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jimtodd

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Does not having a credit card hurt my rating?
I do not have a credit card, and I want to know if this lowers my score. I don't need a card as I do not make small purchases on credit, but I will need to finance a car next year. Would getting a credit card now improve my financing options on an auto?

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Top Contributor
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It is one of the fastest way to improve your credit score. But you don't really need one. If you are satified with you score, then don't apply for one. You score will drop first before it goes up when you apply for new lines of credit.

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