Why are millennials not building any credit?

Why are millennials not building any credit?

I do, once this round is done though I'm not getting any more. It's a pain in the ass.

Theyre young and stupid

>willingly participating in process of collecting goypoints

I dont buy things until I have cash to buy them. House? I already bought land and am saving to put a trailer on it. Once I have a trailer on the property I'll begin construction on my home.

Credit cards are for fags. If you can't buy it cash then don't buy it at all.

>born 1985
>still considered millennial
>work hard
>create a family
>society blames me fore everything.

This is just jew propaganda trying to get the Young millennial to start building credit. AKA more debt. most people over 25 have credit cards, but the jews need them to star younger.

hey bro you're meant to post soe

what does 'building credit' mean?

something something goy debt slave

(((credit)))

They goody goyim of America have to collect enough goypoints so they can become debt slaves for the rest of their lives more easily and get a mortgage.

>t. minecraft veteran

this is accurate.

Because Scottish universities give you money you don't need to pay back just for being a student :^)

No credit here, I survive off a firm regiment of NEETbux and tendies. Quite comfy desu

This is the American dream, 40 acres and a mule not 9,001sqft house in the suburbs with a 14 hour commute.

Debt per se is nothing bad as long as you can handle it.
That's why austerity in greece is nonsense, but you paying your tv with 0% financing is not as long as you have a job with corresponding income.

AHAHA!

only have debit

You put a charge on your jewcard, shlomo pays for the purchase, at first. You need to pay shlomo back in a certain amount of time. If you do this repeatedly, and correctly, shlomo will be more willing to.give you shekels to pay for things you can't afford at that given time, in the future. If you use your jewcard, and do not pay shlomo back correctly, they stamp " bad goy" on your credit record, and schlomo makes sure to make it as difficult as possible to make purchases with credit or take loans.

Because they're dumb and think you should pay for everything with a debit card. All you have to do is get a credit card with a low debt limit, use it to buy gas or food then pay it off in full every month. I've been doing it for the last 10 years and have an almost perfect credit rating. No wonder millennials will never own homes. You will never be wealthy on neetbux.

(((Owning a home)))

fuck off shitskin, i pay with Cash only, i only use Beit cards for Online purchases

Cause they max it out and then use up all their cash without paying it off
I love credit cards cause cashback/benefits are god tier

I'm against interest rates

>OY VEY GOYIM WHY ARE YOU NOT BORROWING THE WAY YOUR PROFLIGATE PARENTS DID????

Away with your Jewish tricks.

I only use cash. I'll never take a loan.

>Using debit cards online
>Using high liability payment methods that are directly tied to your checking account
>Not getting a credit card with rewards so you get 5% back on all purchases and marginally increasing your purchasing power
This is why you're destitute.

Not every Country shares americas retarded credit system

they're not cucks who go into lifelong slavery to pay their debt

Just shy of 800 last time I checked and it keeps climbing. 1 credit card, only buy $20-40 worth of stuff each month and pay it off with no interest after the cycle ends. Credit score is determined by different things but most don't realize that utilization is part of this: if you have a credit limit of 500 then spending only 50 means 10% utilization and a higher score over time. Why wouldn't someone build credit? Doing it passively still results in a big score. Getting a big loan down the road can be useful if you're jewing the jew on interest vs inflation.

older anons i need advice
i'm 26 and ive never had a credit card
i rent an apartment, can i go my whole life without one from here?

>Boomers are by and large wealthier than their children, own property and have retirement plans
>Don't make the same mistakes your parents made, goy!

You can.
If you don't live in the US.

mhmm? I'll own my home 15 years sooner than you and at a third the price.

>using the credit jew
Use a debit card. Its the same thing and if you absolutely must get a credit history you can simply borrow a small loan and repay it the next day.

That's pretty pathetic, but I'm actually missing out. In The Netherlands it's only registered when you take a loan, not when you pay it back. I charge a lot to my credit card and it's paid automatically by the bank who issues the card and just gets the amount from my account on the 4th, so I've been paying on time for 13 years now but getting nothing in return. RIP.

If you ever want a big loan you'll need credit...so it depends on your future plans.

