- NEW!
Help answer this question below.
This isn't new...has been going on for years and years. Why? To get the person hooked on "buy now, pay later" at a young age so when he/she has a job charging on credit will already be a way of life! Happy Sunday! :)
The U.S economy is at it's downfall.
What better idea then to get the next generation in debt?
We need people to spend money. It has to circulate. Saving up isn't helping at all.
Encourage reckless spending.
Yippie, capitalism.
In order to exploit them for the rest of their working lives.
They waant to get them into debt and therefore they have to *stick* with that particular bank..they also know that this age group is an easy target!
Because once they are in debt they think they have them for life when they finally start to earn money.
Those college students will graduate and get a job and, one good day, will try to buy a house. At that point, wham! They squash 'em like a bug with the late payments, interest, etc. etc. that banks can so generously bestow upon the suckers and the poor
They are?
I need to get me some credit card action.
So that banks can continue with their predatory lending practices. All the while blaming Democrats for the problems that they themselves create.
Many students do not work because they do not have to. Their parents provide everything (must be nice). Therefore even though they have no job they still have income.
As a rule, students will be poor for only a short while. Thereafter they will out-earn high school graduates by at least double.
Higher education students are supposed to be making themselves smart, so the paternalistic arguments that they are being exploited is hogwash. If they get so deep in credit card debt that they have to leave school and/or get jobs, that is their own indiscipline, regardless of what the bleeding hearts say.
Because it ends up being immensely profitable....:-P....
Who inherits credit card debts if my husband dies first?
by Answerbag Staff on July 11th, 2010
| 1 person likes this
How much debt do Americans have?
by Answerbag Staff on June 26th, 2010
| 1 person likes this
How many people are in debt in the U.S.?
by Answerbag Staff on June 17th, 2010
| 1 person likes this
If a CC company sues me & wins a judgement,can they freeze my husbands active duty military bank account?Only his pay goes into it
by sophia26 on April 13th, 2011
| 1 person likes this
Anyone work with Cambridge Life Solutions? Can you tell me if they are good or not?
by NeverAgain31 on January 22nd, 2011
| 1 person likes this
You're reading Why are banks giving 18 yr old college student, with no job, credit cards?
Comments