Re:The Secret Weapon Hackers Can Use to Dox Nearly Anyone in...
by gumby on Tuesday August 22, 2023 @05:35PM
(#37228830)
Like FB, LinkedIn etc the credit bureaux maintain a file on everyone they come across. So they likely have a file on you regardless.
In addition, in the US these files are used for other purposes than taking out a loan, for example renting an apartment, for some jobs, etc.
I recommend building up a credit history even if you don't need it now. You might later. There are plenty of articles on the web about how to start, basically getting a credit card (perhaps secured) and slowly building up your credit.
I am lucky enough to be a cash buyer. I tried to rent a house for a year a few months ago but my credit rating was not good enough. I have a couple of credit cards which I pay off every month (so good, my credit utilization is low) but by the rating companys' POV there wasn't enough to go on: not enough accounts, and no accounts apart from the CCs: no mortgage, no car payments etc. The fact that I'm a homeowner doesn't appear in the report.
In addition, in the US these files are used for other purposes than taking out a loan, for example renting an apartment, for some jobs, etc.
I recommend building up a credit history even if you don't need it now. You might later. There are plenty of articles on the web about how to start, basically getting a credit card (perhaps secured) and slowly building up your credit.
I am lucky enough to be a cash buyer. I tried to rent a house for a year a few months ago but my credit rating was not good enough. I have a couple of credit cards which I pay off every month (so good, my credit utilization is low) but by the rating companys' POV there wasn't enough to go on: not enough accounts, and no accounts apart from the CCs: no mortgage, no car payments etc. The fact that I'm a homeowner doesn't appear in the report.