Toddler Offered Credit CardAired January 28, 2000 - 2:48 p.m. ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT IN ITS FINAL FORM AND MAY BE UPDATED.
ANDRIA HALL, CNN ANCHOR: Credit card companies are always looking for new customers, but maybe they're going just a little too far. As Robin Schwartz from CNN affiliate WJBK in Detroit reports, one company seems to be recruiting customers right out of the playpen.
ROBIN SCHWARTZ, CNN CORRESPONDENT (voice-over): When it comes to racing through the house, 19-month-old Brendan Coss (ph) can certainly charge up a storm.
But give the little guy a credit card, and he's baffled. So is Brendan's mom when Citibank sent this application, offering the toddler his very own account as part of a special promotion.
KRISTEN PASSENO, BRENDAN'S MOM: First of all, I was wondering how they even got his name. And since they have his name, obviously anybody can get it.
SCHWARTZ: He does have a Social Security number, and his credit history is squeaky clean. But how could this happen?
We talked to a former bank president who has a theory.
ARTHUR NITZSCHE, BANKING EXPERT: Perhaps the computer misread the age. Who knows? Maybe instead of 19 months they looked at it and they thought it was 19 years old.
SCHWARTZ: He thinks the error was made by a listing company or a credit-reporting agency. Not that any of that matters to Brendan, who doesn't seem to need a credit card to do his charging.
HALL: And that was Robin Schwartz from CNN affiliate WJBK in Detroit.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
|CLICK HERE FOR TODAY'S TOPICS AND GUESTS|
CLICK HERE FOR CNN PROGRAM SCHEDULES
|Back to the top||
© 2001 Cable News Network. All Rights Reserved.|
Terms under which this service is provided to you.
Read our privacy guidelines.