I am 44 have owned three homes 13 cars have had 6 unsecured installment loans, my credit file is four feet long with over 20 years of history. If you think you can get a high score from paying a few credit cards on time your as dumb as the rest of the clowns posting here.
Actually, I know for a fact that if you have $6,000 in credit, max it out, pay it off over six months or so, you will be given more credit. Do the same thing again and you're on your way to $100,000 in credit....this I know from experience....sorry to burst your bubble myminitrading
Aw, just leave the guy alone. Read the first post in his journal where he states "Im not here to teach or be taught" http://www.elitetrader.com/vb/showthread.php?s=&threadid=67537 mymini, live up to your statement. And have a nice vacation. Osorico
hey dude, i'll help you. the answer is, it depends on where you live and your specific location. you'd have a better chance of being able to do it if you rent from a local person or small owner as opposed to a larger apartment complex which is corporate run. if you can pay for a year in advance, you will almost certainly find someone willing to take your money. say you're self-employed so they don't ask for employer references. try to gather some folks to vouche for you in advance - relatives, friends, anyone in position of power? call or go around to various places. if you go there in person, dress well. can also rent a house from a local owner - i know it's not really what you were looking for, but a small house might not be a bad way to go. good luck in your endeavors. i'm sure you'll find a willing landlord. one other thing: although you think you have no credit, let them check it anyway. just warn them up front regarding lack of credit due to self-employment and no credit cards. another thing for the future: may want to consider getting a credit card. just make sure you keep it paid off every month and don't run up a bill. good luck again.
Appreciate it, already working on the credit card, will build up credit and use it ..... just to use it to build up credit. I never really wanted to use a credit card, I just use my debit/checking card for purchases, but I guess I can charge some things and pay them off instead. My sister and her husband are moving to a new house. I might be able to pay them rent about 400 a month to live in a room and stuff..... not sure yet, I went with them to check out houses. It isn't total independence, but I'd rather be away from my mom and step-dad at all costs, I just feel it would be better for me to be able to focus on trading and life. Plus my sister and her husband understand my trading since her husband owns a business himself, so him and I get along as well. While I'm doing that, I could focus on my trading, and then plan to move out into my own apartment. Good stuff though. Will get a reply from MBNA about the credit card. Hopefully that works out, if not, just going to do a secure credit card then. Appreciate the help. One more question: The credit card I applied for said no APR for the first year. Does that have an effect on my building credit? Hopefully not. Again, appreciate everything.
the no apr shouldn't have any negative effect on your building a credit rating at all. the companies are looking for a pattern of paying on time, so as long as you do that, you should be fine. i think the idea of moving in with sis sounds grand. and 400/mo would be less risky than 800/mo and on your own. also, would help you to save more. hopefully, you get along well with sis. then the company would be nice too, since trading can be a very solitary pursuit. if it were me in your situation, i would move in with sibling in a heartbeat, ASSUMING that you get along well with her, consider her a friend and someone whose living style would correlate well with yours. i'm glad you finally got some positive, helpful feedback on this thread.
Doubt you will get an MBNA card they require excellent credit, better of trying Providian/Capitalone/OrchadBank they take people with bad to no credit.
This a good idea for the credit part but it takes a while to establish the report. In the mean time go get a regular job (nothing fancy) that would cover the rent. Just something to prove you are working until you get the apartment. On another note, I know in Texas it is hard to get an apartment until you are 21. Come on guys, this is a young man finding his way alone. Give help, don't run him down. Hope this helps:cool 4re
mymini, your ignorance on the subject is really showing ... http://mbna.com/creditcards/students.html Vacation awaits you.