Stay-at-home parents getting new credit card rule
October 16, 2012 at 1:30 am in Grand Forks Herald
The Consumer Financial Protection Bureau will propose a rule within the next few months that will make it easier for applicants without personal income to qualify for credit cards, the agency’s director Richard Cordray said at a congressional hearing last week. Continue Reading
I really hope this doesn’t pass. There’s no need for it. If you don’t work, you don’t need a credit card. Period. You can already be an authorized user on your working spouse’s card, which should solve any issues a stay at home parent should have. If you don’t work (AKA earn money), you don’t need a credit card. Period.
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Nobody NEEDS a credit card. Anyone can get a debit card so why would she need one?
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Great, what could possibly go wrong when you give people with no income a credit card. Don’t need their husbands permission? Well, if your a stay at home mom with no income who do you think is gonna be paying the credit card bill at the end of the month?
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Another financial meltdown in the making.
Our government is STILL spreading bankruptcy seeds. There’s gonna be a good crop…
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