Comments on: Teens with Credit Cards: A Good Idea? http://blog.creditorweb.com/index.php/2008/04/25/teens-with-credit-cards-a-good-idea/ A survival guide for the plastic jungle. Mon, 20 Dec 2010 03:56:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: FCC http://blog.creditorweb.com/index.php/2008/04/25/teens-with-credit-cards-a-good-idea/#comment-934 FCC Mon, 05 May 2008 00:44:40 +0000 http://blog.creditorweb.com/index.php/2008/04/25/teens-with-credit-cards-a-good-idea/#comment-934 I can see this as both a positive and negative. If a teenager has a job and they can learn at a early age to use their credit card wisely, then I say do it! You can get a lot of rewards with a credit card if you use it properly! I can see this as both a positive and negative. If a teenager has a job and they can learn at a early age to use their credit card wisely, then I say do it! You can get a lot of rewards with a credit card if you use it properly!

]]> By: Experts on Credit http://blog.creditorweb.com/index.php/2008/04/25/teens-with-credit-cards-a-good-idea/#comment-919 Experts on Credit Tue, 29 Apr 2008 17:50:15 +0000 http://blog.creditorweb.com/index.php/2008/04/25/teens-with-credit-cards-a-good-idea/#comment-919 I don't even have kids yet, but I am not giving them credit cards. I remember when I was growing up, I had friends with credit cards. The common theme was misuse. In most cases, I think it just isn't necessary. I don’t even have kids yet, but I am not giving them credit cards. I remember when I was growing up, I had friends with credit cards. The common theme was misuse. In most cases, I think it just isn’t necessary.

]]> By: Meredith http://blog.creditorweb.com/index.php/2008/04/25/teens-with-credit-cards-a-good-idea/#comment-914 Meredith Sun, 27 Apr 2008 16:00:11 +0000 http://blog.creditorweb.com/index.php/2008/04/25/teens-with-credit-cards-a-good-idea/#comment-914 Thanks for a great introduction to this important topic. Even with the current credit disaster that is causing many Americans so much pain, people who are smart about their credit card use continue to reap big benefits from wise credit card use. It is NOT TRUE that most credit card users eventually end up in financial difficulty. For example: 1. Approximately 30% of US households pay their monthly balances in full each month. 2. The majority of US households have no credit card debt. 3. 25% of US household do not have credit cards. 4. The average US household pays their bills on time. Over 50% of all consumers have NEVER been reported for late payments. 5. Approximately 40% of credit card users carry a balance of less than $1,000, despite the fact that the typical card holder has access to around $19,000 on all credit cards combined. Educate your kids from when they are young about credit and debt, and make sure they end up being amongst these positive statistics. Thanks for a great introduction to this important topic. Even with the current credit disaster that is causing many Americans so much pain, people who are smart about their credit card use continue to reap big benefits from wise credit card use. It is NOT TRUE that most credit card users eventually end up in financial difficulty. For example:

1. Approximately 30% of US households pay their monthly balances in full each month.

2. The majority of US households have no credit card debt.

3. 25% of US household do not have credit cards.

4. The average US household pays their bills on time. Over 50% of all consumers have NEVER been reported for late payments.

5. Approximately 40% of credit card users carry a balance of less than $1,000, despite the fact that the typical card holder has access to around $19,000 on all credit cards combined.

Educate your kids from when they are young about credit and debt, and make sure they end up being amongst these positive statistics.

]]>