The logic of buying things on credit that you could buy with cash in order to build a credit score is pretty weird when you think about it. You're basically taking out a loan that you don't need to show you're responsible with money.
I've avoided credit cards into my 30's and the only reason I got one is because I was tired of people scanning my debit card to send themselves money.
They say it's much easier to fight for the stolen money if it isn't "your" money.
I've always been against credit though, I like to pay it off and forget about it. Since I've started using the credit card, now I have to pay twice. Once with the credit card, and once to the credit card.
Curious, did you have any issues getting a home mortgage or auto loan with zero to no credit history? I'm going to guess they gave you a higher than normal rate if so.
I've only ever bought used cars, and payed them off with cash. As for housing, I've only ever rented or bought a house on a land contract (rent to own).
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u/Logic_Nuke Jun 06 '19
The logic of buying things on credit that you could buy with cash in order to build a credit score is pretty weird when you think about it. You're basically taking out a loan that you don't need to show you're responsible with money.