My lil bro is 22 and at this time in his life hasn't had much need at all for credit. He is done with school (fire fighter) and working full time at a hospital until he can get a job in the fire fighter field. Since he has no debt, he has very minimal bills (rent, food, cell phone etc) and he has no interest in having a credit card, but I did tell him he should get one to build credit so if he needs it for a car or a mortgage in the future he would have some credit built up. He had applied for a few cards, but wasn't approved (because at this time he literally has nothing on his credit report). So I found a card for him that I thought would work and applied for him. He was approved and so he agreed to have the card mailed to me and I will use it occasionally for gas purchases and pay it off each month to help him build up his credit. I told him he could do this himself and just pick one thing a month (gas, groceries, etc) to charge and pay it off each month, but he is not comfortable with the whole concept of the credit card, and would prefer I just do that for him. Which I think is great that he is just up front and says how he feels about it and that he doesn't want to get in any kind of a mess with credit cards. So I will start using the card this week and get a score built up for him.
Helping Bro get some credit
November 19th, 2013 at 01:38 am