Article: How To Help Your Teen Prepare For A Strong Financial Future (What Schools Should Teach About Credit)
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How To Help Your Teen Prepare For A Strong Financial Future (What Schools Should Teach About Credit)
Our college-bound son just bought his first home at 21. He was able to buy a home for forty thousand under the appraised price, get a low interest rate, finance the closing costs, and pay no money down. How could he possibly do this? His credit score is over 700.
You can help your teenager prepare for his or her financial future by establishing a high credit rating. Offer your teenager these three crucial credit tips for a great financial future:
1. Start early. Begin by successfully managing a checking account-- the first credit requirement. Wells Fargo Bank has a program for children to open joint accounts with a parent as young as 13 years of age. For a free individual checking account, Washington Mutual requires a minimum age of 18 or a manager's approval ...
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