It’s weird to me. I recently applied for a bunch of rentals and my lack of credit has been the main thing holding me back. I have resolved to get a secured credit card but like how tf do people usually build credit anyway? I got denied by several other credit cards.
I also tried to apply for a loan earlier last year for a tow behind camper and even with 10k down on a 16k camper they said no. It’s like they can’t comprehend what I mean when I said I don’t have a credit score…it’s not a bad credit score….it’s that I have literally zero history. I’ve paid for everything in full including my car and the travel trailer that I ended up buying and yet I’m punished for it.
Anyways, how do most people get their name in the system? Is it always with a secured credit card?
In: Economics
Credit card. Use it for literally everything, never use cash you don’t have, pay it off in full every month. Credit isn’t about how responsible you are with money, it’s about proving you can responsibly handle debt. It’s a terrible system and makes no sense, but it is what it is.
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