Parents should monitor spending and explain how to pay the bill on time. A financial planner says teenagers should get a card. “We live in a credit-driven society.” Source: NYT > Business – Ann Carrns
‘Take It Like a Gift’: Chase Erases Canadian Credit Card Debts
JPMorgan Chase made the unusual choice to forgive customers’ balances as it exits the credit card business in Canada. Source: NYT > Business – Stacy Cowley
Russians Pulling Out Credit Cards, and Consumer Debt Spirals
Russians with little experience with debt are relying on easy credit and payday lenders. Now the central bank is trying to cool the lending market. Source: NYT > Business – Andrew E. Kramer
Bad Times in Tech? Not if You’re a Start-Up Serving Other Start-Ups
Meet the two Stanford dropouts, both 23, who run Brex, which provides charge cards to start-ups. Its growth is a sign of Silicon Valley’s unflagging exuberance. Source: NYT > Business – Erin Griffith
The Airport Lounge Is Much Improved, if You Can Squeeze In
Lounges used to be a quiet place to get some work done. Now they’re offering better food and more services, and might just be victims of their own success. Source: NYT > Business – Julie Weed
How to Manage Your Credit Card Bills, Which Experts Say Are Late More Often
There are way to get help: Start by contacting your card companies to ask about an interest-rate cut or lower minimum. Source: NYT > Business – Ann Carrns