18 - Kids and Credit Cards

Building off of last week’s episode, Ken discusses how his son had virtually no credit history and was considered off the grid to creditors when he turned 18. This posed a challenge for Ken; how can you apply for a credit card if you don’t have credit? Ken found the solution: secured credit cards. Ken discusses the difference between secured and un-secured debt. Ken then walks you through how this secured credit card works and the best attributes that a secured credit card should have.