Paying with plastic: Credit card choices for the college-bound
Monday, July 19, 2010
NEW YORK -- Parents of college-bound students, take comfort. It should be harder for them to run into trouble with credit cards. As part of the wide-ranging credit card reforms that took effect this year, anyone under 21 now needs a co-signer to get an account. The exception is if applicants can prove they have the means to cover payments on their own. The new restriction means parents will have more say in their teens' finances. With that in mind, a look at the options.
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