A couple years ago there was an article in the local paper about how outrageous credit card debt is among college students. The article reported that my alama mater no longer allows credit card companies to solicit on campus. The companies were paying organizations to get people to fill out their applications, a commission kind of thing for whatever number they could process and approve. I was pleased to see this was stopped.
I got my first major credit card my sophomore year (spring '88) and used it wisely for about a year. To make a long story short, it's only been paid off about two years.
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