Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
Mangohickva

0 Contributions
0 People Helped
What is the youngest age that a person can open or apply for a Credit Karma account?
I desired to teach the basic fundamentals of credit to a 17 year old before they soon enter college so that they would not abuse the priviledge of credit card ownership. However,upon several attempts, Credit Karma rejected the info entered by the teenager by shutting out the application. Should I wait until they are 18 years of age.... or older? Thank you in advance for your replies!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
10803 Contributions
4387 People Helped

This young person has NO credit to report which is why the account will not open. BUT.....since you want to teach the basics of credit, the youth could use your account.  It would not have any effect on your credit because the information in your account is just sample information, not your total credit score, and is not reported to anyone.  The purpose of Credit Karma is to teach others how to build and maintain a good credit score and the articles and financial tools on this site are excellent ways to learn credit skills.

I commend you for wanting to teach a young adult how to use credit responsibly since it will be a great benefit to him/her.  Too many people (young and old) do not have good credit skills, which is one reason this site was created.

Top Contributor
2192 Contributions
3929 People Helped

Legally they can't have credit before 18

So there wouldn't be a credit file for them to access through CK. 

Teaching them young is a great idea. Once they are able to legally have credit accounts then use the CK site. Till then you can have them read up on Credit management on other free sites like  Credit.about.com as well as the websites for the CRA's that don't require them to have an account in order to look up info.

Good Luck

Top Contributor
3051 Contributions
2897 People Helped

First of all, kudos to you!   I wish they would teach this stuff in elementary school.  Personally, I would use a different website.  Try www.credit.about.com and click on link "Learn Credit".  Also, visit www.financialplan.about.com for some great budget planners.  Between those two free (no signup needed) websites, you'll have tons of info!  

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.