However, the Internet Age has allowed a new frontier of 
lenders to come into the scene. Tip: If you are a teenager, it is important to 
understand that once your name is on a credit card 
or debit card, you are beginning to build up a credit history that 
will follow you for decades. These citizens are deemed as high risk 
borrowers and most of the banks or financial institutes 
are hesitant to lend them money.