The only type of loans to people under age 18 that don’t require a co-signer are federal student loans, as these are exempt from the legal defense of infancy. Make an appointment with a loan officer at a bank where your parent or guardian primarily does her banking.
How to build credit for teens Encourage your teenager to get a job. Your teen will be more invested in managing his or her money if it’s hard-earned. Open checking and savings accounts. Consider putting one of your household bills in your teen’s name. Obtain a secured credit card.
Q: What happened to the payday lender that DIFI used to license? A: The law allowing payday loans in Arizona expired on June 30, 2010. DIFI no longer licenses payday lenders. Consumer Loans with annual interest rates over 36% (plus authorized fees) became illegal on July 1, 2010.