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Some of you have mentioned that you wish they would limit the amount of credit that is given to college students. I understand where you're coming from, but it's important to remember that not everyone goes to college. A 20 yr. old junior in college may not need that credit card to buy herself a hot new outfit or a stereo- but there's lots of 20 year olds out there married with babies who use credit to buy themselves a washer and a dryer, you know? I started thinking about this when I moved into an apartment. I got a Sears card because it had low interest and I purchased a TV. However, they gave me an UNGODLY amount of credit- my momma was like, "Uh, what in the world would you be buying at Sears at your age that costs that much?"
I think there should be more education about credit, though. I am no stranger to debt, but at least I knew what I was getting myself into. Many people come to school and sign up for those free Tshirts and don't know what they are doing!
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phi mu
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