When my little brother (he’s 24) told me he wanted to get a place with his girlfriend – their own place – the first thing I asked was, “How’s your credit?” because I knew they’d check.
He didn’t know. When we checked, his score was a dismal 586. It wasn’t because he had bad credit. But because he had no credit at all. Literally, zero accounts ever in his life.
I think I have 30 credit cards by now (?), a paid-off auto loan, and about to have two mortgages. With regard to my brother, hopefully I’ve helped create a path to his own points and miles journey.
But first things first.