Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Mortgage
Profile Image

Question By
asundin38

0 Contributions
0 People Helped
Is there any way to purchase a home with a 620 credit score and no credit card or car loan?
I have a good job. I really would like to buy a home instead of wasting money renting. Is there anyway around not having to get a credit card or a car loan. I really do not want either. I feel it is unfair to make someone do this in turn to purchase a home.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1884 Contributions
3671 People Helped

Would you loan money to a stranger?

Your credit score is a way of gauging how well you manage your money. 

That is the only reference lenders have to judge weather you'll pay them back. 

Credit cards should only be tool so you don't have to carry cash. If you use them that way and don't use them to live beyond your means then there is nothing wrong with using them to prove to the banks that you can be trusted. 

I tried living a cash only lifestyle for 2 decades. But as I got older I came to realize that I can live better and save money by buying in to the "credit game". 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.