http://www.lifestylermag.com/features/to-charge-or-not-to-charge-should-credit-card-spending-be-restricted-for-young-adults New York City on a Budget Wed, 10 Mar 2010 17:47:04 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.lifestylermag.com/features/to-charge-or-not-to-charge-should-credit-card-spending-be-restricted-for-young-adults/comment-page-1#comment-2515 Lauren Fairbanks Wed, 17 Feb 2010 15:15:54 +0000 http://www.lifestylermag.com/?p=7812#comment-2515 <p>@finance advice - I agree that kids need to be taught good finance routines, but you have to agree that having all the "tiny lettering" at the bottom with the detailed info is pretty sheisty.  Consumer education is definitely part of the equation, but credit companies need to be stopped when it comes to their shady practices.</p> @finance advice – I agree that kids need to be taught good finance routines, but you have to agree that having all the “tiny lettering” at the bottom with the detailed info is pretty sheisty.  Consumer education is definitely part of the equation, but credit companies need to be stopped when it comes to their shady practices.

]]> http://www.lifestylermag.com/features/to-charge-or-not-to-charge-should-credit-card-spending-be-restricted-for-young-adults/comment-page-1#comment-2511 finance advice Wed, 17 Feb 2010 08:51:23 +0000 http://www.lifestylermag.com/?p=7812#comment-2511 Credit card advertisements can be alluring to people, especially young people as it plays out to say that you can spend money and have ‘0%’ interest in huge letter to say that they won’t charge you, everybody forgets the tiny writing at the bottom that is more important information that people need to know. Adults from the age of 18 need to be taught good finance routines and that you should not regularly rely on credit cards. Credit card advertisements can be alluring to people, especially young people as it plays out to say that you can spend money and have ‘0%’ interest in huge letter to say that they won’t charge you, everybody forgets the tiny writing at the bottom that is more important information that people need to know. Adults from the age of 18 need to be taught good finance routines and that you should not regularly rely on credit cards.

]]> http://www.lifestylermag.com/features/to-charge-or-not-to-charge-should-credit-card-spending-be-restricted-for-young-adults/comment-page-1#comment-2154 Lauren Fairbanks Thu, 19 Nov 2009 19:40:36 +0000 http://www.lifestylermag.com/?p=7812#comment-2154 <p>@Paul - What do you think the scoring system should be based on?</p> @Paul – What do you think the scoring system should be based on?

]]> http://www.lifestylermag.com/features/to-charge-or-not-to-charge-should-credit-card-spending-be-restricted-for-young-adults/comment-page-1#comment-2153 Paul Thu, 19 Nov 2009 19:37:41 +0000 http://www.lifestylermag.com/?p=7812#comment-2153 Simple solution, develop a better scoring system. Simple solution, develop a better scoring system.

]]> http://www.lifestylermag.com/features/to-charge-or-not-to-charge-should-credit-card-spending-be-restricted-for-young-adults/comment-page-1#comment-2052 Tweets that mention To Charge or Not to Charge: Should Credit Card Spending be Restricted for Young Adults? | LifeStyler -- Topsy.com Fri, 09 Oct 2009 17:41:29 +0000 http://www.lifestylermag.com/?p=7812#comment-2052 [...] This post was mentioned on Twitter by Lauren Fairbanks. Lauren Fairbanks said: Do you guys think the gov should impose restrictions on young credit card holders? http://ow.ly/tndZ [...] [...] This post was mentioned on Twitter by Lauren Fairbanks. Lauren Fairbanks said: Do you guys think the gov should impose restrictions on young credit card holders? http://ow.ly/tndZ [...]

]]> http://www.lifestylermag.com/features/to-charge-or-not-to-charge-should-credit-card-spending-be-restricted-for-young-adults/comment-page-1#comment-2049 Lauren Fairbanks Thu, 08 Oct 2009 19:22:58 +0000 http://www.lifestylermag.com/?p=7812#comment-2049 <p>Ditto.  I screwed myself in college and directly afterwards, and then spent the next four or so years paying it all back.</p> Ditto.  I screwed myself in college and directly afterwards, and then spent the next four or so years paying it all back.

]]> http://www.lifestylermag.com/features/to-charge-or-not-to-charge-should-credit-card-spending-be-restricted-for-young-adults/comment-page-1#comment-2048 Mikey Rox Thu, 08 Oct 2009 16:35:58 +0000 http://www.lifestylermag.com/?p=7812#comment-2048 This story sounds like me! Same thing happened. Except I was in college without a job. Terrible. The government should definitely put restrictions on CCs. At 18, all I saw was free money - and none of the consequences. Lesson learned, for sure, but not without damaging my credit rating before I really even had one. This story sounds like me! Same thing happened. Except I was in college without a job. Terrible. The government should definitely put restrictions on CCs. At 18, all I saw was free money – and none of the consequences. Lesson learned, for sure, but not without damaging my credit rating before I really even had one.

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