June 23, 2011
Studies show that most college students apply for their first credit card during their freshmen year, and the average amount of credit card debt maintained by a college student is approximately $3000. read more…
November 17, 2010
As a college student with a fresh credit slate, being approved for a credit card is often surprisingly easy. In fact, for a young adult the temptation to apply for a credit card is never greater than their first year on campus. However, it’s important for students to understand how credit cards should be used and what the dangers are of using them incorrectly. The following information outlines the four most beneficial and responsible uses for student credit cards.
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October 25, 2010
The majority of college students who apply for a credit card for the first time are in their freshman year. Many of them don’t even have a checking account, and lack fundamental skills in money management. This is why studies have shown that a large percentage of the country’s credit card debt is attributed to young and/or first-time cardholders.
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October 21, 2010
Due to the staggering amount of credit card debt in the U.S., many people have been reluctant to apply for a new card, and parents in particular are warning their college-aged children about the possible woes of credit card misuse. This is not surprising considering the seemingly unfair terms that govern many college credit cards. Even so, there are some cards that may actually give the student some extra financial help in difficult times, without charging exorbitant rates or unexpected fees. The following information outlines some of the reasons to choose a college credit card.
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September 15, 2010
Most fully mature adults have experienced some form of debt in their life, and this is by no means considered abnormal. Even so, dealing with debt as an adult is just as difficult as dealing with it during the college years, and some people never escape credit card debt. In the last decade, this pattern has transferred from being seen in middle aged adults, to being an epidemic amongst young adults with student credit cards.
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