Question roughly Credit...? If you do not have any credit history, can your credit
I do not have any credit history, and I applied for some credit cards. Since I do not have any credit history, they did not approve me. Can this affect my credit chalk up even though I do not have any credit history? When I do get a ranking, will it decrease?
If you do not have a credit history, consequently credit bureau gets your information and stores it first time you apply for a a loan/credit card etc. So one application should not effect your credit score.
Yes if you apply for multiple loans/credit cards etc. inside 3 months then it will affect your credit score as this shows that you are probably surrounded by debt and is trying to get a loan/credit card.
So suggestion - wait for another 3 months and try again.
If you are unmarked to the country you are applying from, then try to get a protected credit card. That way you can build a credit history and try again for an unsecure card in another 3-4 months.
If you apply to too various credit cards, then yes it will negatively affect your credit. It doesn't look good if you've have too many inquiries into your credit. It's a red flag to lenders.
Yes, applying for credit does take away from your credit score. For an explanation of how your credit chalk up is calculated, check out http://creditwisdom.blogspot.com...
If you apply for too several credit cards then it will ding you. If you cannot get a credit card after consider a secured card from your bank. Then buy the items you would pay brass for and then quickly money them off at the bank. Then you will grasp a positive rating with a positive history enabling you to catch the credit cards you want,
Answer:
If you have no polite or bad credit history, you almost certainly own no credit scores. Therefore by applying for credit, you can not lose anything on your scores. By establishing honourable credit even with one tiny credit card, you are on your way!
How many credit card compnies you tried? Here is list of credit card compnies offering nothing joining fees and zero annual fees. Check there offer and select which one is best for you,
http://creditscards.blogspot.com/...
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