Is credit necessary and how/where do you bank?
tiomka: Do not be an ostrich, and follow the CASH ONLY rule. It doesn't make you any smarter, credit is something you should learn to control and take advantage of. Read/listen to this book: Philip Tirone - 7 Steps to a 720 Credit ScoreQuick summary tips:1. have 3 different sources of credit (amex, visa and mc)2. use 30% of the limit (if your credit limit is 1000, and you put 900 on and pay off it every month, companies will see it as if you are using 90% of your credit, which will lower it)3. Call every 4-6 months and ask to lower rate/increase limit4. NEVER cancel a card, length of accounts is an average, and it will hurt your score. (If you don't want to use a card, make it pay your light bill automatically, and set up an monthly autopay)5.a. Quick tip to increase credit score: find someone you trust/that trusts you, ask them to put your name on their card. Don't get the actual card, if they have great credit, it will positively affect you.b. If you cannot find anyone, go to Credit Union, open a savings account, put in 1000, take 3x300 loans out against the savings account, repay loans monthly, in 3 months your score will jump* I am 24 and have an amex card with $25,000 limit, they send me promotions to get a cash advance for a fixed $3.99, great way to self fund ;-)