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Regular Contributor
Posts: 179
Registered: ‎01-17-2008
0

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

 

Regular Contributor
Posts: 217
Registered: ‎09-25-2012
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Re: 18 year old son credit 101

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






Valued Contributor
Posts: 2,829
Registered: ‎03-14-2012
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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!)

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Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: 18 year old son credit 101

not bad =)


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Frequent Contributor
Posts: 384
Registered: ‎02-06-2009
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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?


11/02/2012 Peak - EQ 790 (ScoreWatch EQ FICO)
01/06/2015 Current - TU 831 (Walmart MasterCard TU FICO 08 Classic)
GOAL - 800! - App free since 09/07/2014
Established Contributor
Posts: 515
Registered: ‎07-31-2012
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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
Regular Contributor
Posts: 179
Registered: ‎01-17-2008
0

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 :smileysurprised:

Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
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Re: 18 year old son credit 101

Congrats. Wish someone added me when I was younger

Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
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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

Established Contributor
Posts: 560
Registered: ‎09-29-2012
0

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.

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