Fix Your Credit The Right Way
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Credit Scores & Credit Cards : How to Apply for a Credit Card With Bad Credit
Posted Sunday, July 26th, 2009 at 14:10
Expert: Stephen Fawehinmi Duration : 0:2:1 
Tags: card, cards, Credit, debt, finance, finances, personal, Scores |  Latest Posted Items
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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.
I am an authorized …
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.
It’s not about that …
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….
From my …
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. =)
So You can get …
So You can get terrible credit and then in 7 years its back to neutral?
Have you tried …
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.
thanks for the info …
thanks for the info, i am from montreal do you know or have any contacts for credit in montreal?
i work for a major …
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
Wow you are very …
Wow you are very informative rapmasterjim. I never thought about it that way thanks!
I owed on a credit …
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….
Guess what, there …
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!
Guess what? If you …
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?
Ah ha, TRUST is the …
Ah ha, TRUST is the operative word!
Another quick way …
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.
please don’t read? …
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
Yeah, good luck …
Yeah, good luck paying cash for a $25,000 car!!
How about using …
How about using cash and let them alone with plastic-shit!