Establishing Credit History

MaryOC
Thu, 10 Jun 2010 08:26:00 +0000

If you are able, secure a credit card with a low ($500 - $1,000) limit, and lay down expectations with her, for its use…(allot a monthly allowance for routine expenses to be charged and/or have her reserve the funds for emergency use). There are plenty of options with no annual fees, which also offer a bonus points system.

Shop around locally - credit unions and community banks in your area. You may even find one-stop shopping which will afford you the opportunity to open a checking/debit account and a bank-issued credit card. My debit card is also a charge card… tied to my checking account.