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An Introduction To How Credit Scores Are Calculated
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<p>[QUOTE="heavenlyjane, post: 813262, member: 2226"]</p><p>Another way to boost your score is to become an authorized user on someone else's CC, who presumably has a stellar score. This is how we got our kids started on their financial road through life. We added them to our accounts in HS, while not actually handing the plastic card over to them.</p><p></p><p>My 24-year old has a credit score in the low 800s. Ironically she is rather phobic about applying for CCs. The only thing that motivates her is the thought of paying cash for Thanksgiving plane tickets.</p><p></p><p>My 26-year old has a similar high score and recently beat out 300 people for the "most desirable bachelorette pad" in LA. The landlord told her it was her credit score that made her stand out in the crowd.</p><p>[/QUOTE]</p>
[QUOTE="heavenlyjane, post: 813262, member: 2226"] Another way to boost your score is to become an authorized user on someone else's CC, who presumably has a stellar score. This is how we got our kids started on their financial road through life. We added them to our accounts in HS, while not actually handing the plastic card over to them. My 24-year old has a credit score in the low 800s. Ironically she is rather phobic about applying for CCs. The only thing that motivates her is the thought of paying cash for Thanksgiving plane tickets. My 26-year old has a similar high score and recently beat out 300 people for the "most desirable bachelorette pad" in LA. The landlord told her it was her credit score that made her stand out in the crowd. [/QUOTE]
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An Introduction To How Credit Scores Are Calculated
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