The supply of credit, credit cards, hire agreements and loans is strictly regulated.
A person under the age of 18 has no capacity to enter into a credit agreement, hire agreement, credit card or loan. The effect of this is that the debt is strictly unenforceable. For obvious reasons, therefore, credit and hire companies go to significant lengths to avoid entering into any agreements with any person under the age of 18.
It is also an offence to market credit facilities to persons under the age of 18, although as a result of case law, this provision is now practically unenforceable.