Now, All He Needs Is Swipe That Ever Powerful Credit Card To Get What He Wants

Category: Finance, Credit.

Going to college is a fantastic 4- years experience that one will remember for the rest of his life. With this credit card, he can spend on things he wouldn t have been able to had he not had the credit card.

During this period, most students will apply and get at least one credit card for himself. In the past, he is limited to the amount of cash he can carry in his wallet. Usually what happens is that as time passes and a college student gets older, his debt gets bigger as well. Now, all he needs is swipe that ever powerful credit card to get what he wants. Nevertheless, this condition is not totally hopeless. The very first credit card of a college student is usually the starting point of debt accumulation.

He can still turn things around if the situation can be controlled again. However, by educating him of the dangers and traps of credit card debts, we can help prevent him from falling into the credit card debt pitfall. Luckily, since most college student credit cards limits are relatively still small, it is most likely that their college credit card debts are still lower than that of working adults. Most credit card companies first tactic is to offer college students credit cards that have a very low introductory interest rate. To solve the problem of college credit card debt, we must teach the students well. They need to realize that swiping now does not mean they don t have to pay. They must understand that if they swipe their credit cards today, they have to pay it at a later time.

They must learn to take responsibility for their own actions. We can instill this fear in them so that they will think twice the next time they want to use their credit cards. In order to deter college students from engaging in credit card debts, we can tell them real stories where people have taken their own lives because they were unable to pay off their debts. Today, about 80% of college students own least one credit card and approximately 20% of college students have credit card debts as high as US$ 700Can you imagine a college student with no income with debts as high as this? In today s society, people as young as 18 years of age have credit cards. Another disadvantage of being involved in college credit card debt is that when college graduates venture into the corporate world, many will be shocked to realize that potential employers actually do make background checks on their credit histories. They must be educated properly so that they can escape the credit card debt trap.

If not, their bright future will be destroyed.

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