By Tim Kowols
Even if you pay most of your bills with cash, it is not a bad idea to have at least a little credit along the way. According to a 2015 CNBC report, over 45 million Americans do not have a credit score at all. Many are teenagers who have not had credit extended to them because they never had a bank card or a car loan. Gay Pustaver from Money Management Counselors says not having credit can affect your ability to get loans down the road, especially if your partner enters the relationship with poor financial standing.
Pustaver says hard credit checks, which occur when you go from lender to lender trying to get a loan, could have a negative effect on your score. You can listen to the entire Money Management Monday interview with Gay Pustaver online with this story.