Risky Business

How Does The Credit Card Bill Affect Young People?

By Matthew Bandyk

June 2, 2009 RSS Feed Print

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Over at Capital Commerce, I muse about the credit card bill Obama just signed into law.

Tags:: small business

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i run a small business in my spare time. with this law i can't get a credit card in my business name. i cant get a loan or any financing. its kind of a joke. thank you obama.
350,000 in sales, 60k in profit, and my discover personal gives me 1500$ limit, and if i call and ask for a business card, they say well you should be fine, oh wait our system just denies anyone under 21...
But ya thanks, i guess i get a tax break this season too, since i am clearly not responsible enough to handle money. oh wait, no i don't. well i make all my money off imports anyway, good luck america, clearly competition and business are less important to protecting everyone from evil corporations

j of VA 3:16PM October 15, 2009

i run a small business in my spare time. with this law i can't get a credit card in my business name. i cant get a loan or any financing. its kind of a joke. thank you obama.
350,000 in sales, 60k in profit, and my discover personal gives me 1500$ limit, and if i call and ask for a business card, they say well you should be fine, oh wait our system just denies anyone under 21...
But ya thanks, i guess i get a tax break this season too, since i am clearly not responsible enough to handle money. oh wait, no i don't. well i make all my money off imports anyway, good luck america, clearly competition and business are less important to protecting everyone from evil corporations

j of VA 3:16PM October 15, 2009

My unemployeed 18 year old son attended a college in Pittsburgh, Pa. He received money from the FASFA, but needed additional funds to attend the college. My application was denied, but his was accepted. I am employeed. He was at the college three months, but left because of dissatifaction with the school. I hope all people be careful with credit to attend college. I earned a degree after 9 years and get paid $20,000 less than I should. College is great for expanding the mind and being more accepting of differences, but even with a degree a person will come out of school entry level. Being in dept is not the answer. When a person is in dept, they become a slave to someone else. That is not for me.

Gwendolyn D. Patterson of PA 7:55AM August 16, 2009