Credit Cards and College Students
Just picture that you are 30 years old, but still repaying a slice of pizza that you bought as a college student. Sounds mad, but for numerous people it is likable situation as they have problems with their credit card debt. Getting to know about liable credit card usage today may keep you away from having to find yourself of debt after your graduation.
First, nobody is recommending you to burn your plastic and come back to the Stone Age. In fact, credit cards are an incontestable fact of educational life and there are numerous good reasons for having one. Credit cards provide you with protection for your buys, permit you to shop on the Internet, and give a cushion in emergencies.
When you do not already have got a card, you will have many opportunities to ask for one when you hit campus. Numerous credit card agencies set up tables and booths at the start of the semester, catering such sign-up incentives as water bottles or T-shirts.
Before signing on the dotted line, remember the following facts:
1. Finance charge is the interest charge that can be up to 25 % on the unpaid part of your bill every month.
2. Some agencies charge membership fees from $20 to $100 yearly.
Posted: November 28th, 2008 under How to Avoid Credit Card Scams.
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