/thread

>exploit free education and post war boom
>burger flipping jobs that could pay for a house and a car
>unions that forced companies to pay executive level benefits for unskilled work
>hurr hurr hurr look at how successful the boomers are, they must be right!

Boomer logic.

I have plenty of credit and I'm looking to lend it out at reasonable rates.

cash and credit are both fake jewinstitutions

however, at least with cash i won't get fucked by interest rates

>Excuses
qq

>debit

Enjoy paying for every transaction you make. At least credit cards are free to use if you're not a retard

Its ok the truth is always difficult to accept.

The only people I know who are creditless are vagrant niggers.

Nice deflection. Great argument

>Going into debt
>Ever

Dont become a slave to the jews

Stay away from debt and abolish fractional reserve lending + the federal reserve

>millennial
>working hard
Eligir uno

>paying to use your own money
I don't know what kind of shit bank you go to or worse what kind of dodgy as fuck establishments you go to either. But credit cards also charge a fee as well jackass.

Waiting for the debt bubble to explode.

idk about bumfuckville where you are, but here in australia you can get like visa debit cards and shit which work like credit cards except to your bank account.

>Why aren't millennials building good goy points
You tell me

building credit is different from being in debt
as long as you can pay off your credit card each month, you build credit and actually make money

Milennial here... I have a credit score of 790. I got a visa card just to set up a PayPal account and I chopped it up when I was done. Visa actually owes me money. I just sold my condo for a profit of $229,000 after fees and taxes and I just removed the subjects on a pretty nice house that ran me only $845,000 in the Greater Vancouver housing market.

I make six figures, have a wife and two beautiful children and I drive a sensible car with good gas mileage.

I have great finances, bitch.

You don't even need a credit card to build credit. I just got a car loan and paid it down before the term and consistently made mortgage payments.

What is it with you fucks west of France and debt?

sorry burger but your system doesnt make sense to people outside the US

>Using your credit card to pay for petty shit like gas and food.
>Not using credit for emergencies.
>Being fucking retarded.

There's a reason Pakistan is dirt poor.

consumed by materialism.

>instant gratification
>no sense of personal responsibility
>expects parental bailout
>very comfy blaming "the system" for their shortcomings
>can't tell the difference between being good and virtue signaling, so can't tell the difference between being rich and looking rich

My parents are in debt due to credit shit. I wont follow the same path.

i own 3 houses and have social anxiety and cant work i would kill myself if i didnt have these houses

>falling for the fiat Jew
When are you going to invest in gold and Bitcoin, user?

>using a credit card to pay for something and then immediately paying it off and NOT sitting in debt is hard to understand

its simple desu but i will admit that a lot of americans seems to have a fetish for living outside of their means. literally gangam style

You realize that if you aren't retarded, charge what you can afford, and pay in full each month that you pay no interest and get benefits that debit doesn't give you, right?

Plus good luck getting a loan if you never use credit.

that's not Pakistan, it's one of 'the' flags. I doubt you can use creditcards in Pakistan at places other than expensive stores and big hotels.

>Buys frivolous things on credit.
>Thinks he's some sort of investment shark.
>Is actually poor.

Yes they do.

>unions that forced companies to pay executive level benefits for unskilled work

This destroys Illinois

mortgage officer here
>mortgage salesman, basically

In America (and some other countries), we have "credit reports" which show your history of paying back debt as well as your current debt & monthly payments.

We're scored on how good we are at paying back debt. If you don't have a lot of debt history, you will get a low score.

So to do something like buy a house, you're pretty much required to have 3+ loans in your credit history, and actively have other loans or lines of credit.

basically
>you goyim need to borrow money for the privilege of borrowing more money
>oops homes are extremely overpriced because of our kikery, better take out a $800,000 mortgage to pay for it

Zulul
60% of SA millennials will ruin their credit rating by the age of 30
Sixty. Percent. Let that sink in. Idiots with no concept of money management. Get a credit card, spend a couple bucks and pay it off in drips and drabs; ez credit rating ez life? No, they get the CC, raise limit to the max they qualify for and then proceed to buy food drinks and gifts for family and friends.
And then cru when vehicle or home loan is declined. Truly sad.

