cardcomparevalue的部落格

College campuses tend to be swamped by credit card issuers trying to get students to register for credit credit cards. Whether the college kids require it or not, the credit card issuers dangle freebies as well as incentives to encourage them to sign. College kids give in to temptation easily and register without thinking long-term. They are gentle targets for the credit card issuers. The fact is that many college students don't need credit cards. I went via college never requiring one. I understand times have transformed, but the basic facts haven't. The only period I needed credit cards was when I was employed by a company as well as had to get a company trip. So my first charge card came almost 12 months after I was working which too due to a "need". College kids possess a pressing "need' to possess a credit card. Since it is they have hardly any money. To dangle more money before them is requesting trouble. Obviously, they will overspend because there's much less considered to long term and much more to instant enjoyment. Life's realities haven't yet taken hold plus they think the party goes on for actually. Most college kids honestly think that credit card cash is "free money". Genuinely, college kids really are a very 'high risk' team. Then why are credit card issuers targeting them? Several factors. Not only are university students gullible but they realize that young people often run up huge bills quickly. If the university student cannot pay then the credit card issuers know that they are able to go after their own parents, who tend to be more than happy to assist because it is the youngster after all that's in trouble. It is this particular indirect assault on parent's budget that credit card issuers are counting upon. And they also love the truth that college students may hide the bad news so long as they can, thereby running upward huge finance charges along with other fees. A win-win situation for credit card issuers. They love the consumer who stays without regard as well as runs up LARGE fees. What more could they request? Why do university campuses allow credit card issuers to prey on university students? Simple answer 'easy money' & 'greed'. College campuses forget that they're educators. It seems when credit card issuers come calling using their lure of large advertising money, most campuses surrender as harmless endeavor. After all, it does not affect the university funds; and the colleges use it 'personal responsibility'. I think most campuses is going to be better served through guarding their university students from credit card issuers. It is training several bad lessons towards the students. For 1, the campus greed to promote money from credit card issuers teaches the college student that 'greed' whatever it takes is good. Once they get access to credit cards, it teaches the actual student that becoming reckless spenders is within style. Both are extremely bad precedents. If campuses provide access to credit card issuers then they should require these phones fund 'responsible spending' courses where they train the students the numerous perils of charge card abuse. Teach then that not every credit cards are made equal and if they need to have one then how you can compare. How to check on the fine printing? How to take a look at comparison tables such as the one at 'Look upward Credit Cards' us dot com? How to assess which charge card suits them as well as costs them the least over time? That it isn't 'free money' but offering your future cost savings. Freedom has a cost. The credit greeting card companies should be asked to fund teaching the school students the 'freedom of getting credit cards' and how you can act smartly. In the end, the habits they develop at college are likely to stay with them for a long period. And it is actually time we help the school students get the best education! Bob Youngtwo creates for http: //www. Switchemail. com He is able to be reached from administrator at http: //www. Switchemail. com View this post on my blog: http://cardcompare.valuegov.com/do-college-kids-need-credit-cards/