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I am not completely sure of the age, but I am seventeen and my sister is sixteen and my mother was able to get each of us a credit card. Her purpose was also to help us establish some credit. Of course we are on her account though, but the cards are in our name.

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Q: Can you open a credit card account for your child to help him establish credit?
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How do I get my business to have credit?

You need to spend to establish credit. The general steps are to establish your entity, open a bank account, secure a credit card, and begin establishing credit through purchasing.


Are parents legally responsible for child's credit card debt?

If the parents are the primary card holders and let the child use the card, yes. If the child is a minor, yes. If the parents are a co-signer for the account, yes. If the child is over 18 and the credit card is their own, no.


Can an adult child legally use the credit card of a deceased parent in the state of Georgia?

No, if the card-holding parent is deceased, the card is no longer valid. If the adult child is part-owner of the credit card account, he/she should have their own card.


How does a credit card account differ from a checking account?

A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.


How do you establish credit for the first time?

The best way to establish credit is to start with a secured card. With a secured credit card, your regular payments will be reported to the credit bureaus.


Will i establish credit in a joint account?

== {| |- | Joint credit cards can work both ways. Since the credit card account is placed on both holders' credit accounts, the activity on the card as a whole affects both parties equally. So, if the card is maintained properly, it can help improve credit. However, if one of the card holders abuses the card and ranks up thousands of dollars in debt, it can adversely affect the other holder's credit rating. == Yes. Both good and bad. If you screw up, it will affect your partners credit and vice versa. A good idea for married couples is to keep a joint account, but also each of you keep your own individual account. If you are not married and getting a joint account with someone to establish credit, don't do it. You don't need to do this, and shouldn't. |}


Is in fusion credit card real credit card?

No, InFusion is not a credit card. Only money that is added to the prepaid card account can be used. InFusion cardholders who establish direct deposit are eligible to enroll in iAdvance, a short-term loan that provides help between paychecks.


Is it possible to establish credit with debit cards with the MasterCard or Visa logo if you choose the credit option when you make purchases with them?

No your debit card is linked to a checking or savings account which is not on your credit history.


Is an additional credit card holder liable for the whole debt on the credit card account?

ia an additional credit card holder liable for the whole debt of the credit card account


What is the difference between a credit card and a secured credit card?

A consumer credit card is issued to you on good faith that you will build debt and pay it off. A secured credit card is issued to you for the amount that you deposit into a secured savings account. The debt you charge to your card cannot exceed the amount that you have in your account. Once you show good faith that you are responsible enough to maintain your credit to debt ratio and pay your bills on time, the company may offer you a consumer card in place of the secured card. A secured credit card is a great way to establish credit.


What is the Difference Between a consumer credit card and a secured credit card?

A consumer credit card is issued to you on good faith that you will build debt and pay it off. A secured credit card is issued to you for the amount that you deposit into a secured savings account. The debt you charge to your card cannot exceed the amount that you have in your account. Once you show good faith that you are responsible enough to maintain your credit to debt ratio and pay your bills on time, the company may offer you a consumer card in place of the secured card. A secured credit card is a great way to establish credit.


If you dont have credit history how are you going to get a credit card to establish credit?

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