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The catch-22 applies to U.S. as well. Renting an apartment requires a credit score, which you get from having a credit card, which you can only get by having a

by _of 11y ago

The catch-22 applies to U.S. as well. Renting an apartment requires a credit score, which you get from having a credit card, which you can only get by having a credit score.

rifung 11y ago
Well, that's not entirely true. I went through the process somewhat recently, and you can get a credit card by depositing some money first and using that as your max credit. That way the bank doesn't take any risk but you can build up your credit.
- deleted 11y ago
  [deleted]
- JohnTHaller 11y ago
  It's called a secured credit card... as in it's secured by your balance with the bank. Using it helps build your credit score and history so you can get a standard credit card. I have a friend doing this now who's just never used credit before. It's more of an issue today since so many people just use their debit cards whereas years ago people used cash and credit cards. If you wanted the convenience of not carrying cash, you had to use your credit card since ATM cards didn't have Mastercard/Visa logos and couldn't be used to pay for things in stores. That's how today you wind up with someone in their late 20s that's never had a credit card or a loan.
  - wnevets 11y ago
    > That's how today you wind up with someone in their late 20s that's never had a credit card or a loan. This was me till I was 28. I was able to skip having to use a secured credit card by getting a joint card with someone who already has great credit.
sailfast 11y ago
Typically it's very easy to get a credit card from an institution with which you have a checking or savings account. I wouldn't be surprised if you had to "opt out" at this point in order to NOT receive one based on how aggressively companies target people new to the credit market. (This is especially true for college students who routinely get cards thrown at them with insane limits)
something123 11y ago
There are starter cards for people that don't have an established credit history. It's really not complicated - stop trying to make it out to be something it's not
WildUtah 11y ago
I've been an American 40 years and never had a credit score or a credit report and never borrowed any money (the three agencies don't know who I am). Nevertheless, I can rent apartments. I just have to have a lot of cash available for deposits.

by _of 11y ago

The catch-22 applies to U.S. as well. Renting an apartment requires a credit score, which you get from having a credit card, which you can only get by having a credit score.

rifung 11y ago

Well, that's not entirely true. I went through the process somewhat recently, and you can get a credit card by depositing some money first and using that as your max credit. That way the bank doesn't take any risk but you can build up your credit.

deleted 11y ago
[deleted]
JohnTHaller 11y ago
It's called a secured credit card... as in it's secured by your balance with the bank. Using it helps build your credit score and history so you can get a standard credit card. I have a friend doing this now who's just never used credit before. It's more of an issue today since so many people just use their debit cards whereas years ago people used cash and credit cards. If you wanted the convenience of not carrying cash, you had to use your credit card since ATM cards didn't have Mastercard/Visa logos and couldn't be used to pay for things in stores. That's how today you wind up with someone in their late 20s that's never had a credit card or a loan.
- wnevets 11y ago
  > That's how today you wind up with someone in their late 20s that's never had a credit card or a loan. This was me till I was 28. I was able to skip having to use a secured credit card by getting a joint card with someone who already has great credit.

sailfast 11y ago

Typically it's very easy to get a credit card from an institution with which you have a checking or savings account. I wouldn't be surprised if you had to "opt out" at this point in order to NOT receive one based on how aggressively companies target people new to the credit market. (This is especially true for college students who routinely get cards thrown at them with insane limits)

something123 11y ago

There are starter cards for people that don't have an established credit history. It's really not complicated - stop trying to make it out to be something it's not

WildUtah 11y ago

I've been an American 40 years and never had a credit score or a credit report and never borrowed any money (the three agencies don't know who I am). Nevertheless, I can rent apartments. I just have to have a lot of cash available for deposits.