>t. Former sales consultant at a leafing south african bank

Just get a car loan that you can pay off quickly and you'll be laughing. I had a $10,000 five year loan and I paid it off comfortably in two years... That took my credit score from shit to 760, which is decent enough to secure a $500k mortgage apparently.

I have never really used a credit card in my life. The trick is to build credit by getting necessary things. If you are an austere man, you can get useful loans... For cars or retirement savings plans that will build your credit score.

I have all the same things my dad has and I did it the same way... Without credit cards. Stop giving out bad advice like it's worth anything, you little idiot.

Bingo. Use credit as an investment. Calculate roi. Calculate opportunity cost. Make a decision.

I have literally never paid a transaction fee in my life.

check'd

seeing credit every day, I don't understand how millennials operate the way they do

>regularly make payments 30 to 60 days late
>multiple debts they just abandoned
>LOL my credit score is 537 aren't I so quirky?

Credit, at least in the US, only incurs interest if you wait more than a month to pay it off. You also get card benefits (depending on the card) such as cash back, accidental damage protection, an added year of warranty on your electronics, and so on. Cash back can be high as 5% for certain cards for certain categories.

At the very least, with debit charges in the US burden of proof is on the card owner to prove that a transaction was fraudulent (that is to say if you can't prove it, you still pay for it) while for credit card usage burden of proof is on the seller (if they can't prove you used the card yourself, you can get your money back).

europe is a bit different when it comes to that, we aren't as obsessed with goy points as the US.

Me and my gf do so we can get our own house together eventually, its easy as fuck.
>get a payday loan every other week and payback next day with like £1-£2 interest and a cheap ass contract phone i dont use but pay every month without fail.
Its absolutely shot up

check'd

he was replying to a guy claiming debit cards had transaction fees

I figured it out after posting... He's still got Pakistani level financial discipline though.

This

only that all their wealth will collapse when the following generations are fed up. they don't actually own shit, they just wrote it all on their offspring's tab. once those guys decide they don't want to pay the bill anymore the boomers wealth will evaporate into thin air

Usury is haram

Also a added point i forgot
>dont buy it unless you can afford it 3 times over
>dont get things on credit you cant afford
Most importantly
ALWAYS ACT YOUR WAGE

You're doing it right, senpai. I'm not sure if I should start acquiring real estate to become a shady landlord or if I should take my leavings to the stock market.

When I'm done buying my house I should have about $57,000 left over... that could be a sizeable down payment on a rental property or a very large chunk of change to throw into the market.

What kind of returns are you getting on your properties?

Yeesssss goyim. Spend money you don't have on things you don't need.

>>regularly make payments 30 to 60 days late
fairly easy to get stuck in that situation if you're retarded

>"man, I'd really like to have thing, but I can't afford it right now... unless I just delay my other payments by a month!"
>never gets back to regular payments because he was already close to living paycheck to paycheck to begin with

>mfw when you have no identity worth stealing?
feels good

>not taking advantage of credit card deals while building credit
If you can't pay off your credit debt every month thats on you, ive made hundreds of dollars and havent given them a cent

(((interest rate)))

The card benefits are a good reason to have a credit card. The travel and life insurance are pretty good bonuses. But credit cards aren't for petty purchases. They should never be used for nonsense buys, period.

Everyone who is saying not to get a credit card is a fucking idiot.

You need credit for loans and finding jobs. Just don't be a retard with a credit card.

We've actually covered this... You don't need a credit card at all. You can go to your bank and get a small loan for a retirement savings plan and pay that consistently to build credit... Amongst other things.

As long as you can responsibly track your spending, and assuming your retailer isn't some mom and pop that will cut you a discount for using cash, there is literally no reason not to use a credit card over debit or cash. If you spend within your limits and can thus pay in full every month, you are spending the same amount of money and you get more back for it.

Of course, if you don't trust yourself to be smart enough to keep up on your spending and want your bank to do it for you, then using credit is a bad idea.

Because capitalism isn't working. Success is all dumb luck and you know it.

>At least credit cards are free to use if you're not a retard
Reread that sentence and think long and hard about what you just said

>Don't have a credit card
>Full bought my car
>Broke af college student with a shitty min wage job
>Haven't payed any of my loans yet
>700 credit score
Literally everyone else I know who's a college student has a credit of like 500 or lower

>You mean the 'Jew Score'?