http://blogs.law.harvard.edu/ethicalesq/2004/02/24/bench-and-bar-warn-youth-about-credit-debt/ breathless punditry and one-breath poetry with David Giacalone Fri, 11 Sep 2009 18:58:52 -0400 http://wordpress.org/?v=2.8.5.2 hourly 1 http://blogs.law.harvard.edu/ethicalesq/2004/02/24/bench-and-bar-warn-youth-about-credit-debt/comment-page-1/#comment-22288 Steve B Thu, 26 Apr 2007 23:05:55 +0000 http://blogs.law.harvard.edu/formerlyknownas/2004/02/24/bench-and-bar-warn-youth-abou#comment-22288 Many credit card companies prey on young people. When you enroll in college you can check off whether the school can sell your information. The card companies get access to these lists of young 18 year old students. Who are uneducated in undisciplined in proper credit management. Often these card issuers will give the student a rather high introductory credit limit. The reason they do this is because they know many kids still have the financial backing of their parents that will come and save their child when they get stuck in debt. This is a very lucrative practice for the card companies because these students charge up a storm not knowing how to handle they situation they are getting themselves involved in. A warning to any new college students reading this be very wary of taking these offers that you might be getting bombarded with. Many credit card companies prey on young people. When you enroll in college you can check off whether the school can sell your information. The card companies get access to these lists of young 18 year old students. Who are uneducated in undisciplined in proper credit management. Often these card issuers will give the student a rather high introductory credit limit. The reason they do this is because they know many kids still have the financial backing of their parents that will come and save their child when they get stuck in debt. This is a very lucrative practice for the card companies because these students charge up a storm not knowing how to handle they situation they are getting themselves involved in. A warning to any new college students reading this be very wary of taking these offers that you might be getting bombarded with.

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