So let me start off by saying that I have great credit, unfortunately for me however, my fiancee has bad credit. She wants to get a credit card, although I'm not certain she should, but I do think it is important for her to build improved credit for herself. I don't want her to have to get a secured card, but I want her to be able to have something. So, does anyone know of a bank or card that would give a credit card to someone with poor credit?
Not what you want to hear, but don't get her one. She will not improve her credit. She will not make responsible decisions. This is a lose-lose situation. She gets a card and she'll rack up the debt. She doesn't get one or you refuse to help and she either is mad at you or ends up spending your money. I think you should dump her. Sorry, I'm projecting my own issues. But I do honestly believe that a woman with spending issues will STAY a woman with spending issues.
C'mon. In my stupid years that spanned the exact length of the time I met my 1st wife to the time we divorced, I made some stupid decisions with credit. Here I am 7 years later and am able to purchase a car and am able to manage the few credit cards I have. Orchard bank gave me a chance. $300.00 to start, ridiculous interest rate, $59.00 annual fee, and don't miss a payment or they take your first born. www.orchardbank.com
Ok, question: I think I might have bad credit. I've never had a credit card, but there's like...three video stores I am in debt to. I have no idea how much because the address I used with them was one from my freshman year of college, and I never had my mail forwarded. I'm not thinking of getting a credit card anytime soon, but what kind of hit does your credit take if you've had late fees for three years at certain places?
I have better credit than Jesus. I'm 28 years old and my credit score is 790. If anyone needs a co-signer hit me up. Suckas.
Screw orchard, those are usually secured credit cards. search for the Imagine Mastercard.. www.myimaginecard.com i have/had horrible credit and I got a 300 limit. Now there is some fees but its no big deal. Highly recommended if she can't get anything else.
It can be bad. They'll send it to a collection agency, who will in return report it to the credit bureaus as an open/outstanding collection. Just 1 of those can drop your score bigtime. 2 or 3 will drop your score to the mendoza line.
Imaginecard info... If approved, you will receive one of the Imagine® Gold MasterCard® Credit Card accounts: (1) one with an initial $300 credit line, a $150 annual fee and initial available credit of $150 OR (2) one with a $70 credit line, a $15 annual fee and initial available credit of $55, but not both.... Orchard offers the $300.00 unsecure card with a processing fee and lower annual fee. Screw imagine.
Is she a -real- fiancee, as in, you guys have actual plans for a wedding, a date, etc? Or is this just you guys deciding to get married 'eventually'. The reason I ask this is to quanitify your commitment level. If you're -really- getting married, why not get some credit cards issued in her name from your accounts? In for a penny, in for a pound, you know? I had CCs issued for my son the month he was born so he could have some positive credit history in the future. Side note- my wife's credit wasn't so hot when we got married, and it still isn't. I just do all of the major purchasing with my credit. We don't buy anything that would take two incomes to support anyway, so it's not like I need the extra buying power (and she's in school and takes care of our son anyway, so no job atm). So she may not need good credit for your future plans.
get your credit report checked out to make sure that its not a major issue. I think freecreditreport.com is run by the govt or something, but double check.
Alright, after reading codell's response: Another question. Do both spouses need to have good credit to finance, say....a house?
Well, what I've learned from a several old week episode of How I Met Your Mother says that it's not necessary, but it will affect your interest rate.
