WalletHub: Julie Hollinshead on building credit through credit card use
Adjunct Faculty in the Department of Finance at Wayne State University Julie R. Hollinshead answered questions from WalletHub readers about building credit through credit card use. “It is convenient to have a credit card and build a good repayment history for several reasons. In a digital economy, cash may not be a payment option and person-to-person payment systems may not be viable alternatives in all situations. During the pandemic, many essential service providers are only accepting debit or credit cards for payment due to a desire to reduce exposure from cash,” Hollinshead said.