 I just turned 18 and i have bad credit, looked up my credit report, and found i owed $91.00.....? |
| and i could not find a mailing address or phone number for the credit company that i owe the money to. Funny thing is, i got one notice a year ago and none since. Any suggesions????... |
|
 I want to refinance my house but? |
| I want to refinance my house but the bank said I have to wait 3 years before I could refinance. We bought the house a year ago already, but would like to refinance to fix some things around the ... |
|
 What is ones credit score after Chapter 7 Bankruptcy Discharge? |
| Hi, my husband & I filed Bankruptcy 11/20/2006 due to a local attorney coming after us for $3,500 in medical bills from 1998-2001. We had our hearing on 1/9/2007 and our bankruptcy is due to be ... |
|
 Does this hurt your Credit Score? |
If you make a mortgage payment between your grace period.
Let's say you payment is due on the 1st....but there is an additional penalty after 15th....so there is an obvious grace ... |
|
 I want to buy a car, How can I build my Credit? |
I'm 18, barely got my credit card 3 months ago so i dont even have a credit score.
Today I went to a dealership to see if i could buy a car(planning for later) and they told me that since i&... |
|
 Can someone explain credit card APR to me? |
| Looking to apply for a credit card but i'm confused by APR. What does it mean exactly. I know its a way of charging you for what you spend but how is it worked out.... |
|
 What is the best way to establish credit when you have none? |
| I have no credit. I am getting ready to graduate and I am getting married in August.... How do I establish credit? Should I get a credit card and use it wisely paying it off every month? Or should I ... |
|
 Bed credit rating? |
| i have defaulted on alot of credit in the past and entered a debt management scheme, i have now been paying my creditors for 3 years without any missed payments through the scheme, i will be finished ... |
|
 My employer recieved an order to withold on my wages!? |
| I just recieved in the mail today by my employer that they have to garnish my wages. I guess a creditor got a judgement to garnish my wages. I recieved letters and a summons before by these ... |
|
 Is my Credit Score good?? |
| I recently checked my credit score on Experian and it said that it is 722 on a scale of 501-990 and then I estimated my credit score on MyFICO and is says that my score ranges from 705-755. Are these ... |
|
 What is the best route to take to repair poor credit.? |
| Imake good money but always have had bad cridit I want to buy me a home this year.... |
|
 BEST AnSWER GIVING 10 POINTS for the following question? |
| is there any "1500 or less" cash loan offers that will definetly be sent to me with bad credit. any webistes pls not bank loans like the sent to your checking acoount in 24hrs offer. PLEAS... |
|
 Is it bad to have too many cards?? I dont even use them!? |
| Im trying to build my credit, so I applied for a bunch of cards and got a few. I never occur interest on them, and hardly even use them. Does this look good or bad??? Should I get more, or just use ... |
|
 I was taken to court with out me knowing on a loan. They were given a judgement against me.is that leagal?? |
| it was a personal loan in only my name. I had no idea that it was even going to court. Now i have the judgement against me. I used personal property to secure the loan, but i no longer have any of it.... |
|
 I am being sued by a collection agency through their attorney? |
| I was served papers -" to appear by filing a written answer the petition of plaintiff" How do i do this? I cannot afford an attorney (it was a credit card co charge-off and i wrote a ... |
|
 What's a good credit card for students? |
| I am is dieard need of a credit card and I need to know what is a good one for a student with no credit and no cosigner? thanks.... |
|
|  |
bellamiella | Whats the best Credit card for a 17 year old? |
|
 |
 
JD Artist
|
It is never too early to learn the basics of managing credit but with that comes the consequences of bad management and sometimes that is a hard lesson yet it has to be learned.
A 17 year old person is an adult these days and I applaud your forward thinking.
If most young adults learned good credit management by the time they were 18, there would be a lot less financial grief in this world.
You can make the person an authorized user on your account or help them obtain a secured credit card which means a deposit must be placed in the amount of the credit extended.
Either way you go, you should consider keeping the credit limit very low. Someone already said; credit is not free money and it is never too early to learn this fact.
Orchard Bank offers credit cards for people with bad or no credit. It will be a secured credit card until that person can demonstrate a record of responsible behavior and there is the benefit that responsible behavior will get this person a strong credit score at an early age and perhaps that will be an incentive to keep it strong and be responsible at all stages of life. |
|
Gsqueeze
|
No credit card is best for a 17 year old. |
|
The baby penguin
|
none...a 17 year old doesn't need a credit card. |
|
Vbonics
|
I don't know that you can get one being under 18, without a cosigner/coapplicant. Honestly, having a credit card at 17 is unnecessary. Even if you have a job to pay the balance, it's very difficult to be responsible with credit at an early age. Hope this helps. |
|
az
|
Some credit cards offer accounts tied to a parental account with a very low credit limits. These are good for emergencies. Or try a debit card.
Be very careful with credit cards. If you aren't going to pay it off every month or you don't understand compound interest, don't get a credit card. Never pay just the minimum balance. Remember credit is not free money. Credit Card companies are in it to money. And they make BIG money. At a 21% interest rate it doesn't take long for that cute $50 sweater to end up costing you $150. |
|
Pete
|
One that doesn't work.
Why would you give a credit card to a 17 year old? I know when I was 17, I was about as financially responsible as the regulars in bankruptcy court.
Consider this article:
http://www.daveramsey.com/the_truth_about/teens_and_credit_cards_3592.html.cfm
People everywhere are up to their elbows in credit card debt...and a lot of them started it up just like smoking: when they were young.
Don't think for one second that the 17 year old you are talking about will somehow be an exception to that rule. |
|
amlover_462000
 |
I have a child about to turn 17. She has had a "debit" Visa for 3 years now. She attends a school away from home and it is the easiest way for her to have funds to buy clothes, shampoo etc.. It has also taught her fiscal responsibility.. We(she and I) have a joint account but she gets an allowance and spends accordingly.. She has never overdrawn the account and I have never had to rush and fund it.. I think if taught properly and used properly it adds a self dignity factor when the children govern their own funds.. Credit Cards can be of the same benefit with a limit and parental controls. |
|
chad f
 |
If you are going to get one, get a secured credit card. Their safer. |
|
bud68
|
I agree with the majority here. A 17-year old shouldn't have a credit card. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 11 minutes(s) ago
| | | |
6 | 13 minutes(s) ago
| | | |
8 | 33 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
10 | 4 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
2 | 9 hour(s) ago
| | | |
7 | 2 day(s) ago
| | | |
8 | 5 day(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
