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Boost Teenager Credit Score
Manage episode 443943425 series 2910154
Contenuto fornito da Mike Morton, CFP®, RLP®, ChFC® and Mike Morton. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Mike Morton, CFP®, RLP®, ChFC® and Mike Morton o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
Join Matt Robison and Mike Morton this week as they teach you how to help boost your teenager's credit score. Learn the proactive steps you can take early on, such as adding your child as an authorized user on a credit card. This allows teens to start building credit history without the responsibility of managing payments themselves, and you remain in control of the account.
It’s important to educate teens about responsible credit card use, such as keeping balances low and paying off the card monthly. Alternatives for older teens and young adults include co-signing loans or credit cards, student or starter credit cards, and secured credit cards for those just beginning to establish credit. These steps can help lay a solid financial foundation and save significant money in the long run.
Are you ready to create your ideal lifestyle? Let’s Connect.
Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/
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