Credit Cards and the College Student
Let's say your daughter has just finished high school and is entering college this fall. She is book smart, has good grades, learned about not smoking, drugs, and dating all through her experiences in high school and your good examples and guidance.
Is she ready for what's up ahead? The answer to that is probably not. One of the ever-increasing pitfalls college students find themselves in is the ever-increasing ease and availability of credit cards lenders. And what student can resist the easy lets go shopping now and pay later terms credit card companies offer.
With credit card companies to issuing college students with credit card plans. It's easy for a student to rack up her bills today and be unable to pay tomorrow after college. When considering student loan payments, rent, car loans all thrown into the mix, which can easily lead to years of bad credit, high interest rates or even bankruptcy.
What should you do as a parent? Well you can't save your daughter from everything and credit card use us so common and prevalent in our society. It may be a good idea to teach them the proper use of credit much like everything else. Its hoard to find someone with a good credit history without at least one credit card in their wallet.
|
