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URL:  https://boards.fool.com/ltltmaking-your-child-an-authorized-user-on-34110155.aspx

Subject:  Re: Credit for College Date:  1/15/2019  9:08 AM
Author:  SeattlePioneer Number:  312340 of 312572

<<Making your child an authorized user on your card if you have good credit is the quickest way to get them to a good credit report which will hopefully help them get the job. Child should also get their own card, That you do not Co-sign on.

I did this with children and it works. After a year or so after they have built their own score on their own cards you can get your card back from them. You then can choose whether you want to remove them as users on your card, or keep them there for emergencies as others have done.

Mike>>



I thought many people were opposed to "privilege"?

This kind of thing is just what disadvantages many in our minority communities.

Those opposed to "privilege" should let their children manage their own lives once they are 18 years of age, not being helicopter parents and hovering over them all the time.

They'd probably be better off anyway.


Seattle Pioneer
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