Credit Scores & Credit Cards : How to Apply for a Credit Card With Bad Credit

September 13, 2009 · By admin

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Apply for a credit card with bad credit by getting a friend or relative to add you as an authorized user, fill out a co-borrower application or get a secured credit card account. Reestablish credit and get a credit card with bad credit using tips from the vice president of a bank in this free video on credit counseling. Expert: Stephen Fawehinmi Bio: Stephen Fawehinmi is the vice president of business banking at the Bank of Nashville in Nashville, Tenn.

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17 Responses

medusaview

September 30th, 2008 at 11:53 am
1

How about using cash and let them alone with plastic-shit!
bodyvegas

October 5th, 2008 at 6:07 am
2

Yeah, good luck paying cash for a $25,000 car!!
omgxsupermaniscool

October 5th, 2008 at 6:33 pm
3

please don’t read this if you do you will die in 7 days in less you repost this on 10 different videos in an hour if you do tomorrow will be the best day of your life
Lite62

November 4th, 2008 at 3:58 am
4

Another quick way is to look for places that finance their own accounts and report to the credit bureau. These are usually small businesses like furniture stores, jewelry or appliance places. The interest rates are a little higher but they usually use installment contracts and that boosts your beacon score quickly with minimum investment.
SweetKiwi110

December 2nd, 2008 at 4:44 pm
5

Ah ha, TRUST is the operative word!
rapmasterjim

December 5th, 2008 at 11:48 am
6

Guess what? If you can’t afford a $25,000 car… you don’t get a $25,000 car. You can find a perfectly fine car for $2000. Don’t fall into the trap of thinking you are a better person if you drive an expensive car. Just get what you can afford. Save up and buy when you have the money. How hard is that?
lilray0708

January 4th, 2009 at 11:43 am
7

Guess what, there is no luck to doing that, it’s called having the money,if you can afford it, then do it, don’t try to live beyond your means, I know several people that bought their houses cash. That’s more than $150000!
dza420

January 10th, 2009 at 5:58 pm
8

I owed on a credit card once and got bad credit. $500 debt they sent it to a collection agency and the agency sent me a settlement offer for $312. I payed it but my credit is still negative….
SloppyGamer

January 20th, 2009 at 3:01 am
9

Wow you are very informative rapmasterjim. I never thought about it that way thanks!
tubethisorthat

January 22nd, 2009 at 11:17 am
10

i work for a major canadian bank in the credit deptartment, and haved worked in other financial institution before all in credit, first of all auth user are never reported to the credit bureau, there legal contract that binds them to the card says clearly that only the primary is liabal and he only will be reported to the credit bureau, co-ap theory is valid if you are the primary and someone is co signing to become co-ap with good credit to support your application, secured crdit is the best
bicepsca

January 27th, 2009 at 3:07 pm
11

thanks for the info, i am from montreal do you know or have any contacts for credit in montreal?
SenMuJie

April 1st, 2009 at 2:02 pm
12

Have you tried contacting the company to try and get the derogatory taken off? If they can’t or won’t do it then you have to wait 7years or so from the time it was reported as a derogatory before it will be removed. The credit game sucks.
dza420

April 1st, 2009 at 5:09 pm
13

So You can get terrible credit and then in 7 years its back to neutral?
SenMuJie

April 2nd, 2009 at 12:45 am
14

From my understanding, yes. I had some derogatories and I expected them to be gone after paying them off, but then I found out about the 7 year rule. My derogs were from 1999-2001. They’re all gone now. It’s like they never existed. I marked the days on the calender to know when they were supposed to go away, the following month I checked my credit report, if it was still there I contacted the company to tell them to take it off. I also celebrated the day the dreogs were taken off. =)
Kassey232323

May 17th, 2009 at 11:12 am
15

It’s not about that, it’s about having good credit so you can maybe some day be issued a credit card or if you need a loan for a house. Not everyone has 50k laying around….
MrChevroMan

May 23rd, 2009 at 3:21 am
16

I am an authorized user on my wifes credit card that she added me to after having it several years, the creditor has been reporting on me ever since I was added.
Eyeofthestorment

August 4th, 2009 at 11:57 am
17

Wow, I am blown away at the lack of real information out on the web. The authorized users method has been dead for years. The reporting agencies are not rating them anymore. Stop the lies, I help people free everyday. My husband and I were in the collection business for 15 yrs before getting into the mortgage business. We see bad credit everyday. We can look at your report and educate you on the things you need to do to better your score. Most times it may cost $200-$300 (not to us) to start.