Credit Cards and Personal Loans to Young Naive Adults...
By megs85
@megs85 (3142)
Australia
December 6, 2006 4:02am CST
Do you think that it is moral or legal that the banks give out credit (as in loans or credit cards) to people, particularly young people with no prior credit history and meagre incomes, that obviously cannot afford the repayments?
2 responses
@kids91911 (4363)
• United States
12 Dec 06
I don't think it is fair how banks judge you according to a number.
@Lydia1901 (16351)
• United States
6 Dec 06
It might be the bank's mistake but that's how they're going to get business and lock those poor young people in paying them. Because they will get their money back one way or another, that's why there are collection agencies out there.
