The Wall Street Journal has a story out this morning that addresses the pitfalls of not getting a credit card while in college -- when the gettin' is good. I'm a big advocate of starting your credit life early (link here). If you don't start early, and decide to stay away from credit altogether, it will make things a lot tougher later on.
Hat tip to LBCS (one of my readers) for pointing the story out to me. From the story: How to Beat 'Card Bind' (link here)
You're trying to get your life established. You get a job. Then you set out to buy a car, rent an apartment, maybe even you plan to buy a house -- all of which require credit.
But you resisted getting a credit card in college. So now your credit history is pretty much nonexistent. And getting a card after college is harder, since most lenders stop advertising to graduates the same generous deals that they routinely offer students.
What do you do? How do you get a credit card when you need one but can't get one because you did the right thing in college and didn't get one?
That's the credit-card bind, and here are five tips that can help you get out of it.