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Concern growing over minor-age credit card debt.

Publication: Mississippi Business Journal
Publication Date: 22-JAN-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Concern growing over minor-age credit card debt.(Banking & Finance)

Article Excerpt
For years, the banking industry and other groups have focused on educating young people about borrowing and the importance of establishing and maintaining good credit. However, that message has never been more needed or important than it is today, according to many.

Credit card companies are marketing to an ever-younger demographic. High school students are now receiving credit card offers. And, these same youngsters are offered more and more opportunities to use plastic, swiping their cards for everything from a hamburger at a fast food restaurant to practically anything their hearts desire, and their credit can bear, on the Internet.

Minor-age credit card debt is a problem now that could grow...

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