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> There is a reason why the US creditscore system forces you to take on debt to build you credit score (just think about how absurd that notion is) To be clear
by ethbro 11y ago
> There is a reason why the US creditscore system forces you to take on debt to build you credit score (just think about how absurd that notion is)
To be clear, the US credit score system forces you to take on credit limits, not actual debt.
- ThomPete 11y agoIt forces you to use your credit card in order to build a credit score. In fact in the beginning I had to sponsor my own credit line of which I paid interest. So yeah I would say pretty much forces you to take on debt even if it's only for a little while.
- ethbro 11y agoYou'd be surprised at the number of credit card companies that are perfectly willing to keep a card (and its associated credit limit) open with no activity. But granted, if for some reason the system scores you as not-auto-grant on the initial card application (in which case I have no idea what they base it on), then you might have to go with a fee secured in order to jump start the limit climb.