The Biblio Bookstore

With an Indian background, Danny Singh was the first in his family to be born and raised in Orlando, Florida; by his mother and grandparents. Danny’s mother, Rita, purchased her own house in 2001, moved in with Danny. She began working longer hours at two jobs, so she could manage all the expenses. Due to the limited availability of Rita, Danny could not be fully dependent upon her. For this reason, in 2003, Rita added Danny, as an authorized user, on her account and gave Danny his first credit card, at the age of 11; thus beginning his financial journey. Danny knew very little about credit cards and only used his credit card; to purchase food, supplies for school, necessities he needed, and gifts for his mom; during his younger years. He would always make sure his credit card was with him in his pocket. Danny admits to purchasing items he always desired, such as, Yu-Gi-Oh Cards, movies, comic books, and candy bars at the gas station, and items kids would want. He loved the spending power of the credit card. Unexpectedly, Rita started becoming increasingly busy on her jobs. She began calling Danny; asking him to open the mail and make sure the credit card bill was getting paid. She expressed; if the credit card bill was paid late, it would ruin her credit. Danny did not know what credit was, but he did not want to see his mother stress. While handling his academic responsibilities; he maintained her credit card, by signing online and using her checking account. As he began reading all of his mother’s mail, although he could not understand everything; interest started provoking him as he began getting involved with other financial aspects of the household. Danny began reading the terms and conditions of the credit cards and the fine print, on the bills. This led him into reading more about credit on the Internet. He started asking his mother, grandfather, or the customer service credit managers; questions or misconceptions he had about credit. Danny began wanting