Look Who's Whipping Out The Credit Card: High Schoolers
Jolayne Houtz writes for the Seattle Times about the use of credit cards by high school teens.
By law, children under 18 aren't legally liable for their credit-card debts. But nothing prohibits a company from issuing a card to a minor. Consumer advocates charge that banks are loosening the rules about who can get credit and are carefully looking the other way when minors apply.
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