Quote:
Originally posted by Munchkin03
EXACTLY.
One thing I really dislike is when people try to tell you that credit cards are the devil. If you abuse credit--like anything else--it can be downright demonic. My advice would be to get a credit card, preferably one for students that has a very low limit. Pay it off every month. Make sure the interest rates are reasonable and you aren't paying a fee.
If you know that you don't want a credit card, but you know that you'll need your own credit to get an apartment, car, etc., get a bank account with an overdraft protection. I opened a bank account my first week in college that had overdraft insurance (I didn't care at the time, as I've never bounced a check), and never used the overdraft protection. It wasn't until I checked my credit report in March, after graduating from college and getting a Master's, that I found out that the overdraft protection that I had never used was helping to boost my credit score.
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One of the first things I did when I got out of school (I was given an "incentive" NOT to get a credit card beforehand!) was to get two credit cards, buy something, pay the bills immediately, and then put the cards in a vault or in a freezer bag, then freeze them in a block of ice.
