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Investing My dad is 85, am I wrong for encouraging him to get in credit card debt??
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Repo Offline
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Post: #26
RE: My dad is 85, am I wrong for encouraging him to get in credit card debt??
^^^ Sorry deleted my comment, I thought you were being sarcastic.
01-13-2019 01:12 PM
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Excalibur Offline
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Post: #27
RE: My dad is 85, am I wrong for encouraging him to get in credit card debt??
I would save that credit for emergency. One thing that is gonna tremendously burden you is when he is so frail that he needs 24hr in home care and you cannot afford it.

All morality aside if there’s something he always wanted to do like travel to Europe to see his sister that he hasn’t seen for 30 years, sure don’t worry about paying, just charge that trip on the card.

Buying frivolous things won’t add peace or joy to his life. Using him to purchase material goods for you is even worse.
(This post was last modified: 01-13-2019 04:27 PM by Excalibur.)
01-13-2019 04:27 PM
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Handsome Creepy Eel Offline
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Post: #28
RE: My dad is 85, am I wrong for encouraging him to get in credit card debt??
Endeavor, I'm not here to quarrel with you over red pill and how banks should work. I just want to know if it's true that US banks really don't have the right to know their customers' age because that is, quite frankly, an amazing fact.

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01-13-2019 07:32 PM
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Repo Offline
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RE: My dad is 85, am I wrong for encouraging him to get in credit card debt??
(01-13-2019 07:32 PM)Handsome Creepy Eel Wrote:  Endeavor, I'm not here to quarrel with you over red pill and how banks should work. I just want to know if it's true that US banks really don't have the right to know their customers' age because that is, quite frankly, an amazing fact.

Banks know it, but it isnt a factor in risk models due to legal issues. These risk models and associated inputs are reviewed regularly by regulators.
01-13-2019 07:38 PM
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