«Their lack of visibility into critical
modern credit responsibilities [has left] many millennials with incomplete or nonexistent histories at the major credit bureaus.»
A family student credit card can help you begin teaching your older teens
about credit responsibility, and it can also be a way for them to build a credit score so they can get their own credit later on.
I / we warrant and confirm that the information given in the mortgage application form is true and correct and I / we understand that it is being used to determine my /
our credit responsibility.
If you decide to take on
some credit responsibility, it's important to remain cautious.
However you do need to show
some credit responsibility in order to begin improving your credit rating.
As time passes and your FICO score improves, you'll be able to carry your share of your family's
credit responsibilities.
The Credit Responsibility online course is provided by CollegeInColorado, a not - for - profit division of the Colorado Department of Higher Education.
Note: Even if you aren't applying for the Student Credit Card at this time, this online
Credit Responsibility course can still provide the invaluable lessons of using credit wisely.
«Your credit is one of your most important assets, so if you aren't taking care of
your credit responsibilities, you shouldn't be playing this game.»