this is a serious issue. you already see teens stealing . teens using methods to get money. now
this credit card scheme is teaching kids to owe banks money. This is not a good idea. as much as i, 19yrs old wish to apply for the card , however , using credit card means owing the bank. something my parents taught me was to never borrow or owe people money.
even with parental consent, we see so many youngsters overspend.
I've seen how a personal friend used her dad's CC till it maxed out in just a few days. and not bothering at all. when i asked her , all she said is
"its common to have cc nowadays. not hard what. dad can pay. i also can pay. but pay later lor. must save then pay back "
Save and pay back? using it again and again, means owing and owing. finish first payment still got 3rd and 4th and the cycle will go on and on
this credit card scheme is teaching kids to owe banks money. This is not a good idea. as much as i, 19yrs old wish to apply for the card , however , using credit card means owing the bank. something my parents taught me was to never borrow or owe people money.
even with parental consent, we see so many youngsters overspend.
I've seen how a personal friend used her dad's CC till it maxed out in just a few days. and not bothering at all. when i asked her , all she said is
"its common to have cc nowadays. not hard what. dad can pay. i also can pay. but pay later lor. must save then pay back "
Save and pay back? using it again and again, means owing and owing. finish first payment still got 3rd and 4th and the cycle will go on and on