Which would be the best option for building credit after recently graduating college? Renting an apartment/house or actually taking out a mortgage to buy a house.

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Posted by Charles Williams (MONEY FORUMS: 4, Answers: 2)
Asked on April 20, 2016 10:01 am
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Hello Charles,
The decision on whether to rent or buy should not be based solely on a need to build credit. You can build credit by obtaining a credit card and properly managing your spend and debt payments. In fact, I’m not sure you would be able to obtain a mortgage easily without having built some credit before. I suggest you start with a department store credit card or a major credit card if you can. I am not suggesting, however, not to buy a house if you concluede that for all the right reasons this is the time to do so, and you are able to obtain a mortgage..

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Posted by Ramona Cedeno (MONEY FORUMS: 0, Answers: 5)
Answered: April 23, 2016 11:15 pm
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