Small Business Banking
Private Client Group
Personal Financial Services
For the quickest answer, search previously asked questions below. Chances are, others have asked a similar question and there's already an answer waiting for you. If you can't find a match, ask a new question and our team members will answer.
i want to get a new car when i turn 18, so i want to start building credit now. I need some advice to go about doing that
September 14, 2017 10:15:42 AM
1 person recommended this |
In reply to allyssa, dalton
Hi Allyssa! Thanks for visiting us at TD Helps with your question.
We think it's great that you're already looking for ways to build a solid credit history! Building and maintaining good credit is so important.
While you're unable to open a credit card or take out a loan on your own until you're 18, there are things you can do to start practicing financial responsibility now that could help prepare you for a loan or credit card at 18.
If you haven't done so already, we recommend opening a checking account. As you're under 18, this could require a parent's permission. A bank account and debit card are a great way to learn a lot about spending and savings. If you haven't done so already, we encourage you to take a look at the checking accounts we're currently offering by clicking here: https://go.td.com/2eQORxu.
We then encourage you to do some research on credit scores and how they're determined. Learn as much as you can about how building credit works, the ways to improve your score, and how to maintain it. All of this info will benefit you later when you apply for a credit card, purchase your car, or even purchase your first home.
TD Bank has some great pages about Credit Scores. We first recommend checking out our page about building credit here: https://go.td.com/1nUzsyy. We also have a Budgeting 101 page that is aimed at helping high school and college students learn to budget their money and be financially responsible. You can find that by clicking here: https://go.td.com/2x3iBS6. Finally we have our Financial Education page at https://go.td.com/2nTWPKY which has links to dozens of pages all about everything financial – from money management to savings to your credit. We hope you'll check all these links out and take advantage of the info and resources we've gathered to help our Customers and non-Customers alike.
If you have any additional questions, please don't hesitate to reach out to us here or give us a call 24/7 at 888-751-9000. You're also always invited to stop in to see us at any of our Stores. To find one near you, please click here: https://go.td.com/1nq31dc.
We're always here to help, Allyssa. We wish you the best of luck in the new school year and hope you're able to get that car at 18! Take care.
Candice A, Mount Laurel
September 14, 2017 10:16:22 AM