2006-09-26 13:56:01 · 5 answers · asked by Chris K 1 in Business & Finance ➔ Credit
Don't!!!
You'll end up like most students working for the credit card companies and living on Left overs.
The average person has $8900 of credit card debt they pay off over 12 years paying an additional 12000$ in interest and fees. BankAssociation info And BLS info.
visit DaveRamsey.com and learn what the banks don't want you to know.
2006-09-26 14:10:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A "secured" credit card works great for this....
It basically means you give the bank $1000 they then give you a credit card with a $1000 limit... you go shopping, and pay the credit card bill when it comes monthly like normal credit cards... The $1000 sits in the bank and does not get touched, that's where the title "secured" comes in.
(Do not do business with "captial one" or any bank associated with them) but thats a whole different story!!! TRUST ME !!
In a few months you have credit built up and you can ask for a higher line of credit. Aaaaaaaaaaah the credit cycle has now begun.... Good Luck and make sure this kid pays off the credit card amount EVERY month and life will be good !
: )
2006-09-26 21:27:54 · answer #2 · answered by Kitty 6 · 0⤊ 0⤋
Get a credit card! See building credit from scratch http://creditwisdom.blogspot.com/2006/09/building-credit-from-scratch.html
2006-09-26 22:40:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Get a credit card with a low limit and make sure to pay it off each month
2006-09-26 20:58:59 · answer #4 · answered by jbabybulldog 2 · 0⤊ 0⤋
borrow and pay on time
2006-09-29 04:58:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