It’s important to build solid credit because your life can be difficult without it. To help your adult child establish credit, have them sign up for a low-limit credit card.
Photo by CUNY Academic Commons
Forbes offers a few different tips for helping uni students build credit, and here’s one they suggest:
Have your child open a credit card — but have the bill sent to your house….You can help them by monitoring their credit card usage. Start with a low-limit card that can also earn them reward points and be sure to pay it off in full to avoid those high interest charges.
There are without actually using a card. Eventually, it pays to learn to use credit responsibly, but this is a decent option when you’re just starting out.
For more detail, head to their full post at the link below.