Should someone that does not owe anything but has no credit get a couple of credit cards in order to build credit? What are the risks?

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Only as long as you know how credit cards work. It is a good wya to build credit but be sure that you don't overspend and pay off the balance each month.

Expert answered|toxictoast96|Points 2130|

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Asked 8/5/2010 9:47:46 PM

Updated 244 days ago|8/16/2024 12:29:42 PM

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Whitecæt

Yes, someone without credit but no debt can benefit from getting a couple of credit cards to build credit, but the risks include potential for accumulating debt, high-interest rates, and the impact of missed payments on their credit score.

Added 244 days ago|8/16/2024 12:29:42 PM

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