It's that time of the year when students start heading to or back to college. As they do, parents need to be aware that credit card companies will be right there to meet and greet them.
Unbelievably, credit card companies with offers of easy money bombard college campuses for students. You can find credit card companies marketing themselves on campus with incentives like T-shirts and water bottles in exchange for a completed credit card application. Credit card companies target students because they have a higher earning potential and most times, remain loyal to their first card, said Jeanette Tucker, a family economist at the Louisiana State University AgCenter. According to surveys, the average credit card debt of a graduating college student ranges from $2,300 to $9,000 said Layne McDaniel of Noesis Data, a Baton Rouge , La., firm that offers financial education.
Students certainly don't head off to college with a goal of digging themselves into debt. The idea of re-creating the comforts of home by purchasing computers, cable televisions, cell phones, and new clothes is very enticing. This spending pattern often gets out of hand and students end up having to work more or get too tired to study and others just quit school altogether to pay the bills. Parents aren't always able or willing to dig their children out of debt.
These on campus offers most often than not aren't a good deal for students after the introductory low-interest rate period ends. Studies have shown that that students who get credit at campus promotions have higher unpaid balances than those who don't and often times end up ruining their credit. Good credit is essential when these college students graduate to help get them where they want to go in life. Unfortunately, what was thought to be easy money actually ends up being a hard lesson learned.
-- L. Morse
Labels: application, campusus, college, credit cards, students
1 Comments:-
Help this woman save her home.
I am writing this ad on behalf of a woman who is being threatened with eviction from her home of 10 years. It is a long and painful saga which you will read below. When you hear and are moved to action, please do two things for her. First, send her one dollar and second forward this, to as many people as you know. If this works, and we can reach 183,000 people by the end of the month, collectively we will be responsible for saving her home. First where to mail you dollar
Save Patti’s House
852 Waterloo Drive
Henderson, NV 89002
Her story is in her own words.
My name is Patti; I live in Henderson, Nevada
I need help immediately and this sounds like a God send for me.
Just to tell you about my home - 4 bedroom, 2 baths, formal living room, dining, family room, eat in kitchen, office, laundry room, patio, pool, 2 car garage.. All in a nice, quaint neighborhood and on a dead-end street.
I have lived in my home since February 1998.
About 4 years ago, the following things started to happened and continued.
01. Divorce from husband whom was with mental condition (bi-polar etc) this caused me abuse and I needed to get out for my own safety, health and safety and was encouraged by police, doctors and friends.
02. Double pneumonia, and in hospital a month.
03. While in hospital, large amount of funds stolen from me.
04. Major Brain surgery and in hospital/ rehab for approximately one year.
05 While in hospital, right after major brain surgery, on total life support and considered dead by a doctor, thank God a couple other doctors gave me more time, so I have faith and believe that God had and has many reasons for me to live.
07. Broken neck, 2 places at c-1....Was in hospital and rehab approximately 8 months.
I was told that statistics showed I should have immediately died and or been totally paralyzed.
Now when all this started about 4 years ago, and after my money was taken, my brother-n-law told me not to worry about anything, that he knew I loved my home and due to all the things going on, he wanted to help me by stepping in and buy the house from courts/divorce for $183,000. This is what he did and as I was in belief that I would have place to live in my own home for the rest of my life, but also approached brother-n-law with my goals of also getting healthier/stronger and walking again/etc, was also to buy my home back and get it back into my name, and he agreed that when I could do this, I could get it for the $183,000.
I have diligently been going forward, with a very loving, positive, attitude about life and myself, etc. I had made improvements at my home, such as landscaping, added on office (as my goal to have nice pleasant in-home business, perhaps via computer) I kept up repairs, paid utilities, etc. And working quite a few hours on myself, health, body, for a change..(Which usually I have always just given to other until it hurt and very draining)
Well now, I receive an attorney letter stating I had to be out of my home by 2/29/08..Letter was written 2-13-08 and received 2-14-08, otherwise I would be evicted....So now I am fighting for my home...I need to immediately come up with the $183,000 to give to my brother-n-law...
Sincerely,
Patti
rentersforpatti@yahoo.com
By
robert, at March 2, 2008 9:14 PM
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