Do you think that credit card companies should be allowed to target college students who have no income, no job, and no credit history?
by 
SarahK
ANSWERS: 7
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No - I just watched a movie called Maxed Out, it's a documentary film about the lending industry and how it's gotten completely out of hand. The movie explores lots of different ideas, one being the outlawing of what you mention, but the big credit card companies are major campaign contributers, so when a bill reaches Congress, it usually gets shot down right away to appease the lobbyists :)
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Absolutely not! If you borrow and you cannot pay back then you are going to go bankrupt, or get a very large debt where you only service the minimum payments - thus never paying back what you borrow. No credit history is not really the issue here, the issue here is no job and no income. If someone gave you a credit card under those conditions and they actually thought you could service the arrangement then they would be negligent.
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To me it seems extremely predatory. College kids think, I will get one for emergencies and then the spending can become out of control. I know I had a credit card in college and it got to be very easy to apply for new ones and I racked up lots of unneeded debt. Not a good idea for the kids but they even target high school seniors, my daughter got lots of credit card offers last year.
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No--it is preditory....Men and women much older than college students can't handle credit cards. It's absoulutely wrong to make them so accessable to young adults.
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Funny question. Why are college students still dumb enough to let credit card companies scam them? You will find that history goes through cycles. Sometimes people are blamed for being stupid enough to borrow too much, sometimes banks are blamed for being stupid enough to lend too much. You don't want to be in the wrong part of that cycle. You need to learn a shitload more about money, banks, credit etc. (So do I, actually ...) The net is a good place to start. Have fun.
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The credit card companies that offer cards to people that have no real way of paying it back are leeches, plain and simple. They offer cards to people with no income at rates that even employed college students can hardly afford and then suck until they either get an extremely well paying job, file bankruptcy, or die. The companies do this purely so that they can suck as much money out while the people are trying to pay before they dry up and then they move on to the next person. They should not be allowed to go to these colleges preying on students when there is no real benefit from doing so. It costs the colleges more in attendance from people having to go to school less in order to try and pay off these fees than it does from any money given to the college by the card companies. If the colleges would just do the math, they would ban these pirates and save themselves a lot of loss.
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I don't think it's wrong. I know many college students that are very responsible with their credit cards. The only people doing anything wrong are the card holders.
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