3 ms·
Getting a credit score as an immigrant with no close friends: 1: get a store card 2: get a bank account or two with large bank (say Chase), after you've deposi
by nutjob2 8y ago
Getting a credit score as an immigrant with no close friends:
1: get a store card
2: get a bank account or two with large bank (say Chase), after you've deposited large sums of money for a few months, ask them about credit cards
3: when you get a credit card offer from someone reputable (say Cap One) accept it
4: apply for cards online that have low score requirements, then higher as your score improves and repeat, but no more than about 4 a year.
If you have a close friend who pays off their cards each month just get them to issue one of their cards in your name but don't use it. Weirdly them using and paying off their card improves your credit score.
- toomuchtodo 8y ago> If you have a close friend who pays off their cards each month just get them to issue one of their cards in your name but don't use it. Weirdly them using and paying off their card improves your credit score. This works because of a Federal Reserve regulation (Regulation B, specifically) about how spousal authorized user credit reporting is performed. https://www.federalreserve.gov/pubs/feds/2010/201023/201023pap.pdf https://www.federalreserve.gov/pubs/feds/2010/201023/201023p...
- slededit 8y agoIf your in a country with a American Express they will give you a card based on the fact you had one in the other country.