> In basically all of the western world minors can enter into debt contracts, but are generally not seen as particularly creditworthy.
replyNo, that's not legally permitted in many places. I was under impression that minors can't enter into debt contracts anywhere in EU, but that, too, was an incorrect assumption.
https://fra.europa.eu/en/publication/2017/mapping-minimum-ag...
I grew up in one of these "not under 18 even with parental consent" countries, so that coloured my view of the matter.
I was under the impression they could do it but there was a high chance of a debt like this being unenforceable, so companies don't want to. Or maybe that's another way of saying they can have debts but not debt contracts.
reply>In basically all of the western world minors can enter into debt contracts, but are generally not seen as particularly creditworthy.
replyMinors can't get a credit card in the UK. In fact, it's one of the government approved age verification methods for that exact reason.