4 ms·
Why would you need a credit history if you don't use credit?
by craigds 10y ago
Why would you need a credit history if you don't use credit?
- nommm-nommm 10y agoCredit score effects your insurance rates (in the majority of states) and your ability to rent an apartment.
- cowsandmilk 10y agoGetting a mortgage is the big one. That said, I think people worry too much about credit histories. And every foreigner I've met who moved to the US as a pharma scientist with a 6 figure salary has been able to get a mortgage despite not having a credit history in the US. A good credit history (vs. having none) generally seems to matter when you are getting a mortgage close to the limit given your salary.
- criddell 10y agoSome employers will run credit checks on prospective hires.
- nfriedly 10y agoHasn't been an issue in my case.
- pacaro 10y agoI've had my credit checked as part of background checks the last two times I've changed jobs. AFAICT they aren't interested in my (abysmally low) credit score, but are rather using it as a signal that I am who I claim to be - which is essentially what the background check is for in the first place. A very low credit score doesn't stop me renting an apartment either, probably for similar reasons. Although it did mean I couldn't rent in the presidio