Credit cards are a necessary evil. If you use them too much, you get into debt and lose a ton of money to interest. If you don't use them at all, you have no credit history and get penalized when trying to buy a car or house, let alone other things. There is a way, however, to use credit cards wisely to both build credit and actually save additional money. Let’s see how.Read More
Credit cards are scary and mysterious. Growing up, I was told time and time again to avoid credit like the plague. It was just a tool to buy what you can't afford to then go deep into debt because of it. They didn't mention getting loans or mortgages or starting businesses. They just preached fear.
Fast forward to my college days when I finally see the importance of building credit. I learn that it basically acts as proof that you're responsible with your finances and can be trusted with large amounts of borrowed money. Well shoot, time to get a credit card then. I go to Chase bank to get a student card, but because I have no credit history, they deny me even the student card. So how do I start building credit without credit?!Read More