My 10-year-old sister doesn't get mail that often. So imagine our surprise when she was pre-approved for a credit card! I tried to convince my parents to let her get it and start building up her credit, but I don't think they bought into the idea. I suppose the "preapproval" may have disappeared when she put a monthly household income of 5 euros.
Seriously though, from whence is my sister's name appearing on the list of financial institutions? It blows my mind. Maybe we can get 10-year-olds to default on their payments and ruin their credit score before they get into middle school...
Check out some credit/debt trivia here from 2004. Personally, I've never understood how people can become slaves to their own debt, particularly when the reasons behind the debt are TVs, new cars, and just living outside one's means. Start setting aside money now for the future! Better to have interest working for you than against you.
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1 comment:
interest is ruining my life!!! im just now at the age of 27 starting to get my credit card debt under control and learning the freedom of saving up and living within my means. its about darn time!
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