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Originally Posted by Lebenz
Another survey by Junior Achievement Worldwide found that 20 percent of 18-year-old high-school students have credit cards in their own name. Most surprising: 5 percent of 13- and 14-year-olds have a credit card.
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I believe a credt card is a legal contract. If your under 18 and issued a credit card in your own name, you cannot be held responsible or suffer the consequences by defaulting on it. Isn't it the lenders responsibility to verify the card holders credentials including / excluding fraudulant information?