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Un-asked for Credit Cards
Comments
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I read it as the grandson is receiving application packs for cards - not the cards themselves.
You're right, I skimmed it through and misread.0 -
I get the applications all the time too, along with loan forms from my bank.
The APR is ridiculous, they are likely trying to catch a desperate fish. Looking elsewhere always yields a batter deal.0 -
cts_casemod wrote: »they are likely trying to catch a desperate fish. Looking elsewherects_casemod wrote: »Looking elsewhere always yields a batter deal.
So I guess you just say 'tartare' to the offer?0 -
At least the cards will always come with chips....Deleted_User wrote: »So I guess you just say 'tartare' to the offer?0 -
I think there are laws against intercepting people's post that you're probably falling foul of...
Also, getting a credit card at 18 was one of the best things I did. I have never paid a penny in interest on any debt I've ever had, and now I can spend on interest free cards and leave my cash racking up 5-6% interest while the credit card holds my balance. I also get cashback or rewards on everything I spend. I even got my mortgage at 21 with a bank (apparently) known for not lending to first time buyers.
You should really be educating your grandson about money, not sheltering him from the world. At 18 he should really understand the implications of getting into debt and be able to make a decision not to do it...0 -
I think there are laws against intercepting people's post that you're probably falling foul of...
Actually those laws don't apply once delivered to the correct address. Then it's "normal" laws that apply - criminal damage, theft etc.
The OP went to the trouble of mentioning that the recipient was her grandson but not his age. 12? 22?0 -
you keep getting them because he's applying for an application pack that you then steal, and he thinks isn't turning up, so he applies for another one.
Christ, how would you like it if he opened all your mail and decided what you could and couldn't have.
and why cant he get a credit card? what right do you have to dictate what kind of credit he can get?0 -
It's odd how people are.
Recent thread on a neither board raised concerns about an elderly relative and how they weren't managing their money properly. Varied debate on how much hassle they wanted and the fact they could live comfortably without maximising returns before suggestions that the OP as a relative might be more concerned with inheritance.
Then cue an outraged post from an oap, suggesting that they would be extremely offended if the subject of the confirmation and would disinherit their relative forthwith if they were the subject, eventhough this is obviously an anonymous forum.
Now we have the exact opposite situation, whether the OP in this case knows whether their relative is responsible or not, or realises the benefits of possessing and responsibly using a credit card isn't clear.0 -
concernedSaver wrote: »You're right, I skimmed it through and misread.
To be fair the title is very misleading - the word "applications" might have made a differenceRemember the saying: if it looks too good to be true it almost certainly is.0 -
If he wants to buy something and needs a loan, and you can afford it, this is what I have done:
22 yo grandson needed a hefty deposit for a flat. He has a great tech job with a good company and fine prospects, but is still not financially secure. I loaned him the deposit and he set up a Standing Order to repay me.
20 yo granddaughter needed a car to get her to work, after the horrible shed she had, blew up. I loaned her the money under the same circumstances. In both cases, I make no charge for interest, I just want them to get a good start in life and not pay exorbitant interest fees to either a CC company or a bank. Both of them are sensible young people and both have good jobs.
My son is currently struggling with an old car and I know that I may have to repeat the procedure with him, probably next year. We are a close family who help each other. Please tell us OP, how old is your grandson? To demonstrate the effect of opening a young person's mail, this is my experience at 15:
My domineering mother took it upon herself to open a letter from my first GF and burn it. She took pleasure in telling me this when I came home from school, claiming that what was written, was "Filthy and dirty" (her words) At 71, I can still recall the effect upon me at that age. I went to sea at 16 and joined the Army at 19. My resentment against this and other events, lasted years.
Probably not the same circumstances, but mother was trying to "protect" me. Ask the lad in future, if you can read his mail, but first take the advice already offered and tell him why you did it and what you are trying to do for him, then teach him about the traps that young people can fall into. I know you mean well, but how do you know how he secretly views your actions?I think this job really needs
a much bigger hammer.
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