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Can you name ONE of the ways that consumers, under age 25, establish credit?

Ngpf.org 06/12/25

Q:

Types of Credit

QUESTION OF THE DAY

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Types of Credit

1. Get a secured card

2. Get a credit-builder product or a secured loan

3. Use a co-signer

4. Become an authorized user

5. Get credit for the bills you pay

6. Practice good credit habits

A:

QUESTION OF THE DAY

Source: NerdWallet

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FOLLOW-UP QUESTIONS

  1. Why do you think that credit cards tend to be the entry point for establishing credit for so many consumers?
  2. Do you think it's a good idea to try and establish credit when you are young? Why or why not?
  3. How do you think that you will establish credit?

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