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Credit cards for college students? #557832 10/21/09 11:40 AM
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Cheryl-Colleges Offline OP
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The Feds have proposed new Federal Proposed Guidelines for Credit Cards guidelines for credit card marketing to college students.

Take a look.


Cheryl Lynne Likins, M.A.
Re: Credit cards for college students? [Re: Cheryl-Colleges] #557973 10/21/09 11:13 PM
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Lady J Offline
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it's about time! I went almost 300K in debt because of the 21 credit cards I was able to get when i started college at 18. I was young and dumb and truly didn't fully understand what i was getting myself into.


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Re: Credit cards for college students? [Re: Lady J] #557976 10/21/09 11:32 PM
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Cheryl-Colleges Offline OP
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I hear you, Jase. The thing about it is many college students are just taking classes full-time and not working. How do the credit card companies think they can pay off a few grand while they're in school?

I also think that it is really difficult for students to say no. They probably figure that the cc companies wouldn't give it to them if they believed the students couldn't pay it off (or their parents).


Cheryl Lynne Likins, M.A.
Re: Credit cards for college students? [Re: Cheryl-Colleges] #557980 10/22/09 12:43 AM
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Lady J Offline
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And then the students don't realize they will get all these fees that compound. And just becase the credit card company stops callinhg them and complaining, doesn't mean the fees stop. Some even have daily fees adfter so long and then they sell off your debt and those companies add fees and so forth.


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Re: Credit cards for college students? [Re: Lady J] #562049 11/05/09 06:52 AM
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hermosotrozo1 Offline
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I think this is really common! i have seen most of the students facing this problem, which may seem as a problem to us, really helps us in organizing at a very young age

Re: Credit cards for college students? [Re: hermosotrozo1] #562434 11/06/09 11:57 AM
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Cheryl-Colleges Offline OP
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I hear you. If students want to apply for a credit card, then as long as they have income to pay for it I think that they have the right to do it.

My concern is that sometimes these companies come on campus, set up nice displays, offer incentives and get students to sign up without a care about how they will pay for it.

They can get in over their heads and start things off after graduation having to deal with it.

-----

That said, if any of you know of some companies that have good student credit card programs, then feel free to share them with all of us.

Thanks for your post!


Cheryl Lynne Likins, M.A.
Re: Credit cards for college students? [Re: Cheryl-Colleges] #575872 01/06/10 03:47 AM
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Yellow Venus Offline
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Financial system should be regulated more than it is now. Whole mess began with loose regulation of George W Bush. (although there was an economically good time during George W Bush.) Obama administration seems to be working hard to overhaul financial system.

Re: Credit cards for college students? [Re: Yellow Venus] #595569 04/13/10 10:18 AM
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William Parkar Offline
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Financial system should be regulated more than it is now. Whole mess began with loose regulation of George W Bush. (although there was an economically good time during George W Bush.) Obama administration seems to be working hard to overhaul financial system. [url=http://www.flashpapers.com]Term Papers[/url]

Last edited by William Parkar; 04/13/10 10:19 AM.

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