Your Teen’s Credit Card Could Hurt Your Wallet
Written by the Editor on September 25th, 2007 in Credit, Family.
The teen credit card is a lot more convenient to carry around than cash or checks. A teen credit card user may become accustomed to pulling out their card without a second thought. After all, if the card is already out of money, then the purchase will simply be declined. The problem here is that when they are older and have real credit cards, the card limit may be way above what they can actually afford. They usually realize this when the bill comes in. This is when you, the parents, will probably be receiving a phone call or E-Mail from your “loving” children asking about your financial situation. Hello Bankruptcy!!
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