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Hell Puppy · 05-23-2009

Under 21 can still have a credit card, but they now have limits and require cosigners to have any sort of limit. It's now something like 5% or their annual income or $500, whichever is more.

This ends the practice of sending college kids out into the world saddled with $5-10K of credit card debt as they enter their first job.

05-23-2009	#8
Hell Puppy Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 6,523	Re: Will the new CC laws impact porn? Under 21 can still have a credit card, but they now have limits and require cosigners to have any sort of limit. It's now something like 5% or their annual income or $500, whichever is more. This ends the practice of sending college kids out into the world saddled with $5-10K of credit card debt as they enter their first job.