I think this crew is of the “I can’t be broke; I still have checks” school of thought.
Before Timmy is 18,he’ll be $20,000.00 in debt.No they won’t be paying it off,why should they? After all it is in his name.
Dale qualified for an oil company card with a $250 limit (which he diligently maintains as his balance by paying only the interest), 29% interest, a $100 application fee, a &75 annual fee and a $25 a month service fee. But it’s good for junk food from branded convenience stores, so it takes care of his essentials. He hauls it out at restaurants and berates the staff for not accepting it. If we didn’t know Timmy became part of this family by being switched at birth, we’d expect him to spend like a demon and tell the card company to stuff it, because he can’t legally incur debt at 12.
I think the parents would be responsible for his debts…
Don’t get too excited. My dog got his own pharmacy card after I filled a prescription for him. Came addressed to "Mr. Range [our last name]. He was so excited I had to make pockets for him to wear so he could carry it around. (Part of this is true; I’ll leave it to you to figure out what.) ;-)
I remember a Simpsons episode where Bart filled out a credit card application for Santa’s Little Helper (the family dog) and the company sent him a card in the name of Santoes L. Helper.