Establishing Credit History

MizzBee
Thu, 10 Jun 2010 00:54:49 +0000

While a credit card is the easiest way to establish credit, it is also harder to get for an 18-year old now. You can also try to purchase something with regular installment payments (I bought a dishware set at 18 for my hope chest). If a credit card is used, then keep the credit limit low for a while, and tell child to use regularly and pay off within a few months. In the old days, I would say pay it off each month, but many credit cards will cancel a card that is not “profitable”.