tag:blogger.com,1999:blog-26662000.post7853198639360297229..comments2023-11-02T08:38:49.854-07:00Comments on A Tale of Three Beans: Old enough to die for your country but not get a credit card?MommaBeanhttp://www.blogger.com/profile/04452302193049028569noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-26662000.post-30631266299381562142009-06-24T08:51:16.314-07:002009-06-24T08:51:16.314-07:00Great post on a very important issue. However I h...Great post on a very important issue. However I have to disagree with your stance I think the new laws might be just what we need. You were very responsible and wise about about your credit card but many young people aren't. <br /><br />I was given a credit card at 16 but it was under my parents account and the rule was it's for gas and emergency and that's pretty much how I used it with the occasional splurge. When I realized in college that I could go ahead and open up my own credit card that my parents didn't have to see the bill or even know about it that's when I really started getting in trouble. I was also working a work study job and I kept convincing myself this or that was ok because I'm getting a paycheck but it turned into a vicious cycle of indulgence. I accumulated a debt that I couldn't handle and it was pretty stressful. I had to fess up to my parents to bail me out and they were not happy. The fact was I really did not even need that credit card in the first place. I know a lot of people that have similar stories. <br /><br />In your case would it have been a problem with you to have a parent cosign for the card? Also you were working and you did have grants and loans so that may have counted as an income. Had this law been around when I was in college I think it would have saved me and others from being in a lot of trouble. Even if they did give me a credit card based on just income Im sure it wouldn't have been near the balance as the one they did give me.<br /><br />It's true people of all ages can be irresponsible with credit, but I believe there is a correlation with irresponsibility and age. I'm way more responsible now with my credit card at 25 than I was at 19.asoomhttps://www.blogger.com/profile/12570940229805213756noreply@blogger.comtag:blogger.com,1999:blog-26662000.post-35998248321037868342009-06-17T08:20:00.665-07:002009-06-17T08:20:00.665-07:00Ali, indeed many people of ALL AGES use credit irr...Ali, indeed many people of ALL AGES use credit irresponsibly (as has become abundantly obvious). Tehre is no age limit for being misformed or foolish. But, making it harder for students to obtain credit is not likely to impact that problem. It just spreads the debt onto more parties. The CC companies love this because now they can come after mom or dad (after having raised the limits witout telling them) instead of being frced to have responsible lending practices for younger customers... We have been very good at letting them shift the risk of doing business unless it's a meaningless incentive to appropriate behavior :(.<br /><br />And, certainly I think if more politicians were stationed in the war zone for the duration of the war, it would end mighty quickly!MommaBeanhttps://www.blogger.com/profile/04452302193049028569noreply@blogger.comtag:blogger.com,1999:blog-26662000.post-40600668373588182572009-06-17T02:14:14.936-07:002009-06-17T02:14:14.936-07:00Not everyone uses their credit cards wisely. CC ar...Not everyone uses their credit cards wisely. CC are a trap that easily can leave you in debit for many years to come in the US. It is so easy to get one and if you pay your bills on time, the companies just maximize your credit limit which is crazy. We need to teach kids even at 21 that they just can't spend more than they earn. I have known people who are seriously in debit. That is the price of Capatilisim. Kids at 18 can make the choice to die for ones country or not but we should have the power to send the politician and their kids to war!Ali Dahmashhttps://www.blogger.com/profile/01006710705707013000noreply@blogger.comtag:blogger.com,1999:blog-26662000.post-19388442221360554972009-06-15T18:43:24.242-07:002009-06-15T18:43:24.242-07:00I need more credit. it's very good informatio...I need more credit. it's very good information. thanks<br /><br /><br /><br /><a href="http://www.pre-paidcreditcards.co.cc" rel="nofollow">pre paid credit cards</a><br /><a href="http://www.prepaidvisacreditcards.co.cc" rel="nofollow">prepaid visa credit cards</a>pay capital one credit card billhttp://www.paycapitalonecreditcardbill.co.ccnoreply@blogger.comtag:blogger.com,1999:blog-26662000.post-47901740575715564932009-06-15T13:36:16.253-07:002009-06-15T13:36:16.253-07:00Kinzi, I'm okay with that. Well, okay except ...Kinzi, I'm okay with that. Well, okay except the driving part. But if it's only boy brains, then it wouldn't apply to girls right? Somehow I think that wouldn't work... Seriously, though, I think the US just needs to make a decision one way or the other and make all rights available when you are an adult.MommaBeanhttps://www.blogger.com/profile/04452302193049028569noreply@blogger.comtag:blogger.com,1999:blog-26662000.post-45559689700544423772009-06-15T11:07:57.538-07:002009-06-15T11:07:57.538-07:00Good post. I had a credit card at 18, and used it ...Good post. I had a credit card at 18, and used it carefully.<br /><br />Especially in light of recent discoveries that boy's brains aren't fully wired until after 21, I think that selective service, drinking and DRIVING should be delayed until then. Not practical,but it is a though it had been mulling over.kinzihttps://www.blogger.com/profile/16738187685474293259noreply@blogger.com