In other news I'm in the process of trying to get some kind of credit card. In the first few weeks of my freshman year of college, I got more offers to get a credit card than to buy weed in Washington Square park. I figured that to get a credit card was to play with fire and over the years I've had lots of friends who have gotten burned. Now, at the ripe old age of 27, credit card companies just aren't interested in extending a line of credit to someone who has kept up with his own finances makes a living wage and has never saddled himself with credit card debt. I understand the business logic behind it, but it's still a little screwy to me. I don't even want a credit card really, I just want one to raise my credit rating, get a business loan and then eventually have come kind of line of credit for my business expenses. As it stands now, it looks like I'll have to get a "secured credit card" which means I give them money, they hold onto it and my monthly limit is the amount of money that I have given them. If I default, the keep they money that I've given them and I'm back to the drawing board.
Does anyone know of a better way of getting a credit card, business loan or have $200,000 that I could hold onto for the next half decade?