COM+156+Final+Essay[1] - Running head: CREDIT CARDS ARE A...

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Running head: CREDIT CARDS ARE A BAD IDEA ON COLLEGE CAMPUSES 1 Credit Cards are a Bad Idea on College Campuses Jonathan Dickerson COM/156 September 11, 2010 Linda S. Troxler
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CREDIT CARDS ARE A BAD IDEA ON COLLEGE CAMPUSES 2 Credit Cards are a Bad Idea on College Campuses What young college student does not need a little extra money for the weekend? What would a person think if they were told they could make some extra cash in just a couple of hours? Now they are talked into meeting on your college campus with a credit agent from Citibank and wind up selling thirty cards to fellow students. Now this might all sound perfectly innocent, but this is a very real incident that happened to a University of Pittsburgh student named Ryan Rhodes three years ago (Silver-Greenberg, 2007). Of those thirty students that signed up for credit cards, no one knows how many of those students are managing the cards they received or the resultant debt that comes along with that. Ryan has done 13,000 dollars worth of damage to his credit and was and maybe still is having a difficult time paying off the debt. He is not the only one in that situation. Students across the country are filling out applications for credit cards on their campuses, and finding out after the fact, the damage done to their credit. They are learning the hard way what the cards are for, and what credit debt means. Students are not being told of the dangers of credit cards consequently, young adults are being caught unawares and thrown head first into the credit trap. Credit cards are damaging to uninitiated students and should not be pedaled anywhere on college campuses. High card payments are one of the first things an unsuspecting student has to contend with. The uninitiated spend with reckless abandon, driving up the monthly payment. When this payment cannot be met, damage to the credit score results. Poor credit scored also raise card payments to levels difficult to pay. Not understanding debt and all the intricacies associated, a student may take out a loan to pay off their credit cards. What they do not realize is that all this
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COM+156+Final+Essay[1] - Running head: CREDIT CARDS ARE A...

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