Quote:
Originally Posted by ActYourWage
No, you shouldn't apply for a Credit Card to increase your credit score. Credit Scores are "I love debt scores". Save, be frugal, earn extra cash, etc.
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Nothing further from the truth. Credit Scores are not "debt scores" -- in no way shape or form. Those in debt, do not have "excellent" credit scores.
There's nothing wrong with using credit cards... there's a lot of benefits to using them responsibly.
And it's the same for cash, used responsibly.
If everyone treats their CC the same as cash, then it's no different. That's the key.
I don't want to carry cash, and I don't. "Love" of a debt score has nothing to do with anything. Safety is... and carrying cash can be an issue.