Okay, awhile back I posted something similar to this in the college life section. I'm asking now because things have slightly changed and I find that the posters in the parent forum are more helpful :)
I really want to get a credit card so I can begin building credit. I always like to plan my life ahead of time and think about my future (my next 10 years are mapped out in my head lol). I know that I will need to have a good credit score in order to get an apartment in the future, so why not start building it now? My mother was in agreement with me......until someone told her their terrible credit card story. This person said that they got a credit card during their freshman year and went crazy spending. They ended up having $13,000 in credit card debt and spent 8 years paying the debt off. Now, my mother has suddenly come to the conclusion that I shouldn't get a card until I graduate from college. I wanted to get the Discover student card, however it seems like these student credit cards require a co-signer. There's a 0% chance that I could get her to co-sign for me.
I was thinking that I could try to apply for a secured credit card, just use it when I go to eat at a restaurant (spending $40 max) and pay the bill off in full using the money I get from my work study job. Have you or any of your kids had a secured credit card? And does my plan seem like a good way to build my credit?
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