Quote:
Originally Posted by Barefootsies
Nice in theory. Not good for purchasing.
I WAS debt free until I went to get a mortgage, and they told me I needed to go get some credit. Cards, and car loans. I had my car paid off for two years. I had been using only my debit card, no credit cards.
So you actually have to go into debt, or more accurately, show you can HANDLE credit effectively if you are planning to win the credit game.
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Being credit free is a good thing. Don't let anybody tell you have to go into debt to build good credit. The ability for me to have purchasing power will be the equity in my house(at the minimum).