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The Watercooler
Buying on credit question
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<blockquote data-quote="skeeter" data-source="post: 528122" data-attributes="member: 439"><p>Another vote for a bank secured card. My son is currently doing this - because of his age they wanted a co-signer for a regular credit card and we have a VERY firm policy on no co-signing. Ever.</p><p>My other son started by buying a very cheap car that he could have paid cash for, but taking out a loan instead. I did the same thing when I was his age. For both of us, it meant that when we went to purchase our first home, we already had established credit and had no issues getting a mortgage.</p></blockquote><p></p>
[QUOTE="skeeter, post: 528122, member: 439"] Another vote for a bank secured card. My son is currently doing this - because of his age they wanted a co-signer for a regular credit card and we have a VERY firm policy on no co-signing. Ever. My other son started by buying a very cheap car that he could have paid cash for, but taking out a loan instead. I did the same thing when I was his age. For both of us, it meant that when we went to purchase our first home, we already had established credit and had no issues getting a mortgage. [/QUOTE]
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Buying on credit question
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