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What's a bit of good advice that's really bad advice? (lemmy.world)

submitted 7 months ago by [email protected] to c/[email protected]

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You know, like "always split on 18," or "having kids is the most rewarding thing you can do in life."

What's that one bit of advice you got from a trusted friend that you know deep, deep down would just ruin your thing?

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[–] [email protected] 4 points 7 months ago* (last edited 7 months ago)

Yeah no. Pay the entire statement balance every month, that's the whole point. If you want to do debt stuff I guess you can get a mortgage or a car loan or a school loan, but these are not requirements for good credit. You use the card, you pay the card, you now have 100% on time payments and probably low credit utilization. Get a card early so average account age high if you can, and don't get lots of hard credit checks in a row.

You can literally get free credit checks through most banks or directly from places like Experian and see what it is that affects your particular score.

Don't pay 18 or 25% interest on anything, that's nutty.