@MyMoneyWizard - I did a similar thing when I bought my first car. Took the loan and then paid it off early. Now I wonder why I didn’t just negotiate the cost down and buy it outright…maybe the next go around?! 12 years later I am still driving it so I must have done something right!
@NatPhorU - Interesting way to gain credit. I know parents put the kids on their accounts now to build credit but I can imagine what would happen if one of them got a hold of those cards! Your Dad was smart to put it all on you.
@8020YourFinances - Credit cards totally count! I think the first card I took out was at Walmart because they were giving away something free. Now I can’t even remember what it was!! Student loans are another huge one that I am shocked no one else listed! I never had any (no college!) but I feel for those who do/did. What a way to start your working career - financially negative!