Evolving Personal Finance » Entries tagged with "SAHPs"

Why Do Stay-at-Home Parents Need Their Own Credit Cards?

Why Do Stay-at-Home Parents Need Their Own Credit Cards?

I read an article last week on CNN Money with a premise that I found absolutely ridiculous.  The article covered a group of stay-at-home moms (parents?) who were protesting a portion of the Card Act that requires that credit issuers evaluate a credit applicant based on his/her individual income instead of household income.  The result was that some stay-at-home parents with good credit scores have been denied credit cards when they applied for them in … Read entire article »

Filed under: credit cards, income, marriage