Plastic instead of paper: fast track to early debt
Credit cards offer college students the ability to purchase items without having money available. Although credit cards can be convenient many young adults do not realize the effect credit card debt can have on their entire life.
"Credit mistakes made early in life may follow a card holder for many years, through their credit reports, and have an adverse effect on a cardholder's ability to obtain auto loans, mortgages or other forms of consumer credit," Stephen Lightcap Vice President for finance and administration, said.