Will Our Children Be The Next Ones To Ask For Credit Card Debt Help In Missouri Or Illinois?

Today, the credit card companies have surprised even me. While I'm used to sorting through tons of credit card offers for me and my wife, I didn't expect to find to credit card offers for my two youngest children. Devyn, 16, and Tyler, 17, both received offers for the Southwest rapid rewards credit card from Chase bank.

Of course the advertisement is hard to resist, with an application attached to the offer letter and a mocked up card to get them excited about the freedom of having their own cards. It made me wonder if Southwest even knows that their name and reputation are being used to target underage children to get them started in the credit trap. What are companies thinking when they target people who can't even legally have a card?

One reason may lay with the effect the new credit card laws are having on profits. Credit card companies must have taken a hit to their profits after new laws requiring clearer statements and less marketing were put forth in 2009. Since marketing to students has been limited, perhaps they are trying to reach them before they even hit a college campus.

The card offers made to my children prompted me to education my children about the dangers of credit cards and how easy it is to find yourself in need of credit card debt help. If this is the direction that the credit industry is taking, it will now be more important than ever to teach our children how to spend responsibly and avoid creating debt. Soon, Tyler and Devyn will be out on their own and without me scanning their mail for the most common credit tricks. My only power lies in the ability to teach them what I know about avoiding credit card debt.

A lot of us are doomed from the start when it comes to the credit industry; It creates an environment where we feel fine about consistently being in debt and continuing to spend money we don't have. If credit card companies are targeting our children directly, it is best to set an example for them. If you are in need of solution to your credit card debt, Chapter 7 bankruptcy in Missouri or Illinois can help you get rid of the debt and get a fresh start. With your own financial situation cleaned up, you can be free to set an example of responsible spending for your children.

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