Post by "Pop" Stran on May 22, 2006 2:17:28 GMT -5
Most addictions start early...
Tobacco, alcohol, substance abuse and even gambling have been shown to stake their claim in the teen years.
The same could be said of credit cards.
A freshly minted college graduate of our acquaintance received no fewer than 52 credit card offers during his college career.
Why are credit card issuers offering their products to young people who have not applied for them and have no earned income or immediate job prospects?
It's simple:
They hope to get them hooked on the plastic habit.
Like lighting a cigarette or belting back a beer, reaching for the plastic in your wallet can quickly become second nature.
By getting their hooks in early, credit card companies can turn the debt-free into indentured servants who spend their working lives trying to get a few steps ahead.
Tobacco, alcohol, substance abuse and even gambling have been shown to stake their claim in the teen years.
The same could be said of credit cards.
A freshly minted college graduate of our acquaintance received no fewer than 52 credit card offers during his college career.
Why are credit card issuers offering their products to young people who have not applied for them and have no earned income or immediate job prospects?
It's simple:
They hope to get them hooked on the plastic habit.
Like lighting a cigarette or belting back a beer, reaching for the plastic in your wallet can quickly become second nature.
By getting their hooks in early, credit card companies can turn the debt-free into indentured servants who spend their working lives trying to get a few steps ahead.