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I am aware of the AU acquiring the full history of the account. I have a an amex positive tl dating back to 1979 and I am only 37. Perhaps, I can wait. I certainly like the idea of using this as a tool to prevent id theft too. I have read threads here where a toddler's id was stolen...amazing jerks. Not sure what the laws are on age limits and AU's. I was very irresponsible with credit when I was in my 20's from 95-99 and never educated myself on my options so I had to suffer a long time and for many years for everything to fall off. I want to due everything I can to help my daughter build credit and us it wisely and not be dummy as I was. Maybe, I am going over board.
SoulSmilen wrote:Hmmm.. first instinct is to say I'd wait until it's closer to time for her to need credit. If AUs are still a legit way to help another person establish better scores when she is older, you can do it then. Since the history is immediately transferred, I don't see a benefit of doing it now as opposed to then.However, when you consider identity theft as a factor, doing it now could help one keep a watchful eye on that through the years via credit file; it's better than being surprised X number of years from now when it might be too late.I'm interested to see others' opinions on it, too.
Message Edited by SoulSmilen on 05-29-2007 09:50 PM
@Tuscani wrote:I would wait until 16.
Tuscani wrote:I would wait until 16.