by Rose Richards
Are you new to the world of credit cards? If you are, you may think this is a good thing as you have never run up debts or relied on money that technically isn't your own. However, have you applied for a card for the first time and been turned down? Are you wondering how on earth that could be? The honest answer is that getting a credit card with no credit history is not easy, but fear not! There are several things you can do to encourage lenders to accept your application.
The first thing to do is to get yourself registered on the electoral role. This will help the card providers to check out who you are and see that you are actually a real person. On top of this, it will show them that you are living at a permanent address and aren't moving around all over the place. When the lenders issue a credit card with no credit history, they need certain assurances and this step is really helpful to them. It is also the easiest step to take.
Secondly, if you have something like a mobile phone contract, or any sort of loan, make sure that you pay it on time and never default on the payment. The lenders are more likely to consider issuing you a credit card with no credit history if you can show that you are a potentially reliable borrower.
It's also much better if you have a job with a steady income. The banks and card companies will be much happier approving an application for a credit card with no credit history if they can see that you will be able to make the regular monthly repayments.
Never lie on your application form. It is fraud and will not help you at all in the long run. Remember, you are trying to build up trust between you and the lender so that they feel comfortable issuing you with a credit card with no credit history.
Finally, don't be tempted to apply for cards through multiple companies. If the lenders think that you are hungry for credit and in need of instant cash, they are very unlikely to issue a credit card with no credit history. In fact they are even unlikely to issue a card to someone with a good history if they can see they've made lots of applications recently. It just comes across as desperate and the alarm bells will start to ring.
Getting a credit card with no credit history isn't impossible and if you follow the simple suggestions above, you should find it much easier to get your application accepted.
http://goarticles.com/article/Can-I-get-a-credit-card-with-no-credit-history/5243133/
Are you new to the world of credit cards? If you are, you may think this is a good thing as you have never run up debts or relied on money that technically isn't your own. However, have you applied for a card for the first time and been turned down? Are you wondering how on earth that could be? The honest answer is that getting a credit card with no credit history is not easy, but fear not! There are several things you can do to encourage lenders to accept your application.
The first thing to do is to get yourself registered on the electoral role. This will help the card providers to check out who you are and see that you are actually a real person. On top of this, it will show them that you are living at a permanent address and aren't moving around all over the place. When the lenders issue a credit card with no credit history, they need certain assurances and this step is really helpful to them. It is also the easiest step to take.
Secondly, if you have something like a mobile phone contract, or any sort of loan, make sure that you pay it on time and never default on the payment. The lenders are more likely to consider issuing you a credit card with no credit history if you can show that you are a potentially reliable borrower.
It's also much better if you have a job with a steady income. The banks and card companies will be much happier approving an application for a credit card with no credit history if they can see that you will be able to make the regular monthly repayments.
Never lie on your application form. It is fraud and will not help you at all in the long run. Remember, you are trying to build up trust between you and the lender so that they feel comfortable issuing you with a credit card with no credit history.
Finally, don't be tempted to apply for cards through multiple companies. If the lenders think that you are hungry for credit and in need of instant cash, they are very unlikely to issue a credit card with no credit history. In fact they are even unlikely to issue a card to someone with a good history if they can see they've made lots of applications recently. It just comes across as desperate and the alarm bells will start to ring.
Getting a credit card with no credit history isn't impossible and if you follow the simple suggestions above, you should find it much easier to get your application accepted.
http://goarticles.com/article/Can-I-get-a-credit-card-with-no-credit-history/5243133/
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