Ah, the new Credit CARD Act — it’s there to keep you safe from sketchy lenders and credit pitfalls, but if you’re under 21, it will also make getting your first card trickier than ever. And credit cards aren’t just about trip reservations or ordering takeout; they’re one way to build good credit so you can land an apartment or new car down the line.
So, you’re under 21 and want a card to help establish your credit. What to do? One option is to have your parents co-sign for a card or put you onto an account in their name. If they aren’t game for that, a secured credit card is another option. Secured cards usually have higher interest rates and some annual fees, but they can be a good first step toward building your credit and eventually getting an unsecured card.
Here’s how they work: you deposit a set amount into an account, that amount acts as your credit limit, and you use the card just like any other card. Most secured ca
Several reports show continual problems with Oregon and Federal stimulus spending