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lechatnoir

Establishing Credit?

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Hi there, I saw another thread about how to make your score up by using your credit wisely... but I'm curious as to the best method for my husband to GET some credit.

Does anybody know what an immigrant's credit score starts at? I am too cheap to spend the money and pull his credit report to find out.

We applied for a few department store cards, but won't know the results for a few weeks. Are there any other credit cards that are friendly to first timers? I haven't done this in like 20 years, so I'm a bit at a loss as to someone with NO credit.

I just got out of a bankruptcy so I have no credit cards I can add my husband to. I applied for a couple online for him and got instantly denied. The only ones I haven't heard anything back from are JCPenny and Sears. My first credit card when I was 18 was with Sears... so, I'm hoping they approve him too.

Anybody else have any suggestions? I'm assuming I might have to get him a secured visa but we don't have a lot of available cash for that right now either. I just want something small that we can work at to give him something for the future.

Thanks!

Adjust from VWP:

Marriage on day 64

06/29/09 - AOS package sent

07/01/09 - Package received via FedEx @ Chicago

07/08/09 - Received NOA

07/27/09 - Received Advanced Parole document dated 7/22

08/04/09 - Biometrics Appointment

08/12/09 - Received EAD Card

08/14/09 - Applied for Social Security Card

09/15/09 - Interview in Fairfax, VA ***APPROVED***

09/15/09 - Card Production Ordered

09/19/09 - Welcome to the USA letter received.

09/24/09 - Green Card in Hand

Time from Application receipt to Approval: 76 days.

Remove conditions: 09/2011

Remove conditions initial application: 7/6/2011 Approval: 4/17/2012

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A secured card may be the only option as stores are getting a lot tougher with their cards.

I know Bank of America does a card that is only partially secured- instead of the limit being tied to a deposit, you put down a flat $99, get a credit line of $500 and the annual fee of $29 appears on the first month's bill. Might be a better deal than what Capital One will offer.

And be careful with applying for tons of credit willy nilly. As a new immigrant your husband has no credit report at all, and thus no score. Everytime you apply for a card and an inquiry is made it appears on your report as a request for credit. That looks bad and each inquiry can lower your score. It's better to start out with one secured card, build up credit with that and then consider applying for credit elsewhere so it's not just a slew of inquiries on his report.

Edited by imaisha

Naturalization

N-400 package mailed: 04/16/2013

N-400 package delivered: 04/16/2013

NOA1 date: 04/17/2013

Biometrics: 08/23/2013

Interview: 10/07/2013

Oath: 01/23/2014

DONE!

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Get secured credit cards for the both of you to build up your history (again)

DCF Timeline here

POE Timeline

08/24/2008 POE Seattle

08/29/2008 SSN assigned

09/08/2008 SSN (Card) received

09/29/2008 Green Card received

I-90 Timeline (USCIS error)

11/10/2008 Send I-90 to Texas service center

12/xx/2008 NOA1

01/07/2009 Card production ordered

01/14/2009 Card mailed

01/xx/2009 Card received

I-751 Timeline

06/02/2010 Send I-751 to California service center

06/04/2010 Received at CSC

06/07/2010 NOA1

06/09/2010 Check cashed

07/27/2010 Biometrics

07/28/2010 Touch

09/02/2010 Approved

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Filed: Citizen (apr) Country: Colombia
Timeline

Capital One offers a card for people who are just starting out or people with bad credit who want a second chance. My husband has had his practically since he arrived and has a very high credit score. This also opened the doors to get credit at other places as well.

Diana

CR-1

02/05/07 - I-130 sent to NSC

05/03/07 - NOA2

05/10/07 - NVC receives petition, case # assigned

08/08/07 - Case Complete

09/27/07 - Interview, visa granted

10/02/07 - POE

11/16/07 - Received green card and Welcome to America letter in the mail

Removing Conditions

07/06/09 - I-751 sent to CSC

08/14/09 - Biometrics

09/27/09 - Approved

10/01/09 - Received 10 year green card

U.S. Citizenship

03/30/11 - N-400 sent via Priority Mail w/ delivery confirmation

05/12/11 - Biometrics

07/20/11 - Interview - passed

07/20/11 - Oath ceremony - same day as interview

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Thanks for the tips... He actually did apply for a Capital One card but was rejected. When we got the notice in the mail as to why it said no credit file existed for him with any of the three bureaus...

Is that because his SS # was restricted? He just went and applied today at social security to get an unrestricted social... will they issue him with a different social security number now or will it be the same?

Adjust from VWP:

Marriage on day 64

06/29/09 - AOS package sent

07/01/09 - Package received via FedEx @ Chicago

07/08/09 - Received NOA

07/27/09 - Received Advanced Parole document dated 7/22

08/04/09 - Biometrics Appointment

08/12/09 - Received EAD Card

08/14/09 - Applied for Social Security Card

09/15/09 - Interview in Fairfax, VA ***APPROVED***

09/15/09 - Card Production Ordered

09/19/09 - Welcome to the USA letter received.

