So, my credit is great, but...

[BooBearSH]

Credit company says I need to use credit more. What credit cards do you recommend? P.s. I will be paying it monthly... if not more often...

Which kind will make the best credit?

[C0FFINCASE]

That's bullshit. You don't need to use credit more. They tell you that to make money off you. I have amazing credit and I own no credit cards and have no loans. I could buy a house tomorrow and no one would be upset I've never actively used my credit very much and the bank has always sent me crap telling me I need to get a credit card and start "building" credit but its simply untrue. You don't have to build credit if you already have it.

[BooBearSH]

That's bullshit. You don't need to use credit more. They tell you that to make money off you. I have amazing credit and I own no credit cards and have no loans. I could buy a house tomorrow and no one would be upset I've never actively used my credit very much and the bank has always sent me crap telling me I need to get a credit card and start "building" credit but its simply untrue. You don't have to build credit if you already have it.

Their point is that I only have one thing showing my credit, my student loan, and all lenders around here require 3 different loans or cards or whatever to okay the loan.

[Omlett]

If you need to build more credit for a loan, buy some groceries and pay it off as soon as the bill comes.

[C0FFINCASE]

Their point is that I only have one thing showing my credit, my student loan, and all lenders around here require 3 different loans or cards or whatever to okay the loan.

Again that sounds like bullshit. If you have good credit, you have good credit. Its not something that they can dispute really. I would find a different set of people to do business with, I would also suggest avoiding purchases that you can't pay for in cash.

[BooBearSH]

Again that sounds like bullshit. If you have good credit, you have good credit. Its not something that they can dispute really. I would find a different set of people to do business with, I would also suggest avoiding purchases that you can't pay for in cash.

Are you saying I should pay cash for the house? Lol.

@Omlett, you missed the whole point. Reread the first post.

Do payday loans help?

[CL0V3R]

Again that sounds like bullshit. If you have good credit, you have good credit. Its not something that they can dispute really. I would find a different set of people to do business with, I would also suggest avoiding purchases that you can't pay for in cash.

Then again if he doesn't have "any" credit it can be seen just the same as bad credit or worse. I don't think you're getting that.
What is the difference between having no credit and having bad credit?


@Boo: Establish Credit - How to Establish Credit

What I use to do was keep a credit card with a low APR and low credit limit. I'd use to buy candy, gas, what ever I knew I could pay off easy. From there I'd just pay it off around when it was due.

[C0FFINCASE]

Are you saying I should pay cash for the house? Lol.

@Omlett, you missed the whole point. Reread the first post.

Do payday loans help?

House is the only thing you don't have to pay cash for in my opinion. Also you never mentioned you were buying a house.
But there are reputable banks, credit unions, ect that won't ask you for more "proof" of credit that you already have.

[BooBearSH]

House is the only thing you don't have to pay cash for in my opinion. Also you never mentioned you were buying a house.
But there are reputable banks, credit unions, ect that won't ask you for more "proof" of credit that you already have.

Examples? You can IM...

[CL0V3R]

Examples? You can IM...

Also this depends on what exactly you're trying to qualify for.

[BooBearSH]

Also this depends on what exactly you're trying to qualify for.

Home loan... Mortgage, whatever you wanna call it.

[C0FFINCASE]

Then again if he doesn't have "any" credit it can be seen just the same as bad credit or worse. I don't think you're getting that.
What is the difference between having no credit and having bad credit?


@Boo: Establish Credit - How to Establish Credit

What I use to do was keep a credit card with a low APR and low credit limit. I'd use to buy candy, gas, what ever I knew I could pay off easy. From there I'd just pay it off around when it was due.

If he's done business with any one he has credit. If he reguarly pays any sort of bill he has credit, no credit card, loans, ect are required. The fact he has a student loan should have established his credit as long as he's been making payments on it.
As far as the morgage, since you have good credit it really ought to be fairly easy to get approved. If you have to you could seek a co-signer but you need to make sure you're going to be able to affoard this because if you fuck up you end up screwing your co-signer.
I suggest to simply go talk to people at where ever you want to do business, believe it or not you can ask for an exception and/or a second opinion. Aside from that a down payment is going to be the best way to get a lender on board. Actually in some cases if you do a down payment they don't even check your credit.

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