Minors and credit cards......can they have one? - Page 3 - PeachParts Mercedes-Benz Forum

WVOtoGO · #31 02-06-2007, 05:17 PM

Quote:

Originally Posted by Dee8go

No, they shouldn't. Neither should a lot of adults, apparently.

X2
That covers the original question for sure and for certain.

Plantman - I think you’re on the right track. Just make sure he learns how quickly his actions with regard to credit/debit cards can get him into trouble.

Don’t assume anything when you go to the bank. The teller could quite easily lie, and state that she lead him into nothing. It was all him. That he must have provided her with a bogus ID when she checked his age. Etc. etc.
Not saying she will - Just make sure you’re ready for anything. Including, this getting pretty ugly for you and your kid. Good luck, to you and yours.

WVOtoGO · #32 02-06-2007, 05:20 PM

Quote:

Originally Posted by rg2098

I've had a credit card since I was 16. (Many banks will issue one with a co-signer) Only once have I hit the credit limit ($1000), but it was because of a day delay between payment and one very large purchase for my father. The bank reversed the charge without having to call at all. I always pay the bill in full each month. BTW I'm 17.

Hats off to you.

You. Me. And a few others out there seem to be a rare breed when it comes to CCs.

aklim · #33 02-06-2007, 05:51 PM

Quote:

Originally Posted by BENZ-LGB

I bet you dollars to donuts that if AKLIM became a parent, he would change his tune.

You'd probably lose. I have tossed my wife to the dogs before because she has done something I told her not to do. Sink or swim was up to her. I made sure I was covered and the rest was hers. I just shrugged my shoulders and said "Sucks to be you." If I won't bail her out of her mess, why would I do it to anyone else? Unlike most others, I don't adopt double standards simply because something is now inconvenient for me.

aklim · #34 02-06-2007, 05:56 PM

Quote:

Originally Posted by BENZ-LGB

Your father could have taught you all kinds of lessons, some good some bad.

Until you have your own children, however, and have to deal with the realities of raising children in this society, it is all pretty much meaningless.

This is an area where real life experience trumps theory every time.

The simple lesson I was taught was that if I get in to a situation, it is MY job to get myself out. If I fail to do it, oh well. Sometimes I succeeded and sometimes I failed. My lesson was that I should be more careful of what I get into.

BENZ-LGB · #35 02-06-2007, 06:05 PM

Quote:

Originally Posted by aklim

You'd probably lose. I have tossed my wife to the dogs before because she has done something I told her not to do. Sink or swim was up to her. I made sure I was covered and the rest was hers. I just shrugged my shoulders and said "Sucks to be you." If I won't bail her out of her mess, why would I do it to anyone else? Unlike most others, I don't adopt double standards simply because something is now inconvenient for me.

I hope that you are willing to be judged with the same yardstick that you measure others.

I am not about to tell you how to live your life, that's entirely your business.

But, in my opinion, it is a poor husband who looks at his wife and is willing to toss her to the dogs just because she did something you told her not to do. (I am assuming that the "thing" that you told her not to do did not involve a criminal act of some sort).

But for just about anything else, to toss your wife to the dogs simply because she would not obey your commands is just wrong. But if she puts up with it, then more power to her.

I would not treat my spouse that way and I would not treat my children that way.

I am not a particularly Christian person (being a prosecutor has made me see enough bad things to sour me on religion). But I very much like the parable of the good shepherd who is willing to leave his entire flock behind in order to go after the one sheep that strays away.

Husband and wife are there to, among other things, support and hold each other up, through bad times and through good times. It is easy to love a spouse, or a child, when things are good. It is hard to love them when things go south. But that is when they need more support and love.

But what do I know? I have been married to the same person for 30 years!

Again, not telling you how to live your life, but it must be a pretty lonely and insecure place at the aklim household, when your spouse knowes that the penalty for her disobedience is being tossed to the dogs.

Peace out!

aklim · #36 02-06-2007, 06:27 PM

Quote:

Originally Posted by BENZ-LGB

I hope that you are willing to be judged with the same yardstic that you measure others.

:fork_off: But, in my opinion, i tis a poor husband who looks at his wife and is willing to toss her to the dogs just because she did something you told her not to do. (I am assuming that the "thing" that you told her not to do did not involve a criminal act of some sort).But for just about anything else, to toss your wife to the dogs simply because she would not obey your commands is just wrong. But if she puts up with it, then more power to her. I would not treat my spouse that way and I would not treat my children that way.

I am not a particularly Christian person (being a prosecutor has made me see enough bad things to sour me on religion). But I very much like the parable of the good shepherd who is willing to leave his entire flock behind in order to go after the one sheep that strays away.

Husband and wife are there to, among other things, support and hold each other up, through bad times and through good times. It is easy to love a spouse, or a child, when things are good. It is hard to love them when things go south. But that is when they need more support and love.

Absolutely.

Well, I warned her not to get involved in some program. She insisted she knew better. Why should I go raise a hand to help her fix it? She has the free will to do what she wants and so do I. However, I also have the free will to not help untangle a mess she tangles up. On the flip side, when I screw something up, I go off quietly and fix it myself. I'm not talking of accidents that happen. I am talking about an issue we discuss and if you decide to go on your own merry way irrespective of my protests, I cannot see why I should enable your mistakes. Been there, done that and tired of it.

I'm not that sort of shepard.

Yeah, I am willing to move heaven and hell to help the wife. But if we discuss something and I tell you it is going to get us into problems but you insist on going on with it, I am going to wash my hands of that issue. At that point, you stand alone should you want to proceed. You have the free will to do as you wish. However, with that free will comes the responsibility to deal with the consequences. I didn't listen to her advice a while back when I was sick. Made myself worse. I cleaned up my own barfy mess and took myself back to the doctor. I drank milk when I shouldn't. I had gas all night and diarrhea. I took care of myself.

Mom had breast cancer. I suggested she forget about the doctors that saw it and decided to let it go on. Well she decided that she wanted to give them another try. Good luck to her. It is working out for her and she is in remission. However should it have gone south for her, I would feel no guilt or remose. Just an "Oh well"

Hatterasguy · #37 02-06-2007, 09:45 PM

Quote:

Originally Posted by SwampYankee

I got to say that I'm surprised that given your payment history they haven't raised your limits. You're still going to school, right? Working FT or PT? Once you start working FT it'll be a lot easier to get a higher limit. One thing to keep in mind, as strange as it sounds, keeping a balance on it rather than paying it in full every month may help (obviously within reason

). The CC companies don't make any money off people who pay their bills in full, they like you to carry a balance so they can charge you interest. Keep making the payments on time, carry a $50-100 balance for awhile and you might just see that limit start to rise.

**DISCLAIMER-Keep my financial knowledge and history in mind before undertaking such a cockamamie scheme

But it was a paraphrase of something I heard Clark Howard tell someone who was in a similar situation to yours. Normally he's a strong advocate of paying in full.

Re: Bankruptcy-I've seen people do it before, during and after my speed bump. It really p!$$ed me off that they'd just bail on their responsibilities. It does carry a helluva black mark on your CR though! I'd be embarassed to be in my 30's and have to count on mom or dad to co-sign a loan for me which has happened to the ones that I know.

I carry about a $100 balance usualy. I think I am going to ask Visa to raise the limit on that card. I mean I go to school yeah, but I work a lot and $500 just isn't going to cut it anymore. Off to b*tch at Visa tomarrow!