By Steve Rosen
From Tribune Content Agency
Your teen had a great time using his credit card on holiday shopping sprees, so much so that he spent to the max and now can’t pay the tab that is due.
This is a reality check right to the wallet for mom and dad. That’s because the legal fine print in most of these types of situations says the parents will be responsible for repaying the debt, along with interest and late fees if their child can’t repay it.
There are three common ways that children generally under age 21 can get a credit card, and two of them come with “buyer bewares” for parents….