Questions about CREDIT and young people!
Okay, bear with me. I have a lot of questions about this :)
1. If I apply for my first credit card, does this now classify me as having a 'perfect' credit score?
2. I have a job, but hypothetically speaking, what if I didn't have a job, would I be able to use my credit in the meantime and buy things such as an apartment?
3. I ask all of this because I'm thinking about getting my own place when I turn 18 in a few months. I know living generally cost about 1500 a month for a person as far as electric, water, mortgage/rent, etc. So I'll have my expenses covered for the first few months from my savings, but after that I may depend on a credit card. Is this smart. Can I just put all the payments on the credit card to begin with and then gradually pay it off? Say I want a new car around the same time?
I know being young definitely has a toll on how this credit thing works so could you guys help me? Thanks a bunch!
Comment on JammerT's post
You're not lying, It certainly is hard! (smh.) but thanks so much for your advice! :)