Quote:
Originally posted by blu_theatrics
Speaking from the trouble that I have found myself in with my credit cards, I think this should really be looked into legislatively.
I know that you must be eighteen to get a credit card and what not, but realisticly, when I got my first four credit cards, I was FRESH out of high school and was broke. I didn't have my mother right next to me to give me this and that and I was BROKE.
I was irresponsible, and I don't want to make any excuses for myself, but I think that it should not have been that easy for me to get four credit cards just like that.
And they know exactly what they are doing. They don't charge us any annual fees or processing fees and they set up these little pretty booths with t-shirts and cups and stuff. All you have to do is fill out a little form and prove your a college student and it's on. Then you get cards in the mail you didn't even ask for, and all kinds of stuff.
My credit is really not anywere near good right know, and I have cancelled my cards, which really makes themm not like you then, but I really wished that there could have been some kind of warning and it wasn't that easy.
But Like I said I was 18 and I though I was grown...lol. So I guess I deserved it.
But for a credit card company to set out and give credit cards to people when the blatantly state they have no job is really just to show how far they will go.
They let college students do that, because they know we have a long way to go in life and eventually they will get their money because we will want to buy houses and cars and what not. I jusdt think it is kind of wrong though that the schools allow this to happen
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I am NOT attacking you personally...but I despise the notion that something "legislative" has to be done to correct our own lack of self control!
This is a capitalist society...and while I don't agree with how credit card companies are going about it....they're trying to make $$ so more power to them! Its the PARENTS responsibility to educate their children about credit....and it is also the Young adult's responsibility to be educated in the area of credit. If you're old enough to drive and go to war for our country when you go off to college....you are old enough to deal with the consequences of being irresponsible with credit.....no one said life was fair...
...........Again I'm not talking to you personally
My Sorors would hold financial workshops, credit card education seminars at the beginning of each year....I'd say its a good way to learn responsibility..even if it does take years and years to pay off the debt...