Credit For Children – Parents Establishing Credit For Minor Children
Most of us had our first encounters with credit around 18 years old, when we first set out to begin the journey of our lives. We were either entering college, staying with room mates or even still at home. Most of us had no incomes, and what little income we did have was as stable as we were mature! We got tons of credit card offers in the mail, and used no discretion when applying for the little pocket book that was available any time we wanted it.
As parents, we want the best for our children, and that includes providing them with the best start in their financial lives. What if I told you that it was possible to have built 17 years of excellent payment histories, with excellent credit scores to boot, BEFORE we went to college? What would it be worth to start your children and grand children’s lives with excellent credit and the opportunity to be knowledgeable about credit as minors?