January 17, 2009
How to Avoid Future Debt or Bankruptcy as a College Student
College is undeniably one of the most carefree and enjoyable times in a person0s life. It signifies the end of one0s childhood and the beginning of one0s adulthood. However, with so much personal freedom comes substantial financial responsibility 0 and many students are overwhelmed with this type of economic flexibility. The combination of a student0s newfound independence and lack of pecuniary knowledge can negatively affect his or her credit history years later 0 and possibly place them in debt or bankruptcy. It is imperative that college students learn to live on a small budget. This will help them develop healthy spending habits that will stick with them for life.
Sign up for one credit card that you can use for emergency situations only 0 and no, late night pizza binges are not emergencies. The credit card business can be tricky. A credit agency often relies on the irresponsible and frivolous spending habits of college students to make money. Free online consumer counseling services like Advantage CCCS suggest doing some research and shopping around for a card with the lowest interest rate. Many
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