@Anonymous wrote:
25, with 2 credit card history's - score is great. About to buy condo and was considering family financing. Since that won't be credit building is that a bad thing for my future? Paid cash for this car and l will have cash for next car too. Just not sure if the money savings will be to my advantage if I don't have that [credit] history when going to my next home and may not have same family situation.
The other folks have chimed in on the wisdom of mixing money with friendship and/or family. In my experience, they are right to view that with worry.
But your initial question is whether, by failing to get a mortgage (and developing a history of mortgage payments), you are doing something bad to your credit future.
Having a mortgage is not important for getting best terms on a future mortgage (or any other credit product). Nevertheless, people can sometimes be a bad judge of whether they currently have good scores and a good credit profile. We do not know what your scores are, so if you tell us what those are (and where you are getting them) we can help you assess that better.
You only have two credit cards which is not ideal for building a strong credit profile for the future. It also sounds like your credit reports have no loans on them (though we can't know based on what you have told us).
PS. If you circle back and tell us your scores, see if you can start by giving us your true FICO 8 scores -- tools like Credit Karma are valuable for the reports they offer but the scores are worthless.
