Financial Planning Library

Adding your Child as an Authorized User on your Credit Card

Written by Barry Investment Advisors | Jan 29, 2021 9:10:00 PM

Building credit is an important life tool. Various life events such as buying a car or applying for your own credit card as an adult requires good credit. Helping your child build their credit by allowing them to be an authorized user can set them up for future financial success. This article provides some insight into the risks and rewards of this decision.