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At 24 years old with no credit or debt, the goal is to start building credit to eventually buy a car or rent an apartment in New York City. Establishing good credit is crucial for future purchases like homes or cars, as well as for job applications, cell phone plans, and insurance. Starting with getting a copy of your credit report from the major bureaus is a good first step, especially since having no credit history means no negative marks like late payments or bankruptcy to worry about. Visit annualcreditreport.com for a free yearly check on your credit reports.