darkguy2 wrote:Yes I have made sure to tell him that. It can easily turn from a something that is building his credit to something that ruins not only his but his parents. However I doubt they will give him a very big limit that his parent could not pay off. They are rather well off, middle-upper class. He is also a rather responsible guy.
I don't mean this to sound harsh, but if he's that responsible guy, maybe it's time for him to cut the strings from the 'rents...or at least start to. Even a full time college student can work a job, either full- or part-time. I know. My 20 year old daughter does. She works full time with a very flexible schedule along with going to school full-time. She's paying her own way, though I did have to co-sign one student loan for her. She's got scores in the low 700s, but a thin file. I had her as an AU on several accounts, but have suggested it's time for her to branch out on her own and get her own cards. I also have a 24 year old son, not in college, but working full-time, who also pays his own way. Having parents to bail them out is not what our children need. They need to not only learn independence, but initiate it on their own. That's what I did waaaaaaay back in the 60s-70s, when I was in college...and glad I did. Yeah, I made mistakes along the way, but they were MY mistakes and I paid for them...and learned from them.