Advice

>>1657973
I told my kid to get a secured credit card and use it once or twice a month. Pay off the balance every month so it doesn't cost anything except annual fee if it has one.

seems cheaper and probably just as effective. Also I found when I had no credit I couldn't even get a small loan of $1k without putting up collateral or getting someone to co-sign.

>>1657983
Fair enough I thought about getting a credit card and doing just thought but when I talked to my older brother who was in more or less the same situation he said it was hard to get a credit card after 18 of you didn't have any credit already. Admittedly I took that at face value rather than looking into it. But thanks man I'll look into getting a credit card

>>1657988
my kid got one through his bank. I think he deposited $250 as security and had a credit limit of $500. After a year they gave him his deposit back and upped his credit limit to $1k.

>>1657988
It's pretty much the same.
Either you get a secured credit card, or you put some money in a CD and use that as collateral for a bank loan.
I don't see much of a difference. The secured credit card will probably be easier. The bank will want all sorts of paperwork.

>Americucks