She was denied because she has no credit.
But those days are long gone.
Youll need to check with your credit card company about whether it does.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
Anything that can establish a positive credit history is better than havingno credit history.
Another possibility is for you to be a co-signer on a credit card thats in your daughters name.
That means having verifiable income to prove she can afford to pay for credit card purchases.
So if she doesnt work already, getting a part-time job could help.
Once she has income, she should look for credit cards that are specifically marketed as starter cards.
You wont be able to control the limits, of course.
Your daughter is an adult, and these will be her accounts, after all.
What you might do, though, is educate her about credit.
You want this number to be 30% or lower, though 0% is ideal.
you might check in with your daughter about how shes managing her money and her credit.
You may even be able to give her a boost to establish a credit history.
But ultimately, proving creditworthiness will be in her hands.
Robin Hartill is a senior editor at The Penny Hoarder and the voice behind Dear Penny.
Send your tricky money questions to[email protected].
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
