Parents and guardians play a big role in helping young people become aware and understanding the dangers of using credit cards. Hopefully, by being aware of the risks, these young people can avoid the pitfalls that lead to bad credit and high credit card debt. If you’re a parent or a guardian, here is how you can play your part.
Teach students to watch out for the wrong credit cards. With so many student credit cards offered in the market, students need to be very particular and careful about which credit card they choose. Let them be aware that some advertisements may be just propagandas meant to trick consumers into believing that a credit card is worth owning. Remind them that not all credit cards are the same and some may even take advantage of their inexperience.
Read full article
Resources for Student Credit Cards
Resources for Prepaid Credit Cards
----------------
Now playing: Bobby Gold - How Soon is Now?
via FoxyTunes
Posts
1 comments:
These are some pretty good tips that students should keep in mind when they want to avail the services of a credit card company.
Another helpful tip that college students is that If you pay less than the total amount due, you will be charged interest on your next bill. Even though the credit card company holds you in higher esteem than one of your high school peers who didn’t go on to college, they still regard you as a rather risky proposition - which means you’ll probably be paying a very high interest rate. If you only pay the minimum due on a card with a high interest rate, it could take you several years to pay off even a modest amount of debt.
Post a Comment