More on Credit Card Marketing to People Under 21

by Brian Wolfman

U.S. PIRG's Consumer Blog has this nice post concerning a series of related articles on credit card marketing on college campuses and student debt more generally. The new Credit CARD Act, which takes effect next February, limits credit card companies rights to market to these young adults. I blogged last May about Congress's unusual decision to treat this group of adults (18 to 21 year olds) differently from all other adults.  

Comments

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Hello friend excellent post about More on Credit Card Marketing to People Under 21 thanks for sharing!!!

[credit card debt settlement]

Great post! The current credit card act actually make it hard for people get into credit card debts. For card applicants under 21, they need to have a co-signer or else they would be advised to apply for a debit card instead. More credt card debt relief tips, visit http://creditcarddebtsolver.com

[Reduce Credit Card Debt]

Great post by the way. Most of our youth i feel are not ready to handle the major responsibilities of handling credit cards correctly.

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Creadit Cards Debt sold to Students should let them know what kind of debt they are getting into. In my opinion CC debt is probably the worst debt to get.

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Consumers should only hire debt settlement companies that charge their fees base on the amount forgiven and only collect these fees at the time of settlement!

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[Brian Wolfman]

Hello. After many years at Public Citizen, I have moved to Georgetown law school, where I will be a co-director of the Institute for Public Representation (IPR) and head IPRs Civil Rights Clinic. You can reach me at 202 661 6582 and wolfmanb@law.georgetown.edu.

If you want to contact the Litigation Group, contact Litigation Group Director Allison Zieve at azieve@citizen.org.

Brian Wolfman

reply-3P3ND8VUHUI4_4D5PFLFPC7RF 12/17/09 21:58

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A new comment from Creditcarddebteliminationnow was received on the post More on Credit Card Marketing to People Under 21 of the blog CL&P Blog. If you would like to post a reply to this comment you can do so at the following URL:

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Comment:

[Creditcarddebteliminationnow]

Ahead of investing any more of your time and effort in credit card debt elimination, you should consider if debt settlement is the right option for you. The first question you have to ask is "Do you have a legitimate financial hardship?"

[Brian Wolfman]

Hello. After many years at Public Citizen, I have moved to Georgetown law school, where I will be a co-director of the Institute for Public Representation (IPR) and head IPRs Civil Rights Clinic. You can reach me at 202 661 6582 and wolfmanb@law.georgetown.edu.

If you want to contact the Litigation Group, contact Litigation Group Director Allison Zieve at azieve@citizen.org.

Brian Wolfman

reply-3P3ND8VUHUI4_4A79DHIY57RE 12/15/09 09:19

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A new comment from Mike Lukjaniec was received on the post More on Credit Card Marketing to People Under 21 of the blog CL&P Blog. If you would like to post a reply to this comment you can do so at the following URL:

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Comment:

[Mike Lukjaniec]

Great Post!! Creadit Cards Debt sold to Students should let them know what kind of debt they are getting into. In my opinion CC debt is probably the worst debt to get.

[Brian Wolfman]

Hello. After many years at Public Citizen, I have moved to Georgetown law school, where I will be a co-director of the Institute for Public Representation (IPR) and head IPRs Civil Rights Clinic. You can reach me at 202 661 6582 and wolfmanb@law.georgetown.edu.

If you want to contact the Litigation Group, contact Litigation Group Director Allison Zieve at azieve@citizen.org.

Brian Wolfman

reply-3P3ND8VUHUI4_4A78ZXL297RE 12/02/09 15:25

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Comment:

[credit card]

I agree that we should be taught financial responsibility younger. So many college age kids are in debt because they are not used to paying credit card bills. It is a big problem.

[Debt Consolidation Companies]

Well, I don't see any problem with marketing credit cards for young people, but maybe I'm not aware of some of the consequences of this act.
I think I have to read more about this subject.

Good post.

[Brian Wolfman]

Hello. After many years at Public Citizen, I have moved to Georgetown
law school, where I will be a co-director of the Institute for Public
Representation (IPR) and head IPR's Civil Rights Clinic. You can reach
me at 202 661 6582 and wolfmanb@law.georgetown.edu.

If you want to contact the Litigation Group, contact Litigation Group
Director Allison Zieve at azieve@citizen.org.

Brian Wolfman

[Wendy]

While I agree that it is odd for Congress to treat one group of adults differently than others, I can honestly say that I am glad they are taking this step. So many people get in over their heads and spend their lifetime paying for mistakes they made early. While we should be taught financial responsibility from an earlier age, I am glad to see some protections in place to help prevent young adults falling victim to agressive marketing.