Quote:
Originally Posted by KDAngel
I liked the credit card thing in theory. I don't think young people see the dangers of them enough and I hope it comes back to bite her at some point to show that lesson.
I had a sister who got into a heap of debt but not using one wisely and I think it's a very real issue for college students. Heck, it seems to be an American problem as proved by our housing/mortgage situation in this country.
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Yes, credit card companies work exactly like that, they offered free pizza for signing up here last year, and I drove by and there was a ton of people out there signing up. It's definitely a problem, people are naive, they are like oh credit card, but then, its oh shit i have $3000 on a credit card with 18% interest, if your are late on a payment then it defaults to 26% those are big numbers.
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