Parents Are Gaming Their Kids’ Credit Scores - The Atlantic

Credit scores are meant to be neutral measures of someone’s financial reliability, but in practice, they’re an easy way for some better-off families to give their children an early financial advantage. A range of services promise to help parents ensure that their kids enter adulthood armed with good scores. On TikTok, “generational wealth” influencers tout the benefits of authorized usership. Fintech start-ups, such as Greenlight and GoHenry, advise parents on establishing a credit history for their children. And financial institutions such as Austin Capital Bank promise to improve children’s future credit scores with programs that allow parents to authorize the bank to take out and automatically repay loans in their child’s name.