Personal Finance Questions and Answers

Can i achieve a debit or credit card at the age of 16?

i have a hill account at lloyds tsb and i hold a cash card already. but i would similar to to set up a credit or debit card to buy and sell online


Answers: credit card=no, not until you are 18
debit card=yes, beside a parents signature (had to do this for my 17 year old step son)
you wont be allowed a credit card till your 18 but they will permit you have a debit card on a current statement with them
step see them and ask you might need to progress accounts but that shouldn't be a problem
You cannot get a credit card until you are 18. Best entity to do is speak to your bank they might confer you a debit card, usually you'll get a solo card as you're moderately young, or you possibly lucky and they'll give you a maestro (switch) card.
you can capture a debit card, just ask your mound. but you can not get a credit card until you are 18.
Yes, I have an idea that you can, but you'll have to check beside your parents, the bank/company, and state laws first.

It would probably be easiest to bring a debit card, which really isn't that difficult since you've already got a guard account. You will probably necessitate a parent to co-sign, but that should be ok.

I wouldn't advise a credit card of late yet. The interest is greater on them, and it's deeply easier to overspend and get screwed. If you spend too much near a debit card, then you own no money left and you'll be prevented from withdrawing more. If you spend too much near a credit card, then you'll be surrounded by debt and interest will build.

Make sure you're ready for the responsibility. I don't miserable to nag, but a lot of individuals our age (that is, older teens and twenty-somethings) go and get into big financial trouble because they aren't credit savvy. Also, make sure that you're not dangerous with your credit/debit card, since identity aggravated burglary can strike anyone.

As long as you've got a apt head roughly you, I think you should be ok next to having a card of sorts. It a short time ago depends on what the bank and state say-so.
Until you are 18, you'll need to use a debit card.

Your hill should give you one attached to an tedious current account.
Generally, NO, unless you hold a parent sign with you as you might own income, but are not of legal age to enter into a contract.

In my house, my wife is on my daughter's checking article (opened at 16, now 17) and we own a credit card we never used and added her name. We don't use it at adjectives, but she must pay the bill IN FULL every month or she loses it. Why? So, she is surrounded by the habit, she never pays interest and she is trained to dislike debt, which is what kill most people financially and instinctively.

My advice, free 1/3 of what you make, 1/3 live on and rate your bills with the second 1/3 have fun. You will after learn to live in your means and not paycheck to paycheck.
In the UK the Consumer Credit Act prohibits the provision of consumer credit of any form to individuals under 18.

You can go and get a debit card BUT if you are using debit or credit cards for business purposes you DO NOT get one and the same level of protection that the usual consumer does.


Check www.bllondon.co.uk for advice on trading also
http://www.businesslink.gov.uk/bdotg/act...
you might be capable of get a visa electron card.


you cannot enjoy a credit card because you have to be over 18 to rightfully have credit.

the visa debit card uses matching system, it is possible for you to go overdrawn using it, which would be illegl, so they wont tolerate you have one of them any.

the electron card uses a different system that effectively debits your picture immediately so you cannot walk overdrawn

How nontoxic is it to post money through the post?

I'm trying to pay this guy put money on in Canada-- but he doesn't enjoy PayPal. I live in the UK-- and am trying to integer out some way to return with the money there. Cheque won't work any. I could possibly get somebody home within canada to send the money- but if I move about through Western Union, it's like 15% and I really don't want to discharge that.


Answers: It's not the mail that's the problem, but that the receiver could claim not to have received your currency. NEVER remit cash to a wholesaler, or anyone else you don't trust implicitly.

Get yourself an international money order! You pay envelope a small surcharge, but you can trace it much as you would do a cheque. Western Union comes with a heftier excise, but is faster as the transaction is electronic.
Safe or not, it's illegal contained by the U.S. Is it legal within Canada? If you send at adjectives, send certified post.

Social warranty #?

i can't find my social security card!! i'm going to going to walk to the social security bureau tomorrow when will they give it to me?? will it be that same daytime??


Answers: no, they will give you a rag showing you applied for a reissue ss card and it will be mailed in 2 weeks (usually comes before then)
I lost mine as long as u can show a goverment photo ID & can prove it is u they will convey you a new card but next to the SAME NUMBER it takes 4-6 wks but is usually in that in 3

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