Not going to happen - you are a minor

Posted by Taziblue (68.130.241.190) on December 24, 2003 at 15:40:43:

In Reply to: I'm 17, where can I get a credit card? posted by hadi on December 23, 2003 at 17:35:38:

I agree totally with all the above comments.

However, no one will give you a credit card because you can not legally enter into a contract until you are 18. (The exception being an emancipated minor.)

So, legally, you could charge up $20,000 in debt and refuse to pay as you were a minor and lacking capacity and they could not do anything.

Credit card debt has sunk many people- its like quicksand- easy to get in and hard to get out.

Do yourself a favor and open a Roth IRA now, before you have major obligations. Then, when you are older, you will have plenty of money (The magic of compounding interest).

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