Other than saying don’t I still have to give some advice as to how you may be able to achieve that.
Probably the quickest way to being able to re-establish credit, which I believe this is what this is talking about, will be if you have a friend, relative, someone that trusts you and you trust as well, you may ask then to add you as an authorized user to their credit cards. And this way whatever transactions or anything that they do will show up on your credit report then again you have to trust them that they will make the monthly payments on time without begin late as well. Now, the other options that you may have is:
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To get a co-borrower. You fill out a personal credit application like this or even if it’s a business one you may need to have a co-borrower with you to apply for that credit card and send that in. Obviously, the co-borrower has to have pretty good credit and decent credit and not too much of it so you will be able to qualify together and hence you will re-establish credit that way.
- The third and final way if the other two avenues don’t work out then will be to approach a bank and ask them if you can apply for a secured credit card account. Now, what the secured credit card account requires will be for you to put some amount of money down. It could be a hundred dollars, two hundred dollars, five hundred dollars, or whichever one you can afford to put down which is going to secure that credit card that has been issued to you. Now, with that credit card, you would use it exactly just like any other credit card that’s been issued to you. The only difference is if you do not pay and you default, then your cash is pretty much gone.
- So, that would be the third and final way for you to go ahead and do that and obviously with the secured credit card make the payments on time and do everything on time, and over time the credit card compnay would then make it unsecured and refund your money back to you.
Ref: http://www.ehow.com/video_4989352_apply-credit-card-bad-credit.html