In the last few months, our company has been getting inquiries on whether its legal to get a credit card in their child's name. We find this disturbing to know that someone
is even considering this.
The answer to the question is NO. First of all, its immoral. Why would you want to burden your child with debt? Some people say it's to help build them credit. Does a six year old need credit?
Absolutely not. So we have to believe it's to help themselves for their own personal gain. Some of these people have also said that their parents did it to them. We were amazed and disappointed to
see this could even occur. Second, it's just plain out fraud. You cannot legally sign for a document for your child without their consent, and they must be at least 18 years of age.
In conclusion,
your responsibility as a parent is to take care of your child and not for the child to have to take care of you. Don't redo the mistake of what your parents did to you. Set it straight.