After paying cash and not financing anything I went to buy my daughter car for graduation.
I was encouraged to finance the car and applied for the car loan.
I was denied and suggested that I get a cosigner.
I did not have bad credit I had no credit.
The credit cards I have are payed off every month.
I payed cash.
I own several rental properties and have stocks and IRA accounts.
I could have gone to my credit union but i did save money on the interest.
I do see how keeping a balance on a credit card or taking out a loan to establish credit is important, Shalom