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Author: sunflare Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308782  
Subject: Re: Are parents really helping? Date: 9/13/2005 5:09 PM
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Well, here's a question... are they *telling* the child that they're on the credit card?

I know that there are at least a couple of my long-history cards that show up on my husband's report, even though he's only an authorized user. In fact, I specifically added him to those cards *because* I knew they would show up on his history (he had little to none, at the time. Paid cash for everything). He's never used the cards, but we did see a marked improvement in his credit score. So if the child is added to the card, but never told that they can use it, then I don't see the danger of it. It might help in the long run, when they try to get that first car loan - the difference between needing a cosigner (i.e. mom or dad) and not needing one.
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