Monday, March 4, 2013

CFPB

1. I would be very upset if I were a part of credit discrimination. I do not know what I would do. As I am somewhat aware of the problem, for my bank told me I would not be approved for a credit card and they have not run a credit report or anything. Mearly off the basis that I am only 18.

2.They have to atleast run you to see if you qualify for credit. They have to give you a 45 day notice before raising interest. Fees can not be over $25.

3.I would not because I know my parents would not co-sign with me. They don't want the liablility and I as well do not want my parents to hold my hand. If I simply do not have the money or credit I will not buy it and create enourmous debt for myself or my parents.

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