THE SECRET OF GETTING CREDIT AND CREDIT CARDS

What Is Your Credit Rating Now?
If you have any charge accounts now, or have ever borrowed from
the bank to buy a car, or if you ar paying on a mortgage, there
is credit information on you.  Up until a few years ago, you
could only guess at what your credit rating was, because the
credit bureaus who keep track of borrowers wouldn't tell the
borrowers anything!  But that's been changed through several
laws, and now the bureaus have to send you your credit file when
you request it.  If you've been denied credit on the basis of
their record, they will send you a copy of that record without
charge, if you request it within 30 days of the credit denial. 
If you haven't been denied credit but just want to know what
your file says, you must pay a small fee to find out.

Why You Really Must Get Your Credit Report

It is well worth your trouble to obtain your report.  You may
well find (because thousands do) that there is a piece of
misinformation that is injuring you without your knowing it,
which you can straighten out by submitting copies of documentary
proof (never mail originals of anything important - it may get
lost in the mail) of bills paid, payments made, etc.

What To Do If You Are "Unlisted"

If, for one reason or another, you are not listed, or they have
insufficient information on you to "rate" your suitability for
credit, you must take steps to correct this.

What To Do If You're New in Town

If you have no record because you hold no cards and have no
charge accounts, or because you have just come  in from
out-of-town, then you'd better start assembling one.  It may
sound a little  ridiculous, but nobody will lend money to
someone's who's always paid cash!  You have to have borrowed
money or run up charges and paid them back to be able to borrow
larger sums as time goes along.

Start with the local merchants in your immediate area, the ones
that already know you.  Even if you don't need it right now, ask
them if you can set up a charge account with them.  In most
cases they'll be glad to oblige you, they already know you're
local, and that you patronize them regularly.  when you get the
credit, charge a few items each week, and pay your account
promptly when presented.  In this way, you'll build up a good
credit record with these merchants in a short time.

Get Your Bank In on the Act

Go to the bank where you keep your checking account, and ask to
borrow a nominal sum (say $500), which they are unlikely to
refuse you.  Do this even if you don't need the money, because
you do need the repayment record on their books.  Repay the loan
on a regular basis when due.  Do not accelerate, and pay it all
back the next month.  Strangely enough the banks do not like
that, because to them that indicates a "feast or famine"
situation, rather than a steady payer.  The interest cost on
this loan, even if you have no need for the money, will be well
worth paying to build up your credit record.  Besides, you can
minimize this interest cost by depositing the money you have
borrowed (assuming you do not immediately need it), in a savings
account, and collecting the interest, which will defray a good
part of the cost of the interest you are paying.

Once these charge accounts and the loan have been operating for
a while, proceed to stage two, and ask a large local department
store for a charge account.  Most likely they will be happy to
give you their charge card.  Build up your rating with them by
occasional purchases and prompt payment, and then you proceed to
stage three, and apply for the less selective national credit
cards, Master Charge and Visa, which you should a this point be
able to get without too much difficulty.
DuniaKita

THE SECRET OF GETTING CREDIT AND CREDIT CARDS

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