Because if you don’t follow the American dream with good credit you’ll end up homeless. Now if they guaranteed everyone a little apartment which they do in Germany then the fear factor wouldn’t work.
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.
Because if you don’t follow the American dream with good credit you’ll end up homeless. Now if they guaranteed everyone a little apartment which they do in Germany then the fear factor wouldn’t work.
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.