How to Tell if Your Parents are DESTROYING Your Credit Score

How to Tell if Your Parents are DESTROYING Your Credit Score

Now this one really cracks me up if you Want to build for your kids's future Take out a credit card in their name but Not to build credit to destroy it I have 18 different credit cards maxed out in My son's name and his credit score is a Dumpster fire so maybe he's using that Money to invest for his kids future I'm Sure they're all 0% APR deals on those Cards and the money's earning like 8% in The S&P 500 I started with nothing Imagine what my son can do if he starts With less than nothing now okay he's Obviously trolling with this one but Parents with bad credit setting up Credit card or loan accounts in their Children's names that phenomenon is way More common than you may think now it's Totally illegal and it is actually Identity theft and if you are a kid Worrying about your own parents maybe Your dad just got a new Lamborghini that You have no idea how he financed well if You're 13 or older you can check your Credit report at Annualcreditreport.com you'll be able to See if there's any new credit activity And if there is then you'll be able to Sue your parents

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