GreenEggs
Recycles dryer sheets
- Joined
- Jul 6, 2019
- Messages
- 262
My daughter's in college full-time. She purchased a car a couple of years ago using money that her grandfather had gifted. I encouraged her to finance the car to help build her credit and cosigned for her. I think she set up the payments to auto-pay, so never had to worry about forgetting the due date. Anyway, I recently told her to check her credit score, which is available on her online banking account, just by clicking a tab. We were amazed to see that it was 778. Wonder where it will be after she actually has a job?!
I guess in total she has the car loan, a credit card, and rent. But, still no job or income.
I'm not sure that I'm impressed with FICO's methodology. They don't factor in age, employment history, length of credit history, etc.?
Heck, I wonder how high I could get my dog's FICO score if I put a few bills in his name? LOL!
I guess in total she has the car loan, a credit card, and rent. But, still no job or income.
I'm not sure that I'm impressed with FICO's methodology. They don't factor in age, employment history, length of credit history, etc.?
Heck, I wonder how high I could get my dog's FICO score if I put a few bills in his name? LOL!