Vivian WeyllThe Sales Queen™ | Creator of InfluenceOS™ | Performance Psychology & Sales Authority

How RICH people help their kids get perfect credit scores💳

Name: How RICH people help their kids get perfect credit scores💳
Uploaded: 2024-03-17T22:00:19Z
Channel: Vivian Weyll
Description: A short YouTube clip by Vivian Weyll explaining a simple strategy wealthy parents use to give children excellent credit: add them as authorized users on…

17 Mar 2024

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A short YouTube clip by Vivian Weyll explaining a simple strategy wealthy parents use to give children excellent credit: add them as authorized users on a parent’s credit card early (even at birth) and maintain on-time payments so the child inherits positive credit history. The video presents this as a three-step approach and ends with a call to action to follow for more business education.

Here's how Rich people help Their kids get a Perfect Credit Score Rich people get their kids set up with a perfect credit score way before they can even apply for their own credit cards. And it's not even that complicated. Here's how you can do it in three Add your child as an authorized user to your credit card as soon as they are born or whenever you can. There's really no minimum age requirement for an authorized user for most credit cards. The credit card will have your child's name and you're going to be responsible for the bill. While you might be thinking, what does my baby need a credit card for? Well, that's not the point here. You're not giving that baby or that child the credit card. You're going to put it away safely and just let it go. You make sure you make your payments on time and your good credit. The history on that credit card will also show on your child's credit history. Well, by the time your child reaches high school, they're going to have an impressive credit score without having to do anything. Follow for more business education.