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Establishing credit
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<blockquote data-quote="jackson409" data-source="post: 157070" data-attributes="member: 381"><p>I co-signed my sons first car for 4500. He paid it off and never miss a payment. His second car, he got his own loan for 10.5k and I didn't have to touch it. He got as good as interest rate as I could. Now as long as he doesn't miss or late with any payments he should be able to get a loan for a house. He also uses a CC for gas with $500 limit and pays it off every month. Just one more way to build credit.</p></blockquote><p></p>
[QUOTE="jackson409, post: 157070, member: 381"] I co-signed my sons first car for 4500. He paid it off and never miss a payment. His second car, he got his own loan for 10.5k and I didn't have to touch it. He got as good as interest rate as I could. Now as long as he doesn't miss or late with any payments he should be able to get a loan for a house. He also uses a CC for gas with $500 limit and pays it off every month. Just one more way to build credit. [/QUOTE]
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