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Updated about 2 years ago, 11/09/2022

User Stats

7
Posts
10
Votes
Benjamin Freed
  • New to Real Estate
  • Augusta, Ga
10
Votes |
7
Posts

Do I need a credit card?

Benjamin Freed
  • New to Real Estate
  • Augusta, Ga
Posted

I am a senior in college (22 years old) and recently accepted a job which I will start at the end of June 2023 (roughly 8 months) and I plan to buy a single family home to house hack in the location I will be moving to. I do not have a credit card and have never owned one and I am wondering if I should get one now and start building up my credit score before buying a home. I plan to use an FHA loan but have not started the process of getting approved and I do not know what my credit score is right now. Please let me know if you think I should start the process of raising my credit score now while I have at least six months before I will purchase a house or if it is not necessary for a first time home buyer. Feel free to leave any other advice for someone looking to house hack in a single family home for the first time. Thanks!

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