I constantly run in to couples where one of them has no credit due to the fact that their spouse has the credit and they have a spousal card and assume that they have credit as well. This is not true and the reality is if they do not have their own credit cards or loans they will not be building credit, which can seriously affect their ability to borrow.
Everyone needs to have the ability to borrow money. That’s true whether you’ve just found yourself in the new role of single parent without an emergency fund, you’re a young adult starting out, or in the case above. The reality is that if you want to borrow money you must have a strong credit history. Gale Vaz-Oxlade of Yahoo Canada Finance outlines 10 easy ways to build your credit history. Click here to read the full article.
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