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.

  • Owl [he/him]
    ·
    2 years ago

    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.

    • forcequit [she/her]
      ·
      2 years ago

      Is that how it's done? Cos I can't fathom saving 5 figures, let alone 20% for a deposit

      • Owl [he/him]
        ·
        2 years ago

        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.)