Quote:
Originally Posted by fatoni
why would you need credit if you never need to borrow money? the only thing credit really matters for (having credit, not good vs bad credit) is unsecured loans which a person with that mentality would never need
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Yes in principal that makes sense but there are very few of us who can purchase things like a house without applying for a loan.
So to answer your question yes, he doesn't need to build credit if his Dad is going to float him the money each time.. but I highly doubt his dad is going to float him 300k when it comes time to apply for a home mortgage.