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if my twenty yr old son has no credit how does he get a credit card to start building good credit |
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Date:
April 11, 2007, 5:25 pm |
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if my twenty yr old son has no credit how does he get a credit card to start building good credit |
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Answer:
A good opportunity to start building good credit is with the help of cards for no credit . Among all the credit card offers for no credit a secured credit card is the best way to establish your credit history and later on to obtain the best credit cards. Before applying for such a card, you need to make a bank account or other collateral to confirm your financial stability. Unsecured credit cards can be also an ideal decision for those who have no credit, but they charge higher fees and rates. You can try another way of building your credit, to be exactly, with the help of a co-signer, who applies for a good credit card, and when approved, makes you a co-borrower. You'll have different cards but the mutual accounts. If you doesn't pay off the debt, this account will be a compensation. |
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