Com 156 Final Paper

Com 156 Final Paper - Having credit card companies on...

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Having credit card companies on college campuses is getting our young students into debt even though they don’t understand what their getting into . “Stop, I have the deal of a lifetime for you.” These are the words I heard as I walked onto my college campus. It was the Citibank credit card employees trying to sign me up to get a card. They had a big table blocking the entrance to the gymnasium where we had to register for classes. I was 18 and I never had a card before. It was exciting to me at the time. Just think, I would be able to go out a whip out a credit card to pay for things just like my dad did. I didn’t even know about credit or interest rates and at the time I didn’t care. I ended up getting a credit card from Citibank and before I knew it I was $1500 in debt. I took all of my friends out to show them what it is to be a big man on campus with a credit card. After I paid it off years later I always wondered why they allowed credit card companies to prey on college freshman that have just left home and are now learning the way of life. I ended up paying $2100 dollars to Citibank. It was a quick and swift lesson in money management and one that I have never forgotten. There Many freshman come to college to get an education. Instead they get a lesson in how to get into debt. They have tables lined up all over campus with t-shirts and
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This note was uploaded on 03/29/2011 for the course COM 156 taught by Professor Hampton during the Spring '10 term at University of Phoenix.

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Com 156 Final Paper - Having credit card companies on...

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