I’m going to start college soon, and I’m being told by many people that I should get a credit card and "establish my credit" by making payments on things on time. People have tried to scare me by telling me that if I don’t buy a new car or a credit card via a store in the mall, I won’t be able to purchase a house in the future, because I "won’t have established good credit" and "won’t be able to get a loan". My initial reaction is that they’re lying to me in order to sell me credit cards, but is there something to their arguments? Is it possible to get home loans without a history of good, or any credit? What’s the best option in a case like this?
Why would I need a credit card if I don’t plan on having credit in the future? I don’t need credit, and I feel we’ve been brainwashed into thinking it’s necessary.
Are there home loans that are given based on proof of income or something other than credit history?
It really seems as though people assume credit has to be a part of their lives; I’m not sure that’s true.
is there any credit cards that you qualify for once u turn 18 and dont have any acounts in ur credit history? because im trying to build my credit score… please let me know any store that gives u credit card. thanks!!!
ok so my friend has a bank of america credit card that is helping him building up credit, he wants to add her husband to the account so that he can also get a credit car because he doesnt have one and he needs to build credit. Is this a good idea for her to add him to the account? would he get a credit history also? would he get offers of new credit cards if he is linked to hers? or should he get a separate account?
I have had bankrupcy and repo in the past 5 years. My credit score now is 620 and they have me at a 15% interest rate. I had to have a car. My old one had over 200,000 miles, was 13 years old and was in need of major repair very soon. My payments right now are doable, but eventually I would like to refinance for a lower rate. My credit history since all those issues has been fine. How long should I wait to refinace? I have heard everything from 6mth to 2 yrs. Also when I do, do I have a better chance of going through the same company? AND…..should I try to pay a little more every mth now to pay off some of the interest or how does that work? I got the car for about 00 less than bluebook price, so I got a really good deal.
I bought used certified car from Dch honda. That is Honda civic 08. The problem is i didn’t put any down payment on that and that vehicle is on my mom name and i am co-signer,because she had good credit history and i didn’t have any history.And they give us %11 APR. My 14,000 going to cost me more than 24000 dollars. now i recently get credit card and i am trying to make my credit history good.But still my history is not that much good.So my apr is very high is their any way to reduce it what is the best company to refinance it. I already applied to refinance it from my Bank but they denied it reason was (collateral damage) I don’t know what it means :(
I didn’t have history but my mom had good credit history the only problem was we didn’t put any down payment that was a problem
