1) Add him to your oldest account without blemishes that back dates.
2) Open up a SSL in his name.
3) wait six months for his file to activate with the CBs.
4) Have him grab a Discover Student and Amex. Both are young/ thin file friendly.
5) He should be sitting in the mid 700s 12 months into the build and good to go!
@expatCanuck wrote:DS will graduate in the fall. He's got no credit history. Has a paid undergrad summer internship lined up, as well as a paid post-grad internship lined up.
Any recommendations (or good sites) on how he can most effectively start to build his credit profile?
My advice would be for him to join a credit union, and get a secured credit card. After using that responsibly for 6 months he'll have a FICO score.
