COLLEGE STUDENTS NEED TO UNDERSTAND CREDIT BEFORE GETTING CREDIT CARD
Heading off to college is both a time of excitement and nervousness. College is a new level of independence you may not have experienced in high school. In many ways, you are free to make your own decisions, to explore new aspects of life and to establish your own financial freedom.
As a new college student, you will be inundated with credit card offers. Some students consider getting their first credit card a rite of passage. It can be a sign of your financial independence and a useful tool in establishing your credit. However, be mindful of credit cards and their consequences. It is far too easy to fall into the credit card trap which can ruin your credit for a long time.
Having a credit card can be very beneficial, but it comes with great responsibility. Credit cards have the potential to set you up with a strong financial foundation for
the future or steer you down a path of never-ending debt.
Understanding what good credit means to your financial world is as important as maintaining a strong GPA for your academic world. How you manage your credit can determine your future financial situation.
MoneyWise
COLLEGE