How Does The Credit Card Bill Affect Young People?

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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

I think this bill can only help young people. I am 20 and I live on my own and support my boyfriend while he goes to school. I also don't have a credit card. I think that it's wise to live within the means of your income. If you can prove to yourself that you can handle that first, then chances are you might be mature enough to handle a credit card without screwing yourself into bankruptcy by age 27.

Nikesha Sartor of AZ 9:23PM June 17, 2009