I had a difficult time getting my first credit card as a college student, since it seemed that I needed to already have a credit card or to have some other type of credit line to apply for one. Even if you are responsible enough to handle a credit card, you cannot prove it in the absence of a credit history. Fortunately, no credit credit cards have been devised to fill this void thanks to their willingness to take a risk on people without credit histories.
A credit card serves certain key functions in our everyday lives. Keeping sufficient dollar bills at all the times is cumbersome. Many people are unable to track their spending when paying in cash. With a credit card, you can monitor your expenditure and take corrective action. Moreover, it allows you to make purchases even if you don’t have the required money to pay for it present in that every moment. To get a credit card, you need to provide proofs of income and identity, and credit history report obtained through an online credit check.
I have been through situations when I badly needed a loan and I was refused. I have also seen my credit card application being rejected. The underlying reason has always been a bad credit history. I wasn’t born with a fall-back option, and I had no credit line at all. How could have I done something which could have resulted in a better credit history. I wish I could get myself one of those no credit credit cards without getting grilled too much about my credit history.
The idea of identity theft or credit card theft is a scary thought. I do not know anyone who wants to be in a situation where someone has stolen who they are financially. It is hard enough to start a great credit history on your own and then to be responsible with spending is just a part of having a credit card but it can sometimes overwhelming. Therefore credit report monitoring is a great way to keep track of how you are doing as a consumer and if anyone else has touched your personal credit line.
I have been not careful with money and did not keep my purchasing under control. This is due to the fact that I was a college student and as is the case with many teenagers I had been reckless. This is not the case with everyone. Most students having such credit problems had a godfather who would help them financially in case of need. However, I was not blessed with such a person. It would have been very serious but for no credit credit cards facility.
For everyone, it is worth having a flat tire, new books, last minute bill, and the confidence of financially non-vulnerable. One having no credit credit cards has the financial confidence to start making decisions financial in nature and these helps in his having long productive and financially sound life.
- Daniel Lesser
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