Decided to build credit early on. My parents are paying a medical bill from when I just turned seventeen, but I guess it was expensive because it went into collections, and now that I'm eighteen it's gone on my credit report and my current score is like, 525 or some dumb shit.
Well, I opened up a credit card without them knowing a few days ago, and it should be coming in the mail sometime soon this week. I got the one with the lowest interest rate (it also has cash rewards but idk how they really work) and no annual fee. It also has a $200 limit (as of now?) so I don't think I can get into too much trouble if I decided to be irresponsible any day. I'm planning on using it like my debit card, and write down everything I purchase/make sure I have the money in my checkings account before I buy stuff.
I know the general things like pay it off before it's due, don't get caught in interest, etc, but are there any other tips you guys could recommend? Thanks for any advice :). Haven't told parents about this because well I'm eighteen and they also have shitty credit from opening too many accounts and spending more than they had.
Edit: I'm trying to build my credit score because it'll be valuable to have in the future, if you're thinking of commenting stupid like "Don't", well...don't.
January 08, 2020 at 07:19PM
