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Catch 22?

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jeremy032180
Guest
Subject: Catch 22?
 
 Posted on Thu Feb 09, 2012 1:07 am  
Hello,

I currently have a score of 550 (from Experian) and I have 100% credit and 0 debt. I have 3 closed accounts that should be removed by first quarter 2013. I haven't tried to get any credit in a while, but I was getting turned down.. I'm not sure a 550 will get much credit anywhere, but I've seen things online saying some places will give you a card or a car loan but with a very high rate, not sure how true this is.

How can I get a credit line when nobody will give me a credit line, as I have no credit?

It seems like a nasty circle.
sallynachelle



Joined: 10 Jun 2011
sallynachelle's page
Posts: 210



1423 Magic Points
Subject: Catch 22?
 
 Posted on Thu Feb 09, 2012 9:29 am  
It’s very difficult to get a loan with a low credit score. Most of the financial institution may not agree to give you a loan, when they will find that you have low credit score. You may try to get help from your friends and family members.
Teressa
Guest
Subject: Catch 22?
 
 Posted on Mon Feb 20, 2012 12:09 am  
You can go to a Rent to Own store for Furniture, Appliances and Computers like Aaron's and get something small and pay it off in 6 months. They do not check credit there.

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