<p>Our S did NOT have any loans but had a co-credit card with me that we paid off together regularly (never had any outstanding balance). As soon as he got his 1st full-time job, he had a sky-high credit rating and NO debt.</p>
<p>Personally, I see no advantage to taking on any debt that isn’t essential. It was never necessary for me, our kids or H so far in our lives and we all have excellent credit. I have also a different joint CC with D that has helped boost her credit rating, I believe.</p>