They know the parents will bail out the kids if they get in trouble.
More Quotes from Linda Sherry:
They can be tempting but they have very, very high interest rates, ... you pay as you go.Linda Sherry
A key thing to worry about on these cards is the expiration of the rebate. It can expire if you don't ask for it on some of the cards. So, that can be within even as short a time as six months.
Linda Sherry
Basically, credit card companies can write their own rules.
Linda Sherry
I would be afraid of this.
Linda Sherry
One seemingly small mistake - that most people don't think of as anything - can have ramifications far beyond what seems legal to most people. But it is legal.
Linda Sherry
Merrick Bank had the highest default rate with 35 percent, followed by Citibank and Providian, both with 29.99 percent. When a customer is actually at the point of completely defaulting, there may have been some signs before that time that the company could've picked up on and dealt with in a more humane fashion than what most credit card companies seem to be doing at this point, ... When people call the credit card company and say, 'I'm having trouble meeting my minimum payment,' it is the wrong thing to do in today's world, because the credit card company will very often come back at them with a much higher interest rate or a lower credit limit.
Linda Sherry
Readers Who Like This Quotation Also Like:
Based on Topics: Parents Quotes49 and holding. Holding tight! Fighting that heinous age every step of the way.
Burt Ward
We ask advice, but we mean approbation.
Charles Caleb Colton
There is, indeed, no single quality of the cat that man could not emulate to his advantage.
Carl Van Vechten