09/24/09 - Green Card in Hand

Time from Application receipt to Approval: 76 days.

Remove conditions: 09/2011

Remove conditions initial application: 7/6/2011 Approval: 4/17/2012

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Filed: Lift. Cond. (pnd) Country: Wales
Timeline

He'll have the same SSN, he's not being refused credit because of that. I managed to get a Capital One card (I still haven't go round to getting an SS card without the restriction text), but it looks like they've got stricter on that now. Your best bet is a secured credit card, and like the other said, make sure you don't try too many times to get credit since that'll make things worse.

Removing conditions:

10/9/10 - Package sent to Vermont

10/13/10 - NOA1 date, received 10/18

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Filed: Citizen (apr) Country: Colombia
Timeline
Thanks for the tips... He actually did apply for a Capital One card but was rejected. When we got the notice in the mail as to why it said no credit file existed for him with any of the three bureaus...

Is that because his SS # was restricted? He just went and applied today at social security to get an unrestricted social... will they issue him with a different social security number now or will it be the same?

It depends on which card he applied for. Capital One has different cards for people with limited or no credit history.

A secured credit card with your own bank is also a safe bet. You basically give them however much money they need as a deposit and that's the line of credit he'll get. Once he establishes his own credit he can change that card type to a regular card.

Diana

CR-1

02/05/07 - I-130 sent to NSC

05/03/07 - NOA2

05/10/07 - NVC receives petition, case # assigned

08/08/07 - Case Complete

09/27/07 - Interview, visa granted

10/02/07 - POE

11/16/07 - Received green card and Welcome to America letter in the mail

Removing Conditions

07/06/09 - I-751 sent to CSC

08/14/09 - Biometrics

09/27/09 - Approved

10/01/09 - Received 10 year green card

U.S. Citizenship

03/30/11 - N-400 sent via Priority Mail w/ delivery confirmation

05/12/11 - Biometrics

07/20/11 - Interview - passed

07/20/11 - Oath ceremony - same day as interview

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Well I'm still confused as to why the rejection letter from capital one specifically stated that he didn't have a credit file. You don't have to do anything special to get a credit file other than having an SSN right?

Adjust from VWP:

Marriage on day 64

06/29/09 - AOS package sent

07/01/09 - Package received via FedEx @ Chicago

07/08/09 - Received NOA

07/27/09 - Received Advanced Parole document dated 7/22

08/04/09 - Biometrics Appointment

08/12/09 - Received EAD Card

08/14/09 - Applied for Social Security Card

09/15/09 - Interview in Fairfax, VA ***APPROVED***

09/15/09 - Card Production Ordered

09/19/09 - Welcome to the USA letter received.

09/24/09 - Green Card in Hand

Time from Application receipt to Approval: 76 days.

Remove conditions: 09/2011

Remove conditions initial application: 7/6/2011 Approval: 4/17/2012

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Also, I just tried registering him on the credit bureau sites to pull his credit so we can see it... and Equifax and Transunion couldn't find his file. Trans union said it was unable to verify and wanted me to fax them a copy of his ID. Equifax said it could not find his information and the report was "unavailable"...

Are we doing something wrong?

Adjust from VWP:

Marriage on day 64

06/29/09 - AOS package sent

07/01/09 - Package received via FedEx @ Chicago

07/08/09 - Received NOA

07/27/09 - Received Advanced Parole document dated 7/22

08/04/09 - Biometrics Appointment

08/12/09 - Received EAD Card

08/14/09 - Applied for Social Security Card

09/15/09 - Interview in Fairfax, VA ***APPROVED***

09/15/09 - Card Production Ordered

09/19/09 - Welcome to the USA letter received.

09/24/09 - Green Card in Hand

Time from Application receipt to Approval: 76 days.

Remove conditions: 09/2011

Remove conditions initial application: 7/6/2011 Approval: 4/17/2012

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Filed: Citizen (apr) Country: England
Timeline
Also, I just tried registering him on the credit bureau sites to pull his credit so we can see it... and Equifax and Transunion couldn't find his file. Trans union said it was unable to verify and wanted me to fax them a copy of his ID. Equifax said it could not find his information and the report was "unavailable"...

Are we doing something wrong?

The reason all the bureaus can't find his file, is because it doesn't exist. He has no credit history, and as such, he has no file. It has to exist before it can be pulled. And the only way to make it exist, is to create it.

As others have said in this thread already, a secured card is the best way to make this happen. I know you've said you're not exactly flush right now, but try and put a bit aside each month, and then get a secured card.

