OT: I am in the process of doing my first Credit Report. Any suggestions? ***
- Thread starter Freddie.B.Cocky
- Start date
Not sure what OP is talking about but along these lines:
I don't know if people are aware, but just as an FYI.... You can make your children authorized users on your credit cards at around the age of 14. They don't actually have a credit score until 18, but all of that time as a user on your card then dumps onto their credit score...
My boy had about a 780 score at less than 19 years old. I never had to co-sign for any loan.
I don't know if people are aware, but just as an FYI.... You can make your children authorized users on your credit cards at around the age of 14. They don't actually have a credit score until 18, but all of that time as a user on your card then dumps onto their credit score...
My boy had about a 780 score at less than 19 years old. I never had to co-sign for any loan.
True. Great way to help your kids get a start. In addition to building credit, I got my kids cards on my account and had them use it to buy gas and pay it off each month and they learned a great deal from the experience.
Good for you! I had a gas card but didn't have to pay for anything. I also had a weekly allowance for not doing anything. My parents had a rough time during the Great Depression. They wanted things to be better for their children. So they ruined us.
Dave Ramsey is awesome.If this conversation were on a UT Volunteers forum, I'm sure Dave Ramsey would be exploding right about now.
Disagree. He's a businessman. A prideful know it all businessman... I'm not saying that some stuff he has to say isn't good, but he sure thinks a lot of himself, and just rubs me the wrong way with his attitude.
And I completely disagree with his stance on credit cards. They pay me to use their service. I've never paid a single red cent of interest in my life, and they put at least 50 bucks a month in my pocket.
Don't disagree with that.
He used to be on the radio around here. I enjoyed the lectures for people that had dug themselves huge debt holes.
But I agree with you on the CC's.
I use CCs as well, and like you, I can't remember the last time I paid a dime of interest on one. But that is not true for the vast majority of credit card users in America, many (most?) of whom are drowning in consumer debt. For them, I think his guidance for getting out of debt as the first step toward building wealth is spot on, even if sometimes oversimplified. So, while I don't personally follow his advice to get rid of my credit cards, I can't say I disagree with his stance on them.