Nowadays, it is really impossible to imagine our everyday life without using credit card deals. Almost everyone has a credit card, or even more than two plastics. And it goes without saying that almost everyone can afford them.
Many people with no credit assume that they won't be able to get a plastic card or any type of credit, as credit card companies and banks will turn them down for lack of credit history. Though in some cases it can be true, don't think that you won't be able to obtain credit. If you have employment or other means of stable income, you will have an opportunity to obtain a plastic.
Actually, there are many banks and credit card companies that offer MasterCard or Visa for people with no credit. Remember that you shouldn't apply at many banks and companies to raise your chances. In fact this will have quite the contrary effect. Don't forget that every time you apply for credit, whether it is for a plastic or a loan, the creditors make an inquiry on your credit report. All the rejections are shown there and they will cause nothing but troubles. The creditors may think that you have lack of cash, consequently, you will have difficulties in repaying credit.
You should find a bank or a company that offers first plastics for people who just start building their credit history. In this case you won't be able to have an excessive credit line at first, but if you prove that you are a good paymaster and a loyal customer, you will be able to take advantage of more extended credit line in the future.
If you can't find a perfect bank or a company who is willing to provide you with your first plastic card, assist yourself by establishing your own credit history. You can start with obtaining your first credit card from your favorite department store. These plastics are easier to get than MasterCard or Visa. Besides, you will be approved for these cards even if you have never had credit before.
When you obtain this credit card, buy something and when you receive the statement, pay it off. This will start building your credit history and it will show that you pay your bills on time. If you have done this for several months, you can try to get MasterCard or Visa again. The lenders will use your credit history to determine whether to give you credit or not.
Another way of establishing your credit is to get a secured credit card. It is safe to obtain a secured plastic as the first one, because secured credit card deals are limited to the amount of money you deposit to your lender.
In fact, it doesn't matter what kind of card you have selected to start establishing your credit history, it is important for you to make payments on time and not miss them.
In case you do everything right, you will establish your credit history and will have an opportunity to apply for a credit card of your dream.
