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Feb 11, 2020
10:41
:00
pm
Garn
All-American
I have a daughter who is trying to build her credit to buy a car
Will being an authorized user on my credit card do the trick?
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Garn
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Garn
Joined
Mar 27, 2002
Last login
Apr 25, 2024
Total posts
9,637 (33 FO)
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Messages
Author
Time
I have a daughter who is trying to build her credit to buy a car
Garn
2/11/20 10:41pm
Doubt it
cambo
2/11/20 10:45pm
It’s a very good way to get someone some credit history fast.
monteburns
2/11/20 10:48pm
We told our kids we'd cosign on first car loan if they set up payments on auto pay. Worked like a
Soupie
2/11/20 10:49pm
It'll help, but I'm not sure if that alone will be enough to "do the trick"
jrob30
2/11/20 10:49pm
If I understand it correctly only the main card holders credit factors in, so
akmewg
2/11/20 11:15pm
This is my understanding as well.
cambo
2/12/20 11:25am
Google credit card piggybacking. A credit score is something that is calculated
GilaHank
2/12/20 11:34am
My daughter was able to buy a house in her 20s with a sky high credit score
LaserCoug
2/12/20 11:54am
Yes it will. Make sure it is your oldest card and you don’t have a balance on it
GilaHank
2/11/20 11:25pm
Why does it have to be my oldest card?
Garn
2/11/20 11:48pm
Credit scores are calculated based on several factors, one of which is
GilaHank
2/12/20 12:10am
Also don’t give her the card
LaserCoug
2/12/20 8:34am
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