Yea, I had a similar situation (no military service though). Parents co-signed my first CC to build my credit.
I do sympathize with those whose parents cannot offer such a thing. I think the military provides great opportunity for things like this also, but a more generally available low interest credit line would help people avoid payday loans and such.
The poverty trap is real, and unfortunately I don't see anybody, R or D, offering any solutions. At least R are closer to "stop making bad decisions is step 1"
Yea, I had a similar situation (no military service though). Parents co-signed my first CC to build my credit.
I do sympathize with those whose parents cannot offer such a thing. I think the military provides great opportunity for things like this also, but a more generally available low interest credit line would help people avoid payday loans and such.
The poverty trap is real, and unfortunately I don't see anybody, R or D, offering any solutions. At least R are closer to "stop making bad decisions is step 1"
agreed