This week in... The Penny Hoarder Community

Too bad I missed the early bird pricing on the event.

Who knew you guys would be hosting an event on my birthday when I will be in the area as my wife and I finish up the driving part of our 50 State tour!

I will be in Orlando which isn't too far of a drive from the event so I am going to try to see if I can make it work for sure.

I don't drink but it will be great to meet some fellow Penny Hoarders and learn from some successful side hustlers!

Hello penny hoarders I’m trying to build my credit up and people telling me to get a credit card and make my payment on time but I never had a credit card before and my credit will not let me get one anyway could someone tell me another way

Try Credit One, First Premier, Capital One for bad credit Visa/MC's. You will pay a monthly service fee on each card from $6.95-8.95 and a high annual fee and high interest with small CL. $300-500. There are other startup fees, as well. (These are not the cards you have to pay cash upfront to get. I have never tried one of those.)

I had 5 accounts paid pristinely for 5 years and there is no good exit plan. The cards proved my creditworthiness and helped my credit score. But when I could get higher CL's with rewards from regular banks and tried closing those expensive cards to avoid those service fees the bottom of my credit fell out. So be careful not to carry high balances on these cards and pay them off before closing them.

Another easy option is a Discover Secured credit card for $200. This seemed to raise my credit by 50 points. But after years of perfect payments, they still would not change this to unsecured credit. So any secured card be sure to ask that question. What is the exit plan?

Good luck!

One thing I found out a couple years back is the more payments that you make the faster your credit will go up.  for instance, I had a small limit on a Chase Card of around $3,000 and I started using it to purchase products for my business and paying it off sometimes three times a week and my score went up very quickly! and my limit it went up faster than the normal 9 months waiting period for  small increases. Someone had told me that frequency of payments shows your ability to pay and that turns them on apparently! LOL

Secured credit cards are the way to go Bank of America also is another place that will usually give you a start. And I possibly Macy's or another store card can also help your credit.