Credit Cards? or No Credit Cards at all?

[Lyuyuan Zhao]

Hi all,

I'm 19 years old and I have never had a credit card in my life, and I don't feel the need to get one any time soon. However, I want to eventually qualify for loans so I can start investing. Though no credit card means perfect debt to income ratio, it also means no credit history at all. Would this be a good thing? Or is it better to have a good credit history than none whatsoever?

Should I go get a credit card and start build a good credit history now?

Thank you very much

[Erik Sherburne]

Agree with those two. I was fortunate that my parents helped me open a CC account when I was young to build up credit. You could also get small personal loan from a bank, put it in an interest bearing acct and pay off that loan systematically. You'll lose a little money in interest but establish some credit