I was recently reading an article about a millennial who wanted to buy a house. He was earning around $80K a year and was ready to pay a 20% down payment on the house he found to his satisfaction. The trouble came when he tried to get a loan; no one would give him one.

 
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The problem? He hadn’t had a credit card since he was 18 years old and started college. He ran it up to $500, got scared at how easy it was to spend money that fast, paid it off and never used credit again. He’d gotten a full scholarship to school, so he didn’t have any college loans to pay off.
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