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Originally Posted by After Shock Media
You can still get away with it. Fico is changing that loophole due to people renting their credit scores to others to boost their own scores. You now just have to think a little bit. Get your kid a card when they are born or at some very young age, co-sign if need be. That way they still will get a card. There really is no minimum age to have a credit card. Then follow same guidelines, if gotten at birth they still will have 18 years of positive credit history and FICO along with others do really like and base a bit of your score on how long you have had credit. Do a few cards and again the kid is set at 18. They can only fuck themselves up.
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That's kinda pointless, and a bit way too extreme. On top of that you aren't teaching the kid anything. Earning your credit is half the battle behind maintaining it.
You just give them something they will never understand what it is to earn it and will likely screw it up first time mommy and daddy are no longer in control.
As I posted in my post above, I went from zero credit to buying a house with no cosigner, within 3 years. It's not that hard to build good credit when you start fresh, but it's hell to repair bad credit.