Credit Card News

Children boosting parents' credit card debt

15-04-10, 01:24 in Credit Card News
Children boosting parents' credit card debt
Parents who allow their children to use their credit card details online have been warned to keep an eye on their youngsters, after one racked up a £900 bill on a Facebook game.

The anonymous woman revealed that her 12-year-old son had spent all the money playing FarmVille, which allows users to purchase 'coins' for the game using real cash, which could have plunged the unlucky mother into credit card debt.

According to Debt Management Today, it is becoming increasingly easy to shop on the internet and generous parents who give their child free reign with a credit card could end up with a nasty surprise.

"For over-generous parents, financial experts have advised the age-old classic 'just say no' technique, and to just transfer money across to their children's accounts as and when they need it - with the emphasis being on need, rather than want," the site said.

The Consumer Credit Counselling Service recently claimed that it has advised more than 2,500 people who are 25 years of age or under to consider debt relief orders since their introduction in April of last year.

Posted by Gemma Walker.ADNFCR-2660-ID-19722984-ADNFCR

Apply now for a Vanquis Visa Card

We have helped over 1 million people get the credit they deserve

  • Choose your card design: Blueberry, Lime or Cherry.
  • 24/7 Fraud Watch
  • A UK Customer Service call centre
Find out more Apply now
Representative 39.9% APR (variable)
Apply now for your Blueberry, Cherry or Lime Vanquis Credit Card