Thank you for the patience with this post, I appreciate you.
At one point, you’re going to need to buy a home, a new car, or take out a loan for something etc. There is an option to have a credit worthy cosigner, and it’s nice that the option exists, but it’s an inconvenience. Especially if you have a history of paying your bills, and paying them on time. But if the credit reporting bureaus didn’t report it, then it might as well not have happened. It’s called credit invisibility.
Unfortunately, you don’t just start out with a good score that gets affected by your financial decisions. If you’re not building your credit score, don’t expect to have a good credit score when you do eventually start to show up in the world of credit reporting agencies.
It sounds financially sound not to have to use credit cards constantly or, owe anybody money, but it’s not credit “sound”.
Anyway, that’s all I had for today.
I’ll catch you Thursday for the next post, until then, be well.