tag:blogger.com,1999:blog-7332340.post115988507265349769..comments2024-02-28T05:22:35.956-05:00Comments on FinanceProfessor.com: USATODAY.com - Easy credit can mean long-term hardship for college studentsFinanceProfessorhttp://www.blogger.com/profile/05948754590238007311noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7332340.post-1162220136363764302006-10-30T09:55:00.000-05:002006-10-30T09:55:00.000-05:00http://money.cnn.com/2006/05/01/pf/college/reverse...http://money.cnn.com/2006/05/01/pf/college/reverse_dowry/index.htm?postversion=2006050211Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7332340.post-1161441176171387782006-10-21T10:32:00.000-04:002006-10-21T10:32:00.000-04:00http://www.cbsnews.com/stories/2006/10/20/opinion/...http://www.cbsnews.com/stories/2006/10/20/opinion/main2111474.shtmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7332340.post-1160421312757825392006-10-09T15:15:00.000-04:002006-10-09T15:15:00.000-04:00The sub-prime market – usually defined as lending ...The sub-prime market – usually defined as lending to people below a certain FICO band - is not very profitable. The college market is not very profitable. Gramlich is correct in highlighting the increases in sub-prime lending over the last ten years, recognizing the increased sophistication in risk modeling, and “welcoming” the increases in home-ownership and other benefits associated with Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7332340.post-1160372966231314682006-10-09T01:49:00.000-04:002006-10-09T01:49:00.000-04:00Whoa...First I was not in favor of blocking credit...Whoa...First I was not in favor of blocking credit card companies from signing up 18 year olds. I said I was torn. <BR/><BR/>"Torn" as in "I can understand and appreciate each side of the argument."<BR/><BR/>I do stand by my comment that age is a poor proxy for maturity. I am sure, and you stated the same, that companies use better metrics than just age to differentiate. So good job. :) <BR/>FinanceProfessorhttps://www.blogger.com/profile/05948754590238007311noreply@blogger.comtag:blogger.com,1999:blog-7332340.post-1160162254278755992006-10-06T15:17:00.000-04:002006-10-06T15:17:00.000-04:00I wrote the previous entry, and I'm a risk manager...I wrote the previous entry, and I'm a risk manager for a major credit card company. In other words, my job is to differentiate between risks - defined as the probability of "charging off" or not paying your credit card bill. Risk models - primarily logistic regressions - are used to differentiate risks and things like GPA, major, school, etc. are entered into those models which work quite well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7332340.post-1160149330470380552006-10-06T11:42:00.000-04:002006-10-06T11:42:00.000-04:00I agree in principle that if 18 year olds are adul...I agree in principle that if 18 year olds are adults, then they are ready for credit cards.<BR/><BR/>The reason I am torn is that I am not sure if 18 year olds are adults. Age is a poor proxy for maturity. <BR/><BR/>I have seen too many make very bad decisions that they are then stuck with (and of course this does open the question of whether military commitments should be allowed at 18 as FinanceProfessorhttps://www.blogger.com/profile/05948754590238007311noreply@blogger.comtag:blogger.com,1999:blog-7332340.post-1160071626437222122006-10-05T14:07:00.000-04:002006-10-05T14:07:00.000-04:00"Old enough to Kill, but not for Charging ..." ..."Old enough to Kill, but not for Charging ..." <BR/><BR/>Let me get this straight: 18 year olds are "not ready" for credit cards, so 12 states banned them from college campuses. These same 18 year olds, who are too immature to control their credit card bills, are fully capable of fighting wars halfway around the world and killing and dying? Did New York and California ban elistment for 18 Anonymousnoreply@blogger.com