How can I help my college age child establish good credit?

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How can I help my college age child establish good credit?

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Establishing credit for your children is very important, especially when they get into college. How do you establish, or help your child establish credit when they're in college is get them a credit card and you should teach them how to use it before they go away to college. But getting a credit card in their name with a very low limit, a limit of let's say $500, so they can go and start charging things on their credit card and paying it off in their own name is very important and will help them establish credit.

View David Roberts's video on How can I help my college age child establish good credit?...

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David Roberts

CPA

David Roberts has five children and lives in Southern California with his wife Cynthia, their dog Lucy, and cat named Cooper. Dave has always singled out being an involved parent as his most important life’s work while managing the job responsibilities of being managing partner of his CPA firm, RBZ, LLP in West Los Angeles.

 

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