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

Hannah Case

No 2022-07-14-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

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.

Date: 2022-07-14
New Economics Papers: this item is included in nep-ban and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2022-07-14-1

DOI: 10.17016/2380-7172.3165

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