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Slacker and Steve - OPP: Son’s Credit Card Debt (Audio)

June 20, 2016

Today's OPP is from Kristie:

 

Yi! My son got himself into a boatload of credit card debt. He is in college and doesn’t have a great job and there’s no way he is going to be able to pay it off. The interest rates are going to eat him alive. I feel terrible and I want to help him pay it off so it doesn’t ruin his credit for the rest of his life. My husband says we have to let him learn responsibility on his own but I feel like this is our fault for not teaching him to be better with his money. Would you help him pay it off or learn his lesson on his own? –Kristie

 

If you were in Kristie’s position, would you help your child pay off their immense credit card debt or let them learn their lesson? 

Slacker and Steve - OPP-Son's Credit Card Debt 6/20

Kristie's son got himself into a massive amount of credit card debt. He is in college, doesn't have a good job and Kristie knows he won't be able to pay off his debts. She wants to help him and his credit, but her husband thinks their son needs to learn a lesson and pay it off himself. Learn a lesson or get bailed out?