Bad Credit Alliance

Posted by admin on November 20th, 2009 at 04:55pm

bad credit alliance

Question:
How can I get a credit card and a decent bank account?
Hello everybody, I am an overseas student here and wish to have a credit card and good bank account but my credit history reveals bad credit alliance, but i have been here for the past 2 years. i currently only own a solo card even though my salary is decent, around 600-800 per month and i just got a basic account. Is there any bank or organization which can help me in obtaining me a credit card first and establishing my credit history? i tried capital one as well as bad credit alliance leicester, and i got my credit report and found the address where i used to live contributed to my bad history, so can anybody please help me with this? i need it as soon as possible, since all my friends got one who came after I did in my class. Please help.

Answers:
You don’t actually want a regular credit card. I believe perhaps a secure credit card will be a good idea for you. Essentially, you save up two or three hundred dollars and go to your bank and request a secured credit card. They get the money and hold onto it for you and issue you a credit card with a pre-set credit limit, but you pay the card off at the last of every month. If you would ever default on your monthly payment, the bank will withdraw it out of the money you gave them up front. In either case, most secured credit cards report to the 3 credit agencies every month, which will help you achieve a decent credit standing (if you keep up with paying off your bill every month!).
Best of luck!

Go to Lloyd’s TSB. I once had a basic bank account since I was unemployed for a period of time. After three months of full time employment they altered it to a Classic account and now three months have passed and I was given a Platinum account. They are consisitently helpful and nice. I’m not sure if it’s simple to get a credit card through them as I need no help going into debt. Check them out and see if they can only say yes or no. My experience with them says that they are very good.

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