This ‘stepping stone’ strategy helps parents boost their kids’ credit score. Here’s how it works

Key Points

Parents can add a child as an authorized user to their credit card account to help build a kid’s credit history and credit score.
The strategy is generally best for kids in their later teenage years, maybe around 16 years old, or those in their early 20s, experts said.
Parents may want to set certain parameters like spending restrictions and an end date, experts said.

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