Quote:
Originally posted by nash
Thanks for the help, NoSoup!
One more question for now:
How can I get my credit union to "trust" me with a loan and how much should the loan be for? To remind you of my situation, I have no credit history right now, and I'm about to apply for a secured credit card with my credit union. I guess you can refer to my previous post for more info, four posts above this one. Thanks again for the help!
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You can get your credit union to trust you with a loan by having either some type of credit history, which you do not, having an established history with them, (deposit accounts), or by having a co-signer. The secured credit card will help you begin establishing credit history, as far as the amount goes, I would ask for a very small sum, depending on their minimum. $250-$500 should be enough to get you started, and they may not require a co-signer for that little. If they do, don't worry about it, it reports the same to your bureau whether it is just yours or if you have a cosigner.
Thanks for Posting!