The rate in theory, would be no big deal, as long as you pay off your balance every month. Your rate will get better as your credit improves. The idea is to build your credit up by using your credit card. Use it to buy gas, books, then pay off the balance IN FULL. After a year of consistent ON TIME payments, you should see two things happen:
1. Interest rate lowered
2. Credit line increased
3. You should also be able to request your Credit Report for free, something you should do at least yearly if not bi-annually. See another thread in this forum for free credit reports.
NoSoup, I thought you were a statitician or something or researcher.
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