Training needed before applying for credit cards

I tell young people that obtaining their first credit card, in their name, is just like buying a gun. This comparison always brings a puzzled look. They can’t make the connection!
No one should own or even handle a pistol or long gun such as a shotgun or rifle without safety training. No one should carry [...]

College Students Falling Into Credit Card Debt

They come to college with new backpacks, new books, and now new credit cards ready to be used. More and more college students are finding their mail boxes flooded with credit card offers, some students say they even receive as many as five offers every week.

Give Your Careless Teen Some Credit

Every high school senior needs a brand-new, red hot, supercharged Mustang convertible and a credit card.
Catch your breath, parents. I’m kidding about the car. But you’re not off the hook, because I’m not kidding about the credit card.

University Students: Getting Suckered in with Credit Cards

Every University student knows they should have a credit card. You have to have a second form of ID on many financial transactions. You have to have one to establish good credit. And, the more you use them, the more you will accrue bonus points toward cash, mileage credits and various “free gifts”.  P.T. Barnum [...]

Teach college-bound teens how to handle finances

Young people heading off to college for the first time this fall will face a host of new challenges and opportunities, including the joys and temptations of handling credit cards.
In recent years, credit card companies have increasingly been soliciting college students. According to the Nellie Mae student loan organization, the average freshman with no debt [...]

Credit-card ‘freebies’ aren’t worth the hidden costs

As most students are aware, there is more to traveling through campus than just walking from class to class. All along the way lie various distractions in the form of postings on bulletin boards, street preachers condemning us to hell, and even the wonderful hot-dog stand outside of White Hall.
While many of these distractions are [...]

College-age children will find it tougher to qualify for credit

FOR YEARS, parents have been adding the names of their college-age children to their credit cards as a way to help boost the child’s credit score. Starting in September, that practice will no longer result in the child getting a financial head start in the world of credit. “For college students, it’s a big deal,” [...]

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