Credit Card Necessity

In any discussion of credit cards, it is important to point out that our current society requires that adults have at least one credit card, along with other debt which can be reported to credit bureaus, in order to assign a credit score. Without a credit score, one cannot make major purchases, such as cars, homes, boats, even appliances with time payments, and, in many cases,

it is difficult even to rent an apartment or home, or to get a job. People today must have at least one credit card, along with a checking account, and perhaps one revolving debt from some other type of loan.

About the author