bluejaydf2

I'm very happy to have found this website after Wamu was bought out by Chase and Chase stopped letting Wamu card holders see their FICO score. I don't think it is impossible for a young person to have a good score, as I'm only 22 and have, according to Karma, a score of 742. I have always payed my credit cards on time, never let the balance get too high, yet got my first card but three years ago. I can not stress enough the importance of always paying bills on time, and furthermore to get a card as soon as possible. Three years ago I was lucky to have an Aunt give me three thousand dollars for school tuition because I was turned down for a loan since I had no credit history. To all parents out there, do let your kids get a credit card starting around sixteen years old, but don't let them have the card. Only give it to them for purchases you have specifically approved of, then make certain they pay it off in a month or so. This will help their score in the long run, and with any luck allow them to get school loans in their own name, saving you from being a cosigner. And maybe instill good financial habits.