jewlers cards, and a helzberg diamonds card. So hell if you wanted, go get your g/f a necklace as a gift from gordons and open a credit account. Pay it off in 2 months, and there's something that will help your credit out. Without credit it's hard man, gotta get started on that man!!

Swifty1638 · 03-05-2005

Well, if the g/f and i where still together, and she didn't leave me for some other guy, i'd prolly do that...

Anywhos, if i asked about a loan, would i really wanna say it's for a car? Cause, then they will tell me to get an auto loan, and they won't give me one for a dsm of that age. So, how would i go about asking for a loan? just say hey..i want a loan..how much could i get on 0 credit? personal loan? When i asked for the personal loan for the 500whp integra, they never asked what it was for, though I woulda said special purpose vehicle..cause, it is. Then again , i think personal loans are harder to get, cause you really don't have collateral for em..

-A. Swift

**scheides** · 03-05-2005

Buy mine!

http://www.dsmstyle.com/forums/showthread.php?t=6643

Jana · 03-05-2005

What Brandon (me612) was saying is, don't tell the bank what kind of car you are looking at...just go into to see what you'd be approved for.

As for not wanting credit cards, I can understand, but it's really the only way to build your credit. The best way it to open up 1 or 2, and only use them for things you know you can pay off at the end of each month. Just like it was stated already.

MATCHBX · 03-05-2005

You could always go and buy a few (yes I said only a few) tools from Snap-On, or Mac or Matco and pay them on time. Believe me, if you want to buy a DSM, you'll need tools.

I worked in a shop and went a little overboard on the Snap-On Truck, but I have kept up the payments and my credit score went from the toilet to near the top rack in only a short time.

Oh BTW, welcome. If you know Korey, then you probably have heard about ProRally from him and Micah (old Snap-On guy). When you get your DSM you should come out and check out the rally's. It's fun as hell.

Swifty1638 · 03-05-2005

Thanks..I actually just paid off the matco guy, the mac guy, and I only owe 20 bucks to the snap-on guy. I need a new tool box, and some more tools, as I work on cars..tools are needed. But, they where all truck accounts..not sure if that even helps with credit, as they where not credit accounts..

-A. Swift

MATCHBX · 03-05-2005

No. You have to do it through snap-on or mac or matco credit, not the truck accounts. You will end up paying interest but it's worth it in the end. As long as you don't go overboard.

BTW, I've got a Snap-on box for sale. It'll cost about as much as a very good 1g but it is very nice. It's in the classifieds forum if you're interested.

Raptor · 03-05-2005

What man love just said.

92.5Talon · 03-05-2005

Welcome!