Tag Archive | “credit record”

The Dangers of Co-Signing for a Kid’s Credit Card

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Those people that are under the age of 21 will now required to provide proof of income in order to get a credit card or they have a parent or someone else who is over 21 co-sign their application.

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Of course the reason behind this restriction is to make it tougher for young people to get credit. But another big question now arises with that solution: Should you sign for your child’s credit card?

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December 2010
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