My freshman year I racked up over $10,000 in credit card debt (hello spring break). Because of it my credit was trashed and I had to leave school for over a year in order to pay the cards off...
It was horrible, but I was ultimately responsible for my mistake. The credit card companies are doing what credit card companies do (and any company for that matter), making money. It is a shame that college students are targeted, however, blaming the credit card companies isn't right... we alone are responsible for our decisions in life. Visa didnt force me to buy tickets on a cruise, and MasterCard didnt force me to purchase a new wardrobe everytime the weather changed; I made that choice and had to live with it.
I think that, not only colleges, but parents/gaurdians should educate those new to college about credit, debt, and personal responsibility. Perhaps a session in orientation could be devoted to the cause.. "Personal Finance"
What do yall think?
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Faced with the Divine, I was asked; "What one gift do you seek?"
I answered ever so meekly; "I seek Honor, Truth, Integrity, and Wisdom, yet those are four. How am I to choose?"
The answer came as a pounding whisper; "The four you seek are but one. I grant thee Compassion; for without it the four make none."
Author - me
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