Archive for March, 2008

Tips for the First Time Credit Users

College students are a huge market for credit card companies. Students need to build their credit history and getting a student credit card is one of the easiest ways to do so. Are you planning on applying for a student credit card too? Do you already have a credit card in your name? Whether you’re a student or a first time credit card holder, let this article give you some tips on how you can use your credit to your most benefit.

Read your credit card agreement. In reality, not many credit card applicants take the time to read their credit cards’ Terms and Conditions in full. As a first time credit card applicant, make it a habit to read the fine print before signing up for anything. Why is it crucial to read the fine print? Because the true costs of your credit card are disclosed here. What you see in the ads are only the best features of the credit card, the actual conditions are explained in the Agreement and it is up to you to find out. Read more…

Student Credit Repair Guide

It is not an unknown fact that pursuing a college education is three times more costly than graduating from high school. But the more alarming fact is that most college students graduate each year with unpaid credit card debts amounting to about $13,300 on an average, that doesn’t include their student loan debts! If you’re a college student, surely you should be more conscious about the status of your credit.

But what if you do find yourself incurring student credit debt that you can barely keep up with? What can you do to straighten out the situation? Is there a credit repair guide that can help you get out of this situation on your own? In this article, let’s focus on the steps that you can do yourself to get out of credit card debt. Read more…

The College Students Guide To Using Credit Cards Wisely

We have already discussed the benefits of owning a student credit card as well as the factors to consider when choosing student credit cards. But apart from the advantages of college student credit cards, let us also consider the dangers associated with the misuse of credit cards.

Parents and guardians play a big role in helping young people become aware and understanding the dangers of using credit cards. Hopefully, by being aware of the risks, these young people can avoid the pitfalls that lead to bad credit and high credit card debt. If you’re a parent or a guardian, here is how you can play your part.

Teach students to watch out for the wrong credit cards. With so many student credit cards offered in the market, students need to be very particular and careful about which credit card they choose. Let them be aware that some advertisements may be just propagandas meant to trick consumers into believing that a credit card is worth owning. Remind them that not all credit cards are the same and some may even take advantage of their inexperience. Read more…