http://thedemocraticdaily.com/2009/05/19/senate-passes-bill-restricting-credit-card-industry/ Political News, Progressive Commentary, Liberal Opinions and Common Sense Conversation... Sat, 26 May 2012 16:39:06 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://thedemocraticdaily.com/2009/05/19/senate-passes-bill-restricting-credit-card-industry/comment-page-1/#comment-40035 OlderButNotWiser Tue, 19 May 2009 21:01:56 +0000 http://thedemocraticdaily.com/2009/05/19/senate-passes-bill-restricting-credit-card-industry/#comment-40035 I'm seriously disappointed that congress is treating under 21 ADULTS like second class citizens when it comes to credit cards. It was possible for me to buy a house at 22 in part because I had nearly five years of credit history. Compound interest should be taught in 5th grade. Teenagers today should not need to pay to take a class or get a co-signer just because they are under 21 and not working full time. I certainly didn't suddenly get smart when I turned 21. However I was given credit card limits of $20k+ when I was 21 and had a career vs a max limit of $1k when I was 18 and only had a summer job. I’m seriously disappointed that congress is treating under 21 ADULTS like second class citizens when it comes to credit cards. It was possible for me to buy a house at 22 in part because I had nearly five years of credit history. Compound interest should be taught in 5th grade. Teenagers today should not need to pay to take a class or get a co-signer just because they are under 21 and not working full time. I certainly didn’t suddenly get smart when I turned 21. However I was given credit card limits of $20k+ when I was 21 and had a career vs a max limit of $1k when I was 18 and only had a summer job.

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