Comments on: Millennials Get This Message: Beware of Debt http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/ Marketing to Millennials Fri, 11 May 2012 19:13:56 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Bill Hanifin http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/comment-page-1/#comment-793 Bill Hanifin Fri, 25 Dec 2009 09:07:08 +0000 http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/#comment-793 There is a huge opportunity to build trust through helping improve financial literacy across this generation. A few banks have taken up the early task but we have to see which ones follow through. The past year of economic turbulence should be evidence enough for many millennials and others to stay away from debt. There is a huge opportunity to build trust through helping improve financial literacy across this generation. A few banks have taken up the early task but we have to see which ones follow through. The past year of economic turbulence should be evidence enough for many millennials and others to stay away from debt.

]]> By: Bill Hanifin http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/comment-page-1/#comment-674 Bill Hanifin Fri, 25 Dec 2009 02:07:08 +0000 http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/#comment-674 There is a huge opportunity to build trust through helping improve financial literacy across this generation. A few banks have taken up the early task but we have to see which ones follow through. The past year of economic turbulence should be evidence enough for many millennials and others to stay away from debt. There is a huge opportunity to build trust through helping improve financial literacy across this generation. A few banks have taken up the early task but we have to see which ones follow through. The past year of economic turbulence should be evidence enough for many millennials and others to stay away from debt.

]]> By: Alex http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/comment-page-1/#comment-596 Alex Fri, 20 Nov 2009 00:50:44 +0000 http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/#comment-596 Thanks for sharing. This information is useful for me. Thanks for sharing. This information is useful for me.

]]> By: Judy Hopelain http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/comment-page-1/#comment-181 Judy Hopelain Thu, 21 Aug 2008 14:48:00 +0000 http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/#comment-181 This is a huge deal, and it's insidious. Banks judge a consumer's creditworthiness in part based on having a track record of paying off debt. So, it takes debt to go into greater amounts of debt...unless you're a student. In that case, the banks will just throw credit cards at you and see how you do.<br/><br/>BofA recently tried to convince me that it's not too early to start my 16-year-old daughter's credit track record. The manager of my local branch recommended opening a checking account linked to her own credit card. "That way, she'll have a credit history." <br/><br/>I looked at him like he was a crazy person. Then I went home and transferred another $100 to my millennial's reloadable Netspend debit card. This is a huge deal, and it’s insidious. Banks judge a consumer’s creditworthiness in part based on having a track record of paying off debt. So, it takes debt to go into greater amounts of debt…unless you’re a student. In that case, the banks will just throw credit cards at you and see how you do.

BofA recently tried to convince me that it’s not too early to start my 16-year-old daughter’s credit track record. The manager of my local branch recommended opening a checking account linked to her own credit card. “That way, she’ll have a credit history.”

I looked at him like he was a crazy person. Then I went home and transferred another $100 to my millennial’s reloadable Netspend debit card.

]]> By: Judy Hopelain http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/comment-page-1/#comment-1222 Judy Hopelain Thu, 21 Aug 2008 14:48:00 +0000 http://millennialmarketing.com/2008/08/millennials-get-this-message-beware-of-debt/#comment-1222 This is a huge deal, and it's insidious. Banks judge a consumer's creditworthiness in part based on having a track record of paying off debt. So, it takes debt to go into greater amounts of debt...unless you're a student. In that case, the banks will just throw credit cards at you and see how you do.BofA recently tried to convince me that it's not too early to start my 16-year-old daughter's credit track record. The manager of my local branch recommended opening a checking account linked to her own credit card. "That way, she'll have a credit history." I looked at him like he was a crazy person. Then I went home and transferred another $100 to my millennial's reloadable Netspend debit card. This is a huge deal, and it’s insidious. Banks judge a consumer’s creditworthiness in part based on having a track record of paying off debt. So, it takes debt to go into greater amounts of debt…unless you’re a student. In that case, the banks will just throw credit cards at you and see how you do.BofA recently tried to convince me that it’s not too early to start my 16-year-old daughter’s credit track record. The manager of my local branch recommended opening a checking account linked to her own credit card. “That way, she’ll have a credit history.” I looked at him like he was a crazy person. Then I went home and transferred another $100 to my millennial’s reloadable Netspend debit card.

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