     Sean | Friday, October 29, 1999 - 10:14 am 
Get them a credit card as soon as they are born and you get a SS# for them.
A lot of your FICO score is based on the length of your credit history. Give your 18-year old an 18-year credit history. They'll be grateful. |
| Stuart Brown | Tuesday, November 02, 1999 - 11:16 am
Capital One Bank offers credit cards to high school students. |
| laurajagger | Thursday, November 04, 1999 - 03:43 am
How can you get your child a credit card? Do you just put them on yours as an authorized signer? |
| Sean | Thursday, November 04, 1999 - 07:21 am
Yeah you can put them down as a co-signer on one of your credit cards or you can co-sign a credit card for them. A good credit history will begin to form for them over time. |
| Holly | Tuesday, November 09, 1999 - 09:59 pm
If I were to obtain a new social security number legally (per your other posting in regard to the matter) how difficult will getting new credit be, given the information you outline above? Also, won't that area on my credit report that mentions the year my number was issued cause red flags to go up when my number is issued in my mid-20's? |
| Anonymous | Thursday, November 11, 1999 - 08:34 pm
If you get your kid a credit card, don't use it to buy whiskey because they track stuff like that. Seriously, though, getting a credit card for your child is a good idea to establish their credit-- as long as the parents pay on it in a timely manner. |
| Anonymous | Friday, November 19, 1999 - 04:52 am
This all sounds like a veiled attempt to utilize your child's credit card because you can't qualify for one on your own.
That being the case - shame on you for using your children in this manner - you should have them taken away! |
| Anonymous | Monday, November 22, 1999 - 03:24 am
What on earth are you talking about. How are you using your childs credit card. They would be "using" yours. ITS THE SAME CREDIT CARD |
| kristy welsh | Monday, November 22, 1999 - 09:13 am
You better trust your child alot. I can't tell you how many horror stories I've heard where a kid has charged up $1000's of dollars on their credit cards and the parent is the co-signer. Guess what happens when the kid doesn't pay? The parent gets stuck with the bill and, as a special bonus, the bad credit. Plus, the cc companies don't even have to notify the parents of the problem. Say the kid is going to out-of-state college, and this is the address the credit card companies have, in these cases, the parent doesn't get notified of the problem until pretty far down the road.
I have lots of letters that start out as: "How do I get my name removed from my child's credit card that I co-singed for?" The answer is, I'm sorry to say "you can't do a thing but close the account and pay off the debt YOURSELF if you dont' want further damage to your credit". |
