Comments on: 18 Year Olds Now Require Co-Signer To Obtain Credit Cards. Still Maintain Right To Catch Bullets With Their Face!

By: Brittny from hawaii

Brittny from hawaii — Thu, 08 Sep 2011 07:47:20 +0000

That’s messed up that I’ll now need a coworker to get a credit card at 18 I have parents that absolutely will not do anything for me not even fill out there tax info so I can get financial aid for college or sign any of my scholarship forms now I need their signature how the hell am I supposed to build credit to get a car now?? I’m old enough to pay the electric bill and home schooling bills under my name but not an fm credit card I’m really hatinglife more and more

By: darlene

darlene — Thu, 03 Mar 2011 06:26:47 +0000

Then you might want look into getting a secured credit card.

By: Roy

Roy — Thu, 03 Mar 2011 04:10:58 +0000

i need to build credit

By: darlene

darlene — Wed, 02 Mar 2011 16:24:56 +0000

If you have sufficient income, why would you want a credit card?

By: Roy

Roy — Wed, 02 Mar 2011 08:09:33 +0000

Wow i found this webpage cause i am a 18 yo that was needin a credit card and couldnt get one this really angers me because i have sufficient income and both parents passed away and im not close enough with anyone in my family to get a co-signer……….redicilous

By: Screw Robin Hood: New Study Claims Credit Card Rewards Take from the Poor to Give to the Rich

Tue, 21 Sep 2010 04:22:04 +0000

[...] in the credit card industry. That’s generally a good thing, even if I disagreed with some of the extra clauses thrown into the [...]

By: » New Credit Card Rules Edition of the Carnival of Debt Reduction

» New Credit Card Rules Edition of the Carnival of Debt Reduction — Fri, 02 Jul 2010 22:24:58 +0000

[...] Man Vs. Debt submitted a post called 18 Year Olds Now Require Co-Signer To Obtain Credit Cards. Still Maintain Right To Catch Bullets Wit…. [...]

By: Anne

Anne — Tue, 08 Jun 2010 22:12:37 +0000

People just need to take responsibility for themselves. I used to work in bank marketing, and I combed through this “Act.” College students can simply get multiple credit cards with lower credit limits and still rack up thousands of dollars of debt. And if a student working part time is good at paying back $10/month minimum payment, banks will easily raise that credit limit from $200 to $2000 in a few months. Your only “protection” from creditors is the person in the mirror.
Thank you, all Soldiers, for taking bullets for me. No need to take bullets from the banks also!

By: Payvand

Payvand — Tue, 09 Mar 2010 23:35:14 +0000

Kita,
i would have to partially disagree with you. I believe you are correct when you say “most 18 year olds are not ready for a credit card.” But what about the ones who are. I am 19 years old and building my credit is quite helpfull at this stage. once i graduate from college i will have a great credit history and be able to move out with ease. im not in any debt but i have a $1,500 credit limit and im doing fine. so should tylenol be banned because people misuse it?
Now because this legislation it is very difficult for me to get for example an auto loan.
That is my view point on this matter.

By: darlene

darlene — Tue, 23 Feb 2010 06:34:01 +0000

First off, I am 20, both parents dead by age 19. Its the older generation’s job to teach the younger one’s about money and wise financial decisions. Just because you are 18 doesn’t mean you are completely ready to handle a credit card with out have some sort of training on the “do’s” and “don’ts” on how to use it, the majority of the 18 to 21 age group need to be taught proper financial decision making skills before actually being given the freedom to choose to have it on their own. I speak from experiance most people do get into over $5,000 in debt due to not being informed about how to use it. It does more harm than good. Are you not aware that insurance rates go high once again, when you turn 70. Saying you arent an adult at age 24 is like saying you arent an adult at age 71, people that age are on social security, its expensive for them too, its a high risk age for accidents. You can get insurance in your own name and you just have to do insurance shopping in order to get the best rates. You can get a hotel room at age 18, I’ve done it before, its not that difficult.