Ok so my Mother is 46. And credit wise she is the complete opposite of my 67 year old grandma (her mom) My grandma's scores are in the 800s no missed payments multiple credit card accounts all dating back to the mid 80s 90s and early 00s all open still (She has never and will never close a card. But anyways back to mom. 46. Very against credit every time she calls me she tells me to stop using mine. I keep telling her she needs to rebuild but she always tells me my dad and her messed it up to bad before they divorced in 2000. So I can tell you as of 2015 without looking at her reports she has a foreclosure from 2009 (Or whenever the economy or whatever went bad her job dropped her hours and she lost the house) and also in 2010 her new Mitsubishi from a few years prior she let get voluntarily repoed. And I know she has atleast a couple medical bills that went unpaid. I have a plan to authorize her on my Discover (its open date and current limit are in my siggy) As well as on probably my Wal-Mart or Cap One Venture since those are my first three cards. She is so against credit but I know I can help her get good credit. After all she is a homeowner now (Paid a house in cash as of last year after renting since she lost the other house) And I know she could use a good homeowner card such as sears or lowes. I want her to have good credit because she could get a new car with a good decent rate instead of the bad rates she got a few years ago. So please anyone who has rebuilt help me get her on the right track without going the secured route as she is not going to want more than two credit cards as it is. However I am hoping once her credit turns from very poor to good she will change her mind, and begin collecting them like my Grams. Now I am absolutely clueless to how she is getting offers in the mail with a foreclosure repo and medical collections on her reports but wells fargo is constantly hitting her up in the mail for a propel amex or whatever that one is. (I think it is the black one with gold details). So please if this is enough detail any info is good (I have no access to her reports so idk AAOA Inqs or any specific details). I am moving back to her and my grandmothers city next week and that is when I will authorize her on two or three of my nine cards and begin building her credit. Thanks in advance!!!
@bigalkescott514 wrote:Ok so my Mother is 46. And credit wise she is the complete opposite of my 67 year old grandma (her mom) My grandma's scores are in the 800s no missed payments multiple credit card accounts all dating back to the mid 80s 90s and early 00s all open still (She has never and will never close a card. But anyways back to mom. 46. Very against credit every time she calls me she tells me to stop using mine. I keep telling her she needs to rebuild but she always tells me my dad and her messed it up to bad before they divorced in 2000. So I can tell you as of 2015 without looking at her reports she has a foreclosure from 2009 (Or whenever the economy or whatever went bad her job dropped her hours and she lost the house) and also in 2010 her new Mitsubishi from a few years prior she let get voluntarily repoed. And I know she has atleast a couple medical bills that went unpaid. I have a plan to authorize her on my Discover (its open date and current limit are in my siggy) As well as on probably my Wal-Mart or Cap One Venture since those are my first three cards. She is so against credit but I know I can help her get good credit. After all she is a homeowner now (Paid a house in cash as of last year after renting since she lost the other house) And I know she could use a good homeowner card such as sears or lowes. I want her to have good credit because she could get a new car with a good decent rate instead of the bad rates she got a few years ago. So please anyone who has rebuilt help me get her on the right track without going the secured route as she is not going to want more than two credit cards as it is. However I am hoping once her credit turns from very poor to good she will change her mind, and begin collecting them like my Grams. Now I am absolutely clueless to how she is getting offers in the mail with a foreclosure repo and medical collections on her reports but wells fargo is constantly hitting her up in the mail for a propel amex or whatever that one is. (I think it is the black one with gold details). So please if this is enough detail any info is good (I have no access to her reports so idk AAOA Inqs or any specific details). I am moving back to her and my grandmothers city next week and that is when I will authorize her on two or three of my nine cards and begin building her credit. Thanks in advance!!!
My advice - don't push so hard. No one really "needs" a bunch of credit cards - its a lifestyle choice, and if she is not interested in that lifestyle, leave her be. I would simply suggest she get a couple of Capital One accounts, just so she has an emergency fallback. Help her build the lines up to a reasonable level and then leave her be. That alone will let her scores rise over the next couple of years where she can get a decent auto loan - IF SHE WANTS.
What Norman said!
