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Originally Posted by seclark
nothing's wrong with that...but somewhere in life, chances are you're going to have to get a loan. you can write down everything you've paid for in cash on that loan app, but if you've never taken out and paid off a loan, the lender is probably going to want a cosigner.
i'm no expert on this, outside of the fact that i couldn't get my first loan without a cosigner.
sec
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you can build credit history without using big-ticket installment debt.
i am really only in favor of borrowing for a house, but that is just my philosophy.
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"...and it's not surprising then they (small town, ordinary American people) get bitter, they cling to guns or religion..." - Barack Obama
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