Edited by Damian P

Naturalization Timeline:

Event

Service Center : Phoenix AZ Lockbox

CIS Office : Saint Louis MO

Date Filed : 2014-06-11

NOA Date : 2014-06-16

Bio. Appt. :

Interview Date :

Approved :

Oath Ceremony :

Comments :

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Filed: IR-1/CR-1 Visa Country: China
Timeline

How soon do you want this to happen, and how much hard cash do you have to make it happen?

I suggest 2 areas - 1) secured cards (already mentioned ) and 2) secured bank loans, using CASH , convert to Certificate of Deposit, then the CD used as collateral on a small loan - say 3000 bucks or so. Take that 3000 converted from the loan, go to another bank, get another secured bank loan for 3000.00. Then go to a 3rd back with the 3000 converted from the 2nd bank, get another secured bank loan for 3000.00. Take the converted cash and put it into a savings account. Pay off the loans, on time, for 6 months, then pay off loan #1, convert the CD to cash after. Then pay off loan #2, convert the CD to cash after. Then pay off loan #3, covert the CD to cash after, then take the total cash that you have in hand, get another CD at bank #1 for the total amount of cash in hand.

Whaddaya got after 6 months? You have a credit file with 3 bank loans, showing on time payments, totalling 9,000. The credit file will NOT show they are secured with the CD.

Map it out on paper, work with the loan tables at each bank - see what the monthly amounts are going to be... IIRC, you've spent about 5400 bucks over a 6 month period (3000 cash plus monthly payments totalling 2400 ).

No, it's not a ponzi scheme - it's all perfectly legal - and it's YOUR MONEY that you use to secure the loan. I got this straight out of a self-help credit book by Bud Hibbs, some time ago, and used it.

GOOD LUCK!

Edited by Darnell

Sometimes my language usage seems confusing - please feel free to 'read it twice', just in case !
Ya know, you can find the answer to your question with the advanced search tool, when using a PC? Ditch the handphone, come back later on a PC, and try again.

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Whoa Nelly ! Want NVC Info? see http://www.visajourney.com/wiki/index.php/NVC_Process

Congratulations on your approval ! We All Applaud your accomplishment with Most Wonderful Kissies !

 

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Interesting... this is all puzzling to me as when I turned 18 I just applied for a credit card and I got one.... this all seems so complicated for something so simple... oh well. Thanks.

Adjust from VWP:

Marriage on day 64

06/29/09 - AOS package sent

07/01/09 - Package received via FedEx @ Chicago

07/08/09 - Received NOA

07/27/09 - Received Advanced Parole document dated 7/22

08/04/09 - Biometrics Appointment

08/12/09 - Received EAD Card

08/14/09 - Applied for Social Security Card

09/15/09 - Interview in Fairfax, VA ***APPROVED***

09/15/09 - Card Production Ordered

09/19/09 - Welcome to the USA letter received.

09/24/09 - Green Card in Hand

Time from Application receipt to Approval: 76 days.

Remove conditions: 09/2011

Remove conditions initial application: 7/6/2011 Approval: 4/17/2012

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I started with a secured credit card with Bank of America, with a balance of $300, and it opened a whole lot of other opportunities for me to build my credit on (car loan, utility bills, unsecured credit card, store credit cards like Macy's, etc-caution though, don't open too many credit cards or loans as it can negatively affect your score). My credit score now is 735 and it's been 2 years since I opened the secured credit. I think the score's pretty good coming from a non-existent credit history.

I suggest you have your husband try the secured credit card route.

Edited by ~krakatoa~
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Filed: K-1 Visa Country: Canada
Timeline

The same thing happened to me with Capitol One! I have no file!

My husband added me to his card, but I don't think that did anything to my file.

I may try to apply for a Target card this weekend because I heard those are the easiest to get, but I'm not hopeful.

I think eventually, I'll get a secured card... but right now I'm okay with no credit card since I can just use my hubby's if I have to.

I just worry when it comes time to getting a mortgage, but we don't plan to buy for another couple of years, so I know I have time.

Removing Conditions

Sent package to VSC - 8/12/11

NOA1 - 8/16/11

Biometrics - 9/14/11

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Ah yea, maybe Target... its funny though because if it says they have no credit file at all then how can an inquery hurt the score... if it doesn't exist? :)

Adjust from VWP:

Marriage on day 64

06/29/09 - AOS package sent

07/01/09 - Package received via FedEx @ Chicago

07/08/09 - Received NOA

07/27/09 - Received Advanced Parole document dated 7/22

08/04/09 - Biometrics Appointment

08/12/09 - Received EAD Card

08/14/09 - Applied for Social Security Card

09/15/09 - Interview in Fairfax, VA ***APPROVED***

09/15/09 - Card Production Ordered

09/19/09 - Welcome to the USA letter received.

09/24/09 - Green Card in Hand

Time from Application receipt to Approval: 76 days.

Remove conditions: 09/2011

Remove conditions initial application: 7/6/2011 Approval: 4/17/2012

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