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18 year old son credit 101

Regular Contributor

18 year old son credit 101

wow i am amaze to what my son have done in the last 8 months building his credit profile

March he asked me to add him as AU to walmart and target I did he then turn 18 march 2012 by september he generated his first score all were above 740 got his first secured card with bofa now he has all these cards 7 cards looks like primeville to. He started his own Phography buisness at 18

4.5 credit history AAOA 7 months income less than 15K annual

 

USAA Platinum Visa 15K

USAA Amex 4K

CITI Forward 2K

Discover More 3K

Chase Freedom 1.5K

GE Paypal Xtras Master Card 3K

Lowes 1K

 

Message 1 of 17
16 REPLIES
Regular Contributor

Re: 18 year old son credit 101

Congrats to your son!
TU 746 (10/13)
GOAL: 750+






Message 2 of 17
Valued Contributor

Re: 18 year old son credit 101

Very nice.  Congrats to your son!



Starting Score: 639 (Walmart TU)
Current Score: TU 715 (Barclay) EX 685 (myFICO) EQ 697 (myFICO)
Goal Score: 700 Across the Board (Mortgage Goal Achieved 1/31/2012!)

Take the FICO Fitness Challenge
Message 3 of 17
Established Contributor

Re: 18 year old son credit 101

not bad =)


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 4 of 17
Frequent Contributor

Re: 18 year old son credit 101

Kudos to your money-savvy son!

Is your son a member of the myFICO forum? Did he do this on his own or with dad's help?



09/30/2017 - EX 811 (Credit Scorecard EX FICO® Score 8, range 300-850)
11/20/2017 - TU 842 (Discover TU FICO® Score 8, range 300-850)
10/24/2017 - EQ 845 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 11/22/2017
Message 5 of 17
Established Contributor

Re: 18 year old son credit 101

Outstanding! If he isn't a member here he should be. I'm sure he can pass on words of advice and encouragement to people.


What's in my wallet: Cap1 Venture NFCU Sig Visa Delta Gold Amex BCE Citi Simplicity IHG World MC Amazon Visa CSP
Starting Score: 5/2010 550-ish
Current Score: 6/20/2013 TU 800 6/20/2013 EQ 770 6/20/2013 EX 775
Goal Score: 800 accross the board
Message 6 of 17
Regular Contributor

Re: 18 year old son credit 101


brother7 wrote:

Kudos to your money-savvy son!

Is your son a member of the myFICO forum? Did he do this on his own or with dad's help?


Dads help by adding him as authorize user after he said he learned lots of info from the board now he is even giving me pointers haha he even told me he is in the garden now Smiley Surprised

Message 7 of 17
Established Contributor

Re: 18 year old son credit 101

Congrats. Wish someone added me when I was younger

Message 8 of 17
Valued Contributor

Re: 18 year old son credit 101

15 annual income with 15k credit limit lmao opppppspppppss **bleep**


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 9 of 17
Established Contributor

Re: 18 year old son credit 101


mr_postman wrote:

wow i am amaze to what my son have done in the last 8 months building his credit profile

March he asked me to add him as AU to walmart and target I did he then turn 18 march 2012 by september he generated his first score all were above 740 got his first secured card with bofa now he has all these cards 7 cards looks like primeville to. He started his own Phography buisness at 18

4.5 credit history AAOA 7 months income less than 15K annual

 

USAA Platinum Visa 15K

USAA Amex 4K

CITI Forward 2K

Discover More 3K

Chase Freedom 1.5K

GE Paypal Xtras Master Card 3K

Lowes 1K

 


Oh wow, that is impressive.  

 

Tho I am sure that his USAA cards are pretty much useless and just sit in a SD.  Since he only has an annual income of less than 15k and USAA cards have horrible rewards with their tiered spending levels.

Message 10 of 17