whattheheck asked:
We have 2 children one is 15 and one is 13, recently the 13 year old started getting credit card applications. any ideas why this might happen, and what we can do to make it stop?
http://1mortgagecalculator.info
We have 2 children one is 15 and one is 13, recently the 13 year old started getting credit card applications. any ideas why this might happen, and what we can do to make it stop?
http://1mortgagecalculator.info
Credit card company will send anything credit cards. My cat received 2 this week. And last year my toaster got one in the mail.
To stop it? Call them and tell them she is underage and or not interested. They should not keep sending forever.
That reminds me, I had taken my cat to the vet and then suddenly I start getting card applications addressed to him. And darn it all if they weren’t offering him a limit higher than mine.
Seriously though I would have a credit check done on her because she is a minor you will have to do it through the mail there is a specific procedure for doing credit checks on minors. I went through this with my 10 year old. This will tell you if there has been some identity theft. Then you should opt out of prescreened offers.
Ugh, it could just mean their name ended up on some list and it was sold to a direct marketer, or it could mean their identities were stolen. Just to be safe, I’d go to (not any of the other sites as this is the official one for the mandated free state reports!) and get a copy of each of their credit reports. Make sure it doesn’t show they have opened anything (or rather someone has done so in their names).
that kids way to young to be getting credit cards.
wait till shes older like 18 so she can learn responibilty or something.
Immediately pull credit reports with her social security number and see if anybody has stolen her identity.
Yeah if you can indict a ham sandwich, I am sure that ham sandwich can have a credit rating.
This can happen if the teenager is working at a part time job and demonstrates income. Teenagers can also sign up to receive applications but in all likelihood, the CC companies (which are now beginning to target teenagers) probably got their name from some other mailing list and decided to solicit to them. Some parents also put their children’s name on their credit cards in order to build credit history and a good FICO score in which case you would have provided the name to mailing lists.
There are a few roads you can take:
1) Check the application to see if the customer has to be 18. In all likelihood they will have to be and if they’re not you would have to co-sign to legally qualify the minor for a card however BE CAREFUL because I’m sure the CC company would issue a card even if the 13 y/o sent it in on his own and you may be held accountable for the debt.
2) You could use this as a learning opportunity and trial to teach them how to establish and use credit responsibly.
3) If you don’t want further mailings you could call the CC companies, but I find it’s FAR more effective to use Junk Mail reduction programs such as Green Dimes (In the U.S. only). For a one time $20 charge they take your name and the any other names you provide off of several junk mail listings and they continue to do it month after month. It really really works well, it helps the environment by reducing the trees/fuel it takes to make/ship all that mail, and you can worry less about people breaking into your mailbox, stealing a CC application and ruining your credit.
Hi,throw them in your garbage can.No temptations.In fact the less the credit the better is your life & explain that to your daughters.Learn to save & then spend rather than spend against your future earnings.Look at USA,spending like a credit card.