I got my first credit card at the age of 18 at the student union in college. I was walking by and was offered a free university T-shirt to sign up for the card.

The T-shirt is gone, but it cost me thousands of dollars, and the debts are still there.

In most college campuses today there are dozens of booths set up by credit card companies targeting young college students, most with no income (aside from parents and student loans). You can't walk through a student union without bumping into one of the booths or having somebody offer you a T-shirt or a free beer mug.

Give a college kid $1000 in credit and see what happens. $1000 gets spent immediately on CDs, beer, and pizza.

I think it is morally irresponsible and reprehensible to target that section of the population, in that manner.

And then the CC companies want to turn around and have CC debts not get discharged in BK. They point to a problem that they themselves created as a reason to let them make more money.

Utter appalling.

I'm not trying to say that my debts are not my responsibility. I should have known better. (although I was taken in a debt management scheme, as I indicated before) But if you look at it from the overall picture, the maliciousness of the practice soon becomes apparent.

And so I am a

poor lawyer, esq.

Follow Ups:

Re: 4 Blind Men & An Elephant Cassidy 08/18/02 (0)

Post a Followup