Not really. Open up a credit card, make a small purchase and pay it in full by the time the bill is due. You might even earn 1-3% cashback in the process and you pay the cost of the goods and services you purchased and not a penny more.
Granted, your first credit card will likely have no rewards and a limit of like $150.
And the catch is, to have good credit you MUST take on some debt.
Not really. Open up a credit card, make a small purchase and pay it in full by the time the bill is due. You might even earn 1-3% cashback in the process and you pay the cost of the goods and services you purchased and not a penny more.
Granted, your first credit card will likely have no rewards and a limit of like $150.