Reply to "BeRecruited.com offers my son his first credit card"

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quote:
Originally posted by dw8man:
I think the bigger issue is do the users of BeRecruited.com know their information is being sold to or used by credit card companies?

I didn't know our info was being "sold" to these companies. They are targeting kids who typically don't have jobs and the resources to pay the debt back.

Like it or not, your credit score is not an indicator of winning financially. All it tells you is whether you are good at borrowing money and paying it back. That’s it. It puts a number to how much you like debt. The best credit score should be a zero.

Banks hand these cards out to young adults that don't have the ability to repay their debt. I suppose they expect mom and dad to take care of it. Junior doesn;t tell mom or dad about the credit card, can't make payments and then winds up with bad credit which is worse than no credit at all.

Shoudn't they wait until these kids have jobs?

12/19/111:45 PM

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