Trying to build up credit, even though I don’t really need it at the current time, just in case I do in the future.
All my bad credit issues from when I was psychotic are no longer on credit, so I figured this was a good time to do so.
After 2 declines on new credit card applications due to no credit history, I decided to just go with a card where I have to provide them money equal to my credit line. It seems like the easiest way to get this done.
It seems kind of silly though. I am paying them 500 dollars to allow me to borrow the said amount back so that I can pay them back whatever I borrow off my own money! Basically, I am lending them money to increase my credit score.
The whole idea is bizarre to me. But whatever.
What would have been really pathetic, is if they would have declined my offer to loan them money. lol.
I had no credit and a bank manager gave me a credit card with a little bit of credit and when I paid that for awhile I got a better credit card. I would talk to a bank manager.
Too late now. I already authorized the transfer of money on card. This should work. its just annoying.
Whats screwy is they will charge me interest on paying back my own money if I dont pay it back before the due date every month. HAHA.
I’m on a different continent but I also got declined a credit card once because I’m on disability.
Now I have a credit card with my long standing bank. They know me and my family and it’s not an issue that I don’t work.
I started my credit off slowly by getting a couple of department store credit cards. They’re generally easy to get with a decent credit line of a $1000 or $2000. I got my first credit card when I worked at Target and my next one when I worked at Kohl’s. Then I graduated to a regular Visa and Mastercard.
I had good credit. Moved to no credit and returned to bad credit. As I don’t really have too much in the way of coinage I think my credit is pretty low although I did pay off a serious credit card debt years ago.
It’s a good thing to do for sure in the modern world but I just exist in this pension bubble over here. Being stuck on a fixed income on the pension just doesn’t lend to credit. I do use afterpay a bit online though and having some is a handy thing.