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re: 18 year old son wants to start building credit. Recommendations?

Posted on 2/6/13 at 5:14 pm to
Posted by tiger91
In my own little world
Member since Nov 2005
36808 posts
Posted on 2/6/13 at 5:14 pm to
My son is a user of our card ... THAT helps him to build credit? I honestly don't think I knew that since the bill comes to us and is paid by us. (He uses it for gas, things for school.)

And I thought if under 21 yo you had to have a parent co-sign???
Posted by southernelite
Dallas
Member since Sep 2009
53180 posts
Posted on 2/6/13 at 6:32 pm to
quote:

And I thought if under 21 yo you had to have a parent co-sign???

lol. no.
Posted by yellowfin
Coastal Bar
Member since May 2006
97793 posts
Posted on 2/7/13 at 8:10 am to
quote:

My son is a user of our card ... THAT helps him to build credit? I honestly don't think I knew that since the bill comes to us and is paid by us. (He uses it for gas, things for school.)


It does, get a copy of his credit report and it should be on there.

quote:

And I thought if under 21 yo you had to have a parent co-sign???




nah, I had 3 cards with about 10k in debt by the time I was 21
Posted by lsuCJ5
Holly Springs, NC
Member since Nov 2012
976 posts
Posted on 2/8/13 at 8:43 am to
my parents bought a vehicle once and added me as the co signer. also maybe get a cell phone under his name, i believe that was my first item under my name.
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