Are there credit cards for people with no credit history? To answer this question, we need to look at what factors are taken into consideration when we apply for cards.
Getting credit cards for people with no credit history can be just as difficult as for those with a bad history. This is because, when looking at issuing credit cards for people with no credit history, the card providers don't have any idea of how you might handle your finances and whether or not you will pay your bills on time.
When looking to issue credit cards for people with no credit history, the card providers will need to know that you are over 18. They will also look at your credit worthiness. This means that things like how much you earn, whether or not you have any loans or a mobile phone contract and whether or not you are on the electoral role will be taken into consideration. They do this because, when issuing credit cards for people with no credit history, the card providers will want to be certain that you are going to pay your card bills on time and won't default on any payments.
Don't worry, though, as you can get credit cards for people with no credit history. Just a few small changes can help you to improve your rating. Firstly, you need to show that you are not moving around all over the place and are living in a stable environment. If you have lived at the same address for a few years that is a good thing, but you should also register on the electoral role. This will help reassure the card providers that you are who you say you are, as well as demonstrating that you are living in a place that you are unlikely to be moving from in the near future.
Also helpful in attaining credit cards for people with no credit history, is having a mobile phone contract. If you can show that you are a reliable customer and pay your phone bill on time, this will help to improve your rating, as will having a steady job.
So, whilst it may seem that it's hard getting credit cards for people with no credit history, there are actually some really easy things you can do to show that you are a reliable person who is likely to pay their card bills on time and won't default on payments.
Getting credit cards for people with no credit history can be just as difficult as for those with a bad history. This is because, when looking at issuing credit cards for people with no credit history, the card providers don't have any idea of how you might handle your finances and whether or not you will pay your bills on time.
When looking to issue credit cards for people with no credit history, the card providers will need to know that you are over 18. They will also look at your credit worthiness. This means that things like how much you earn, whether or not you have any loans or a mobile phone contract and whether or not you are on the electoral role will be taken into consideration. They do this because, when issuing credit cards for people with no credit history, the card providers will want to be certain that you are going to pay your card bills on time and won't default on any payments.
Don't worry, though, as you can get credit cards for people with no credit history. Just a few small changes can help you to improve your rating. Firstly, you need to show that you are not moving around all over the place and are living in a stable environment. If you have lived at the same address for a few years that is a good thing, but you should also register on the electoral role. This will help reassure the card providers that you are who you say you are, as well as demonstrating that you are living in a place that you are unlikely to be moving from in the near future.
Also helpful in attaining credit cards for people with no credit history, is having a mobile phone contract. If you can show that you are a reliable customer and pay your phone bill on time, this will help to improve your rating, as will having a steady job.
So, whilst it may seem that it's hard getting credit cards for people with no credit history, there are actually some really easy things you can do to show that you are a reliable person who is likely to pay their card bills on time and won't default on payments.
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