I buy things on credit card, and pay the full amount off, but my credit score is going down instead of up?
I have nothing else my name expect this credit card, and student loans that are not due yet because I am still in college.
I buy things on credit card, and pay the full amount off, but my credit score is going down instead of up?
I have nothing else my name expect this credit card, and student loans that are not due yet because I am still in college.
mum told me never get a credit card so I never got a credit card
Not being reliant on credit ironically hurts your credit.
not indebted, just impoverished :think-about-it:
I did what you did for a long time, then when I wanted to buy a house I had to first get a credit card for a year. I think I used it for my groceries and phone bill only.
Totally rational system btw.
Is that how it's done? Cos I can't fathom saving 5 figures, let alone 20% for a deposit
Oh no, having an extraneous credit card is on top of saving up for a deposit.
(And you can pay less than 20% for a deposit, but if you actually need to, they're going to fuck you over very badly.)
To be fair high financial equity basically requires you to have some sort of credit that can be leveraged as well as some sort of debt to offset operating costs. Think of it like futures except you’re betting on yourself.