Building credit when my parents have bad credit?
While I have no credit history, my parent’s credit history is atrocious. Will this in any way effect me when I finally take steps toward building my own credit?
I also have student loans in my name, but because of my parent’s bad credit, they’re not the best out there. Will that effect what kind of credit I can expect to get right off the bat?
I am unfortunately not starting off right out of high school. I’m graduating from an undergraduate college in three weeks. I do have a decent savings account to help me pay off my student loans for two years so I don’t have to worry about those while finding A. a job, and B. a place to live.
I’m unfortunately in this position because my parents encouraged me NOT to get a credit card until I had a full time job.