I don't own a credit card, and I don't want one. So how else do I build good credit? I have NOTHING on my credit... I am told that is about as bad has having bad credit, you can't get loans or anything. I would like to get a house in the next 5 years, but I would like to start some where. Thanks!Answer Question
Asked by Anonymous at 8:40 PM on Dec. 14, 2009 in Money & Work
Answer by ecodani at 8:44 PM on Dec. 14, 2009
Answer by My_3_Babies at 9:14 PM on Dec. 14, 2009
DO NOT GET CREDIT CARDS! Have you heard of Dave Ramsey? Check out his website. It this has tips for buying a home. http://www.daveramsey.com/home-buying-tips/get-finances-in-order/ Many people start out with good intentions and "I'll pay it off at the end of the month" mentality but never do, or something comes up. Then it just rolls over month to month. He has companies listed on his site, or you can call and get them that will use other types of references other then a credit score to finance a home. Here are a few of the other options besides a credit score, but check out his website for more.
*You pay your landlord early or on time *Same career field for 2 years*You have a good down payment*You have no other credit good or bad,* You aren't trying to a make too big a loan (less than 25% of your take home pay). He also has a 100% down plan.
Answer by Dakee at 9:23 PM on Dec. 14, 2009
Answer by Craftymomof3 at 10:03 PM on Dec. 14, 2009
Answer by LainieFekula at 10:26 PM on Dec. 14, 2009
Answer by Anonymous at 11:13 PM on Dec. 14, 2009
Answer by atigergirl at 12:10 AM on Dec. 15, 2009
Answer by Anonymous at 12:30 AM on Dec. 15, 2009
Answer by slw123 at 8:24 AM on Dec. 15, 2009
Answer by Anonymous at 9:54 AM on Dec. 15, 2009