The Blog of melody08

I'm gonna be 18 in less than a month. 2 days before my birthday I will be flying back home to Florida. In Florida there is a car that my mom bought while I've been here. Now, my mom (who's birthday is one day before mine) is gonna be 48 soon, and this is the first time she's ever made car payments. All the other vehicles she had were paid in full, but when she got this one she didn't have the money to do that. So she's making payments, but her credit is so bad (because he report says our last house got foreclosed on when actually we sold it before that happened, but we can't change what's on the report) that the rate is at 19%. I'm not even entirely sure what that means (seeing as how I've never even driven a car, let alone tried to buy one) but apparently it's pretty high. And she has to make a $200 a month insurance payment on it as well.

I was speaking to my mother on the phone today when she was telling me all this, and I had mentioned how I could easily pay the car insurance working a minimum wage job. She doesn't NEED me to help, but I don't see why I shouldn't. I'll be driving the car once I get home anyway, might as well help pay it's bills. So after I mentioned that, she said that if I make enough money, she could even get the car put in my name and I could make the payments and build up my credit. I know credit is EXTREMELY important if you want to buy anything like a computer or a car or a house. And I also know having no credit is no good, and I do need a way to build it up. So that's my mom's idea: Having me own the car and make the payments.

My initial idea was to get a credit card and be smart with it. I mean, I'd have to use it to build up the credit, but I wouldn't be blowing money I didn't have and racking up debt.

Then my grandmothers idea was to take out some small loan from my bank ($600 or something) and pay it back. I don't really get that one, but she said that's what my uncle did at 18.

Like I said, I know credit is mondo important, and once you fuck it up it's hard to build it back up again, and I don't want my credit so be horrible. So any advice? Other ideas? Would really help a lot. :)