Adding kids to a parent’s credit card rarely seems to be a good idea but many are looking to this very concept to help their offspring build a credit rating. The point of this recent article on CNBC was to advise parents on how to properly handle this nerve-racking concept. CNBC looked to Derek Miser of Miser Wealth Partners for guidance on why and how to go about building kid’s credit rating in such a manner. Miser offered that it is a good idea but simply adding the son or daughter as co-signer is equally effective although, yes, parents would be liable for any debt that goes unpaid. Read the rest of the article below by clicking the PDF.
