While I’m on the subject of credit, be careful when giving out your credit card number. My son-in-law was on the phone about a free trip he had supposedly won. He gave them his charge card number for what he thought was a small handling fee. The next thing he knew, they were telling him about the large amount of money they had just charged on his card.
He informed the credit card company right away, but was told that since he gave out his card number, he needed to try to resolve it with the travel company first. Only if that didn’t work and a number of weeks had passed, could he dispute the charge with his credit card company.
So yes, you should have a credit card to establish your credit rating, but keep the maximum amount fairly low, and be very careful when giving out the number to anyone.
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