Would the US be well served by a law that prevents people from taking on credit card debt before the age of 25?
-
-
Replying to @Molson_Hart
Will some people be better off, sure. Is that a reason to remove easily accessible credit from all 18-25 year olds, I don’t think so. Why stop at 25? Why only credit card debt?
1 reply 0 retweets 1 like -
Replying to @davidgshort
By that time, people have some sense. Credit card debt in particular is used for pointless one off purchases unlike auto or home credit?
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart
Is it? Kevin Smith made Clerks off credit card debt. Airbnb guys talk about how they had a baseball card binder full of credit cards to keep the business running. If they can’t get credit cards do they take out payday loans instead?
1 reply 0 retweets 0 likes -
Replying to @davidgshort
My suggestion probably sucks, but for most people, it's probably not a good idea to be using a credit card to make a movie or do a startup based people sleeping in strangers' homes.
2 replies 0 retweets 1 like -
Replying to @Molson_Hart @davidgshort
Fwiw, my thought was based on a conversation I had with someone wherein he described that he DESTROYED his credit when he was 18-19.
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart
Gov actually has intervened to ban advertising credit cards on college campuses
1 reply 0 retweets 0 likes
A surprisingly high number of superficially functioning people do not know how credit cards work and cannot use them without going into massive debt.
-
-
Replying to @Molson_Hart @davidgshort
It requires discipline, which is difficult. But if for no other reason, the fraud protections of a credit card over debit cards are superior. You can dispute a bad charge before it hits your real bank account.
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.