<prompt> Human: I have no credit. I have never taken out a loan and I have never had a credit card. Owing money makes me stressed, so when I want to buy something, even if it is expensive, I just save up and buy it with cash. It has been difficult for me to do a lot of things because of my lack of a credit history. I couldnt sign up for Covered California because they confirm your identity through Experian. It is difficult for me to find housing. I had to buy a used car from the owner instead of from a dealership. Other than confirming your identity and avoiding other roadblocks people throw at you for having no credit, what is the point of credit? Why does it exist? Putting something on credit or taking out a loan sounds very stupid to me. If I were to pay for something with a credit card, wouldnt I just have to pay it back with interest? That sounds horrible, why would I do that? To my mind, if it werent for these we wont let you do X unless you have credit roadblocks, there would be absolutely no reason for me to have a credit history at all. Can someone explain the benefits or having credit or a credit history, aside from avoiding these roadblocks?  <response>: If you can save up 300,000 to buy a house with cash before you are 60 more power to you friend. For the rest of us, good credit is a tool that we will need in life. 