These cards are designed for people who have zero borrowing from the bank or bad borrowing

Griffin states it’s advisable that you have one otherwise one or two credit cards to create your credit score, due to the fact revolving borrowing from the bank account tend to be weighted significantly more heavily of the credit rating enterprises.

“Instead of a repayment loan-including a car loan-where you’re told you’re shell out it matter about big date monthly until it’s reduced, with a charge card, you have decided how much cash you will costs, and you also determine how much you’re going to pay off each month,” Griffin says. Continue reading »