Sallie Mae Credit Cards Poor Decision

[armstrongsubero]

@Merlin wow....thats really dangerous! Here credit cards are strictly regulated and the bank wont issuse one unless you've been working for 3 years and many times they require a security deposit equal to the value of the money on the card, even the debit VISA has a similar process like a credit card to getting it. This means hardly anyone has credit card debt and I mever heard anyone saying 'I am behind on mt credit cards'.

Hmmm thanks for the insight, I was just wondering about that. Credit Cards are nasty and there should be more regulation around them. Giving a credit card to an 18 year old Interpretive Dance major who is already taking out student loans they may die and never pay off for is pure evil to the student as even working adults struggle to make payments in rhe US based on what I read.

The APR on these cards are 15.24% to 25.24%! Wow! Even with proper 'management' credit cards in the hands of a booze drinking, impulsive 18 year old is horrible and irresponsible of financial organisations to do this, terrible idea! Credit is bad.....

Anyway thanks! I was just really curious about that...