Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
New Jersey lawmakers have greenlit a bill that will make it more difficult for college students to get credit cards on college campuses and protect their parents from being responsible for the debt. Creditors would not be allowed to offer gifts and freebies for students to sign up and they would need debt education before a student's application could be approved.
I think this is a good idea to do at schools,because it's not the people that truly understand credit we have to worry about, but the ones that don't and then get access to it. I'd like to see more states take up similar initiatives
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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