credit card fraud: Never Too Young To Learn About Credit
- 04/29/15 12:35 PM
One of the failings of our education system is that kids do not get taught about credit. Research shows that 40% of American adults do not understand the basics about credit. Worse, they believe false information about how credit works.
For example, many people believe that job status, income and age play a role in determining a credit score. If parents are not aware of the facts then we can't expect credit to be effectively taught in the home. As a result, this vital information to conducting personal financial affairs falls through the cracks.
A Solution To This Problem
Tonight I had an opportunity … (3 comments)
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credit card fraud: Establishing Credit for Students and Young Adults
- 12/09/13 09:55 AM
No credit can sometimes be as challenging as bad credit. Most young adults have not yet established their credit. As high school seniors are in the decision period for which college to attend and college freshmen are soon to be home for holiday break, this is a great time for parents to have a serious conversation with their young adult kids about establishing credit.
One of the potential pitfalls students face are unsolicited credit card applications. Believe it or not, it is not difficult for a student to obtain a low balance credit card account. Credit card legialtion passed during the Obama … (0 comments)
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One of the failings of our education system is that kids do not get taught about credit. Research shows that 40% of American adults do not understand the basics about credit. Worse, they believe false information about how credit works.
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