Easiest place to get a line of credit from?

[brizzad]

* I make about $3,000/mo from my job, and about $500-$1,000 extra each month from selling websites and domains, and other websites that I run.

* Ive got 3 pieces of revolving debt:
- A $750 credit card that I owe nothing on
- A $1500 credit card that I owe $1170 on
- A $6800 dental line of credit that I owe $0 on.

* There are 2 loans currently in my name
- A car loan that I owe $9500 on (original loan was for $13,000)
- A student loan that I owe $6,000 on (original loan was for $6,000)

All payments are current, and there are no slow pays on my file. I'm 22 and have had loans and revolving credit since a few months before my 19th birthday.

I applied at the bank where I work. We give A through E tier credit ratings. Typically A,B,C are automatically approved. I was rated B tier, but declined. My income and credit were great, but I was declined due to a lack of credit history.

I only need a $7,500 Line of Credit to replace my current dental line of credit which is at a whopping 24.9% rate. What are some banks that will be lienient with me? If you don't think I can get one now, then what steps should I take between now and January to ensure I am able to get one?

[fairy74]

Try Washington Mutual or Bank of America, I have never heard of them rejecting anyone and their rates while not the most favorable are certainly better than 24.9% (eeks!)

[simpleyme]

are you expecting a dental emergancy?in January?

[brizzad]

Try Washington Mutual or Bank of America, I have never heard of them rejecting anyone and their rates while not the most favorable are certainly better than 24.9% (eeks!)

Sounds good, I'll check them out. Thanks.

are you expecting a dental emergancy?in January?

I should've clarified this in my original post. In January the rate on my dental LOC goes from 0% to 24.9%. I still need my wisdom teeth out and a few root canals done, so I know I'll be making dental visits way beyond January.

[simpleyme]

I think the problem is that is a lot of debt taken in a short period of time (3 years)
i think the lack of credit history really means lack of repayment history, meaning only time will tell if you are a great risk or not
It may seem a little extreme .......cut your budget to nothing and send all your extra income to your dental loan,(like the (500-1000 from your side job ) if you worked your butt off you could have it nearly paid off by January !

[brizzad]

I think the problem is that is a lot of debt taken in a short period of time (3 years)
i think the lack of credit history really means lack of repayment history, meaning only time will tell if you are a great risk or not
It may seem a little extreme .......cut your budget to nothing and send all your extra income to your dental loan,(like the (500-1000 from your side job ) if you worked your butt off you could have it nearly paid off by January !

As of right now I owe $0 on the dental LOC. I'll be putting the extra money towards paying off my credit card, and then paying as much on my car note as I can until January.

I want the new LOC for when I'm able to get away from work to go get the dental work finished up in a few months.

[simpleyme]

I guess i cannot read today ;-)

If I needed a loan I try a local credit union