It’s a classic chicken or egg dilemma: your kids graduate from college and face an immediate problem: they have no credit history, which makes it harder for them to rent an apartment or get a credit card. But how do they get a credit history without someone granting them credit? Is there a way the parents can help them without risking their own credit score?
An article on the website Nerdwallet suggests a solution that will cost just $200. You encourage your child to open a secured credit card, whose credit limit is equal to a deposit that can be …Read More