Why College Students Should Not Have Credit Cards
In today’s society, credit cards are an imminent structure of the economy. The
process is initiated at the entrance of college in which credit card companies notoriously
target college students. Applications are mailed almost immediately at the ripe age of eight-teen,
and presented all over college campuses. Under customary credit requirements, most students
would be denied credit due to no credit history or minimal or no income. The anticipation of
shopping for what you desire and not having to pay the bill right away is used to entice many of
us. Every day college students are being supplied with credit cards for the simple fact that they are
new teenagers about to start college. The following will affirm the hazards of credit cards being
provided to college students.
Imagine being 30 years old and still paying a pair off a pair of jeans you bought back in
college. I’m sure it sounds ridiculous, but this is a scenario credit card debt can create. Learning
to use credit cards responsibly can save thousands of us from having to dig out of debt after
graduation. It will also prevent from having a bad credit history in the future that will affect
other things we may want to do like obtaining a job or buying a house. Remember, the loans that
we take out for college have to be paid back after graduation. Now add on a hefty credit card bill
to that amount, and you will find yourself in an extremely difficult situation financially. Credit cards
should be used as an alternative tool for purchases. If food, clothing, or books
is needed, charge it. Unfortunately, credit cards are not that evident.
Once approved for credit, there is a limit of course, based upon yearly income. It may seem like a good
idea for new students that don’t have enough funds to pay for college necessities right away, but credit
cards become abused and leads to...