car loan/credit card for 16yr old

Discussion in 'Credit Talk' started by coralreef, Jun 13, 2002.

  1. coralreef

    coralreef Well-Known Member

    My son wants to buy a car. I am looking to buy a new house this summer. I dont want another loan or inquiry right before applying for mortgage. HELP
    will any one give a loan to a minor or CC
     
  2. Desdemona

    Desdemona Well-Known Member

    Check your state law but general you have to be 18 to sign a contract. You can't even co-sign for him. You could do a private sale, is there any family member that has an older car to sell?

    As for a CC there are a lot of pre-pay CC now being offered. I saw tonight that Cap1 offers a card to high school kids with you as a guarantor, so if they don't pay you will.
     
  3. Kiyi

    Kiyi Well-Known Member

    Adopt me.
     

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