by Artsteach on January 9th, 2010

Artsteach

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Why are banks giving 18 yr old college student, with no job, credit cards?

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Answers. 11 helpful answers below.

  • by RosieGHM Jetpacker on January 10th, 2010

    RosieGHM Jetpacker

    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! :)

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  • by people123456789 on January 9th, 2010

    people123456789

    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.

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  • by HaoieZ on January 9th, 2010

    HaoieZ

    Encourage reckless spending.

    Yippie, capitalism.

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  • by Im Alec has abandoned this account on January 9th, 2010

    Im Alec has abandoned this account

    In order to exploit them for the rest of their working lives.

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  • by CT on January 9th, 2010

    CT

    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!

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  • by Firebrand on January 9th, 2010

    Firebrand

    Because once they are in debt they think they have them for life when they finally start to earn money.

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  • by Twisted Taco on February 11th, 2010

    Twisted Taco

    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

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  • by Lovehearts on January 10th, 2010

    Lovehearts

    They are?

    I need to get me some credit card action.

  • by Moongrim on January 10th, 2010

    Moongrim

    So that banks can continue with their predatory lending practices. All the while blaming Democrats for the problems that they themselves create.

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  • by More2Be on January 9th, 2010

    More2Be

    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.

  • by Old School on January 10th, 2010

    Old School

    Because it ends up being immensely profitable....:-P....

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