Question by DC Skater: How to answer whether I own a home or rent, if I do neither?
I was filling out an application for a credit card when the question of whether I own a home or rent came up. I am a student and still live at home with my parents while I work and go to school. What would be the best way to answer that since you have to choose one or the other.
Answer by Aragorn
Tell them you rent. That way they don’t expect that you’ll be carrying a mortgage. Otherwise (if you said you own a home) they would expect to see proof and records of that in your credit history.
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