No. of Recommendations: 0
there are ways around needing a good credit record in order to secure a mortgage, having a good credit record never harmed anyone, and in certain cases can help in terms of insurance rates. And having a credit card can be helpful in cases where you suddenly need to make plane reservations or deal with other emergencies.

I just want to mention that when my daughter got into her first rental apartment, the landlord was extremely wary to rent to her since she didn't have a credit card, and therefore, had no credit history. The tipping point in her favor was that she attended the same school as the other three renters.

Shortly thereafter, she applied for a card at the credit union, which she's still using.

~~ Alison
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.