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Young Borrowers' Usage of Cosigned Credit Cards and Long Run Outcomes

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  • Hannah Case

Abstract

In the United States, access to credit is an important channel for smoothing consumption and building wealth. However, establishing and building a credit history can take time. Parents may be able to help their children build credit early and ensure good credit behavior, such as paying on time, by being a cosigner on a credit card.

Suggested Citation

  • Hannah Case, 2022. "Young Borrowers' Usage of Cosigned Credit Cards and Long Run Outcomes," FEDS Notes 2022-07-14-1, Board of Governors of the Federal Reserve System (U.S.).
  • Handle: RePEc:fip:fedgfn:2022-07-14-1
    DOI: 10.17016/2380-7172.3165
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    File URL: https://www.federalreserve.gov//econres/notes/feds-notes/young-borrowers-usage-of-cosigned-credit-cards-and-long-run-outcomes-20220714.htm
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