Consumer Watch: How To Help Your Teen Build Credit

Some parents opt to work on their kid's credit score way before adulthood. The length of credit history is a key part of what makes up your credit score, so it can open some doors, but it's not without risk. Credit scores can help get you a lot of things, including a better mortgage rate, low interest rates on a car loan, and credit cards.

“I still have my first credit card from early in college, and I will never close it for that reason because I don't want to shorten my credit history,” says Andrew Schrage with Money Crashers, a personal finance site. Schrage says it is a great idea to help your kids build their credit score, but you must focus on financial responsibility too.

If you are giving a kid a credit card or debit card, make sure they are using it properly. Another possible problem is the increased risk of identity theft. Talk to kids about ways to protect themselves, like only spending what they can pay off every month, and regularly checking their accounts to catch identity thieves early. “Parents play an important role in teaching their kids financial responsibility, and keep a close eye on how they use their first credit card or other financial product,” says Schrage. Open a bank account-- they can practice using plastic and saving money.

Add your child as authorized user on your card, provided you use it responsibly. Help them apply for a secure credit card. These are usually low balance cards and have a cash backing. Children under 18 years old cannot enter into a contract, so a parent or guardian would need to in any new account. This means if your kid messes up, it can affect your credit too.

The public credit registry would collect data from a number of sources including banks, non-banking finance companies and other sources like public utilities. All put together, the PCR would provide better and cleaner database, said this person. Once the database is in place, the credit bureaus, like other stakeholders, can access it and use it for purposes like credit scoring.

“The credit history, score cards and other services are focused on consumer and microfinance lending and will continue to be a key source in that space,” said Anshul Swami, Head - Retail Inclusion & Rural Products, RBL Bank. “Incremental information on utilities, telecom and insurance through a central registry will help improve lending especially to individuals with no past credit history,” he added.

While Swami does not see the use of bureaus reducing, he sees the PCR as a useful addition. The PCR can enhance the availability of information, link it to a unique identifier and help improve efficiency of the credit markets, he said. An email sent to the RBI seeking further clarity on the its plans for the PCR remained unanswered. Y.M. Deosthalee, the chairman of the committee which recommended the PCR, declined to comment further.

Choosing a store to purchase Natural Uncut Diamond Engagement Rings from can be a stressful process. Not only is an engagement ring a major financial investment, but it’s a serious emotional investment, too! Understandably, you want to find the best, highest quality diamond ring for your partner. You want something memorable, and something that stands out on their finger for the whole world to see.

This blog will teach you how to choose an engagement ring and a jeweler you can trust, with safety and savvy. Before you can start exploring styles and options for natural uncut diamond engagement rings, you will need to locate a jeweler. Beyond that, you’ll need to select a jeweler that runs an honest and trustworthy business. The first step in this process is identifying what stores are available online.

Generally, this can be easily accomplished by a quick search engine search; however, to get what you really want, you need to slim down the results by a process of elimination. Checking search engine reviews is always a good starting point in the process of vetting stores for trustworthiness and quality.

See what previous customers have to say, and pay close attention to highly detailed reviews from people who may have located the store the same way you did. Such reviews are likely to give you a good picture of what your experience could be like. Stores with overwhelmingly negative reviews can be ruled out right away. Once you’ve slimmed down the options to well-reviewed online jewelers, the next step is to briefly browse their site, keeping in mind what your ideal ring design is.

Searching for natural uncut diamond engagement rings means that you can rule out jewelers that only offer traditional cuts, and continue from there. Do you want rings with less traditional appearance, Avoid jewelers whose offerings are primarily traditional style. Do you want a ring with an uncut diamond, but an otherwise traditional band design, Try to find a store with a broad offering of rings. Browsing the jeweler’s homepage will likely give you an idea and help you slim down the options even further. The final step is in vetting their payment and delivery process.

At this point in the vetting process, you’ve likely slimmed the options down to a few, highly-reviewed sites that are doing a lot of business already. Even still, though, it’s always good to make sure you are double checking the safety of the site with such an important purchase. Look to see what financial institutions the jeweler is partnered with. If you don’t see any names that you recognize, it’s probably worth going to another site, especially if the site doesn’t accept major credit cards or insured payment processors like PayPal.

If you’ve taken all of these steps, you probably have a nice, compact list of jewelers from which to choose from. To make a final decision out of these remaining candidates, simply choose the one whose designs most catch your eye. After all, if it catches your eye, it will probably catch your partner’s, too! Want natural designs from a trustworthy jeweler, For more information about Diamond Twig Engagement Ring and Custom Handmade Engagement Rings Please visit : Olivia Ewing Jewelry.



In this day and age when the workplace is miles away from your home and a comfortable trip is a necessity, getting your own car becomes a utility purchase rather than luxury. An auto loan is a tool that helps you ease your financial burden during a vehicle purchase. In order to get financing, you need to show a credible source of income. Do not worry if you are working more than one part-time jobs.