Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Anyone else not have any credit cards & why does it hurt my FICO score?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Companies can't forecast what kind of a credit risk you would be if you have no credit history. Your mortgage should help a lot, but it's only one data point. I have two credit cards. One is for big purchases to spread out the payment over time, and for online purchases because it's safer to use a credit card than a debit card for such purchases. I also use it for situations where my card has to leave my sight, like for a bar tab. Otherwise, I use debit or cash. This card has a low interest rate and I keep the balance low. (I have a balance at all because I had to pay for $4,000 of summer camps in Jan/Feb, followed by a big car repair bill.) the other credit card is just a back-up card in case the first one gets compromised - I haven't used it for years and I pay nothing for it. My credit score is around 800.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
