It’s never too early to start learning about the importance of building good credit. Not only does it introduce a sense of responsibility to children, it also helps build character and prepares them for the important financial decisions they will one day have to make on their own. Good credit can bring thousands of dollars of savings a year through lower interest rates on credit cards, car loans and home loans. It’s also important when trying to apply for a student loan or job, renting a home, or even when signing up for utilities such as water and electricity.

Good credit is built by applying lessons that are often learned early in life. Doing chores, finishing homework, saving an allowance or even attending soccer practice helps children become more responsible and gives them the discipline needed to build good credit. 

So let’s encourage children to become a bit more curious and knowledgeable about the financial situations that affect them. Together, we can help build not only great credit, but great people as well.
 

CreditReport.com^TM, part of a family of brands from Experian, helps consumers monitor and understand their personal finances, as well as offers the opportunity for consumers to engage and interact with credit tools that provide information about their overall credit history.  As the exclusive sponsor of the Secret Millionaires Club “Learn & Earn” promotion, CreditReport.com will help to ensure the promotional teaching materials and webisodes, as well as the online challenge, reach kids throughout the country.  The "Learn & Earn" promotion includes financially-focused print and digital materials that can be utilized in the classroom, at home, and in other venues and settings where students and families learn together. Experian is committed to providing people – at any age -- tailored credit information and tools for their lifestyle or need.

Visit Kids Talk Credit here.