The child will not get a bad credit rating its the address you live at that will be registered at the partents home address and that might take a bad sight on the child applying for credit.
People call it BlackListed but there is no such thing according to 'Experian' the credit report comany its just everything you do using credit is stored on your file.No. Credit reports are based on the individual (you) and no one else. Anyone checking your credit file will have no idea about your parents bankruptcy.

The best way to build up a good credit report is when your 18, make sure you change your bank card to a card that has an overdraft facility and also get a credit card and use it for a small purchase and pay it off every month.not really. it depends on how the child thinking. if the child gets to be always negative thinking, maybe it will give him/ her a bad credit record. Thats why you need to be always positive in thinking, so that you wont think of any bad credit record happend.

 

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