justis
Apprentice
Joined: 20 Nov 2004
Posts: 6
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 Posted: 10/27/07 - 02:34 Post subject: |
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| It's a good time to start making your credit score. To get it you will need two or three credit lines, it's only important that they are reported. It's very unusual that you have never participated in any financial activities since there are a lot of offers these days. I guess you are avoiding financial institutions because of the lack of trust, or you had no reason to use their products. But I don't understand not using credit cards! So this is my recommendation. Apply for credit cards to make your credit score. You don't have to use it often, just purchase from time to time and use it for small amounts. Think of it as another way of paying with cash, but in this case you will pay later. What counts for credit score is also various accounts, loans etc. but I presume you are not interested in these ways. I'm not saying that you won't pay anything to build your credit score, but it's a small amount and it might be very useful one day, opening many possibilities. |
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