Friday, June 20, 2008

Mommy, what's my interest rate?

In this day and age it's probably a good idea to start building up good credit early. Take it from any of your friendly EIGN contributors, building good credit is important; really. Want to buy a house? A car? A ticket to mars? What to impress your friends? Get a job? (Which seems incredibly ironic, because don't you need a job to build good credit?)
Anyway, logical fallacies aside, five seems a bit too young to sell your soul in the name of capitalism. Apparently Bank of America decided it would be smart to issue a card with a $600 limit to a five year old Illinois boy. Talk about spending more than you make! (cbs2chicago)

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