Best way for college students to build credit

How can you begin to build credit as a college student? Robert 'Bob' Powell answers this question as part of Decoding Retirement's special segment, Ask Bob. Girls With Impact founder and CEO Jennifer Openshaw joined Robert 'Bob' Powell on Decoding Retirement to discuss the student debt crisis, the college admissions process, women in business, career advice for the next generation, and much more. Question: What is a good way for my child to build credit as a college student? Answer: A few things to consider: open a student credit card, open a secured credit card, become an authorized user. If you become an authorized user, make sure the credit issuer reports authorized users to credit bureaus. If you do become an authorized user, make sure that the credit issuer reports authorized users to the credit bureaus and sign up for Credit Karma or an agency like that. If you've got questions about money or retirement, email us at [email protected]. Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Zach Faulds and Alexander Frangeskides. Find more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement. Thoughts? Questions? Fan mail? Email us at [email protected]. Editor's note: This post was written by Zach Faulds.

How can you begin to build credit as a college student? Robert 'Bob' Powell answers this question as part of special segment, Girls With Impact founder and CEO joined Robert 'Bob' Powell on , the college admissions process, women in business, career advice for the next generation, and much more. What is a good way for my child to build credit as a college student? A few things to consider: open a student credit card, open a secured credit card, become an authorized user. If you become an authorized user, make sure the credit issuer reports authorized users to credit bureaus.

If you do become an authorized user, make sure that the credit issuer reports authorized users to the credit bureaus and sign up for Credit Karma or an agency like that. If you've got questions about money or retirement, email us at . Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it.

Planning your future means reacting to events today. gives you the tools to navigate the years ahead, and take action now! Yahoo Finance's is hosted by Robert Powell, and produced by Zach Faulds and Alexander Frangeskides. Find more episodes of Decoding Retirement at .

Thoughts? Questions? Fan mail? Email us at . Video Transcript My child wants to build credit as a college student. What's the best way? Well, a few things to consider open a student, credit card, open a secured credit card become an authorized user.

Now, mind you, if you do become an authorized user, make sure that the credit issuer reports, authorized users to the credit bureaus and sign up for credit commerce or some agency like that. Well, I would also be mindful of, uh, you know, people perhaps a boyfriend or a girlfriend, a accessing a credit card and doing some damage on it. I mean, things happen, alerts now the banking companies have gotten much better.

So alerts are real time. You want to be mindful of that. Uh, and also just the importance of building credit in your own name as you get a little bit older and maybe you're coming together with your partner.

It's really important to have good credit in your, in your own name..