Articles Tagged ‘child credit card’
When Should Your Child Get a Credit Card?
Wednesday, September 7th, 2011
Credit cards are among the most beloved inventions of the twentieth century. They make purchasing items on credit a simple matter of swiping and signing. Unfortunately, many credit card users have found that they make it a little too easy. An alarming number of people, including a great many young adults, have found themselves over their heads in credit card debt.
Kids are often eager to get their first piece of plastic, but the Credit Card Act of 2009 has made it more difficult. Those under 21 must now prove that they have sufficient income to pay the bill or...
Kids and Credit Cards
Sunday, January 9th, 2011
The youth of today are growing up faster than ever before. Television and other media expose kids to things never before experienced. Now the youth are being targeted to get into the pre-paid credit card chaos by celebrities and other companies out to make a few bucks.
Kids can learn responsibility or gain bad financial habits from the use of credit cards. The steps taken to introduce credit cards to kids will go a long ways towards determining their fiscal direction. Giving kids a credit card of their own could be a way to begin the fiscal lesson, or it...