By Roxanne Vivanco | 07/18/2012 - 18:00
Growing up as a first generation American with Latin born parents, I didn't know what credit was until I got to college. My parents did not rely on credit and paid for everything they purchased in cash. They grew up in South America, where the knowledge of credit was limited and people were wary of credit cards. I remember my parents telling me that credit cards had high interest rates, high annual fees and only wealthy people were suitable to apply. They believed that no credit was good credit -- so that was all I knew.