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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Starting from scratch Date:  10/23/2001  4:56 PM
Author:  buckzimmer Number:  95739 of 312159

<<My rental history appears on my credit report. In addition, I have a friend who had no trouble getting a mortgage and he has never in his life borrowed a dime of money. So, it is quite possible.>>

There was even a poster here a while back who talked about difficulties in getting CC's and car loans because of a lack of credit, but she had no problem at all getting approved for a mortgage. Sounds like the bank is consulting him well with the secured card, but personally, I think he should stay away from debt on goods that are guaranteed to depreciate (which is almost anything except a house).

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