July 29, 2010

Are College Student Credit Cards a Nightmare Waiting to Happen?

If you have ever set foot on a college campus, you know that applications for college student credit cards can be found around every corner. In fact, the sheer abundance of them leads many students to believe that these cards are a normal, everyday part of student life. Before you go jumping onto the plastic bandwagon, however, there are a few things you need to consider…They’re Not Your FriendsThe companies offering college student credit cards are not your friends, and they’re definitely not your guidance counselor. Remember, any advice given by these companies or any information distributed by them will be provided with a slant.These companies have one goal in mind — and that’s making money. The more money they make off of you, the better. Sure, they want you to be a responsible card holder and they want you to pay your bills on time, but they also want you to rack up debt so you can pay interest over the years. You need to keep that in mind when considering any student credit card offers.You Have To Pay Them NowUnlike your student loans, you have to pay your college student credit cards off while you’re in school. Student […]

Full Article At: KnowHow-Now.com Articles

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