How to Live Debt-Free With No Credit Score
How to Live Debt-Free With No Credit Score Many people see debt as a necessary evil, but it still is possible to live—and thrive—without using debt or worrying about your credit scores. The benefits of debt-free living are easy to understand, but it's important to know what challenges you'll face and how to overcome them if you stop playing the credit game. CHALLENGES OF LIVING WITHOUT CREDIT Not using credit means you won't have a credit history, giving you a low credit score. This can make it more difficult to buy things, and re-entering the world where credit scores matter can be painful if your plans change because it takes time to build a good one. One of the biggest challenges of the debt-free lifestyle is paying for everything with cash. It doesn’t have to be paper cash; it can be a debit card. If you’re not going to borrow, it takes more time, more savings—or both—to afford major purchases. You’ll have to save a substantial amount of money t...