Quote:
Originally posted by DZHBrown
An alternate way to build good credit without getting a credit card is to pay student loans on time, if you have any.
|
I was told that paying student loans does not give you the kind of credit that paying a monthly credit card bill would-but maybe it is b/c I have automatic payment each month with my student loan?
I never pay interest-I transfer balances every few months to the 0% offers-if you do this it can save lots of money but make sure you close the old account. I just learned from my mortgage company that I have 16 open credit card accounts which lowered my credit rating.