0
No, Usually credit is extended to an individual 18 years or older.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Are parents responsible for debts their 17-year-old has accrued after they moved out of their parents' home in the state of Michigan?
If this debt is from a loan or credit card they obtained while under age 18 the lending institution is at fault for granting the credit. If the debt is owed by a parent then you still owe it.
Can a 17 year old get a credit card in the UK?
you have to be 18 years old to get a credit card that's if you sign for he or her
Will a bad credit mark at 17-years-old affect your credit rating at 18-years-old in Florida?
In most places a 17-year-old can't have a credit rating, since they are not old enough to contract in order to create one.
As a 17 year old can i get a loan?
Yes as a 17 year old you may get a loan from your local bank. The chance they will approve the loan however depends on your credit score.
Where can i Get a credit card at 17 years old?
No one in their right mind will give you a credit card if you are a 17 year old. It is against the law for a minor to enter into a legal contract or agreement, such as a credit card agreement.that is true you have to be atleast 21 and you have to have some kind of job
Can a debt be collected after 17 years?
In the United States, the statute of limitations on collecting a debt varies by state but typically ranges from 3 to 10 years. After this period, the creditor may no longer legally sue you for the debt, but they can still attempt to collect it through other means like contacting you for payment. It's important to check your state's specific laws on debt collection for accurate information.
Is a 17 yr old responsible for a credit card he lied on his age to get?
No he is not responsible for the debt as a 17 year old cannot enter into a legally binding contract. However, he would be responsible for the fraud.
Are parents responsible for debts their 17-year-old has accrued after they moved out of their parents' home in the state of Michigan?
If this debt is from a loan or credit card they obtained while under age 18 the lending institution is at fault for granting the credit. If the debt is owed by a parent then you still owe it.
Can a 17 year old get a credit card in the UK?
you have to be 18 years old to get a credit card that's if you sign for he or her
Will a bad credit mark at 17-years-old affect your credit rating at 18-years-old in Florida?
In most places a 17-year-old can't have a credit rating, since they are not old enough to contract in order to create one.
As a 17 year old can i get a loan?
Yes as a 17 year old you may get a loan from your local bank. The chance they will approve the loan however depends on your credit score.
Where can i Get a credit card at 17 years old?
No one in their right mind will give you a credit card if you are a 17 year old. It is against the law for a minor to enter into a legal contract or agreement, such as a credit card agreement.that is true you have to be atleast 21 and you have to have some kind of job
How old is a 17 year old?
A 17 year old is 17 years old.
Can a 17 year old buy a car on credit?
not in the state of Texas because you have to be 18 to legally sign into a contract
Do you need to repay a 17-year-old debt?
Three questions for you... 1. Did you incur the debt 17 years ago? 2. Do YOU really owe this debt to someone? 3. If someone owed you money from 17 years ago, would YOU want THEM to pay YOU back? If you can honestly answer these questions, you have your answer. Pay your debts. You are the only one who can.
Is eighteen or twenty-one legal age for debt?
In most places, the legal age to enter into a contract, including taking on debt, is typically 18. However, certain types of debt, such as credit cards, may require you to be 21 due to the Credit CARD Act of 2009. It's important to check the specific laws in your location.
Does a 17 year old's credit rating increase if he cosigns a credit card with a parent. Does it matter if he is primary or the cosigner?
From what I understand any credit activities on a minor's name is illegal. You must be 18 to establish credit.
