http://money.cnn.com/2009/05/19/news/economy/credit_cards/index.htm?postversion=2009051914
The senate voted on Tuesday 90-5 to approve a bill that will make the credit card issuers to raise fees and interest rates. This bill includes an unrelated measure that allows people to carry concealed weapons in national parks. The bill will go to presidents Obama desk before memorial day. The Senate's bill will take affect in nine months and it will make it harder for people under the age of 21 to get credit cards. I both agree and disagree with this article. I agree with this article because it regulates the credit card companies more, i disagree with this article because the people under the age of 21 will have a hard time building their credit because having a credit card builds credit. This article is presented fairly because it presents no side. i always use CNN.
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Deishnae, Good choice of subject. I understand why you’d be against making it harder to get a credit card, but there are other provisions of the bill that you didn’t talk about in your summary. My advice to you and everyone is to AVOID credit cards until they are self-supporting.
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