Her cousin, who has several fancy cars and must be rich

Her grandfather, who lives on a tight budget

Her sister, who shows her she has a credit score of 735

Her neighbor, who says sharing the loan will allow him to remodel his garage at the same time

Interest rates are the same regardless of credit score

Interest rates are lower for someone with excellent credit

Interest rates are higher for someone with excellent credit

Interest is not charged for someone with excellent credit

Always say 'credit' when asked 'credit or debit?' at a store

Ask his parents to cosign a credit card or add him as an authorized user on their credit card

Any time he borrows money from a friend or family member, be sure to pay it back promptly

Take out some private student loans, even though he doesn't need them because he has grants and scholarships

As soon as you apply for a credit card or loan

Six months after you first actively use your credit

Once you pay all of your credit balances in full

Once you turn 18

You don’t get penalized for late payments

You get a discount on future loans after this one is paid off

You have a better chance of getting approved and getting a lower interest rate if the cosigner has good credit

You automatically get the same credit score as the cosigner once the loan is paid off

Accessing credit only becomes more expensive as you get older

Negative marks on your credit report go away faster for younger borrowers

Credit scores are free for anyone under the age of 25

You will likely need a credit history to rent your first apartment, finance your first car, or open an unsecured credit card

Your credit score

The amount of money you deposit into an account as collateral

The total amount of money across all your bank accounts

How long you’ve had an account with the bank