College Credit Card Debt, What Parents Need To Do

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Evelyn

College Credit Card Debt, What Parents Need To Do

Posted on Classifieds for MySpace - 3 weeks ago

Category:: Help with Credit

Location:: Clearwater, FL

Features & Description

College Credit Card Debt, What Parents Need To Do
College credit card debt is a fact of life. Some think it's an easy way to buy books and groceries, not knowing they may compromise their future. So what do parents have to do? Before college and when students are mature enough to understand personal finances, they could co-sign a credit card with no annual fees but with low interest and limit. Talk to the student the details like interest rate on cash advances and items bought. Each month, discuss the expenses on the statement showing what penalties and fees could apply if it's not paid in full. Show how to do it by being a good role model. There's more information on college credit card debt at the site below but sign up first at the top of the page if you want to receive free alerts and tips and/or a newsletter called "Earn Money Today" delivered right into your email inbox.

For more information, please visit this site:

http://www.debtchallenges.com/collegecreditcarddebt.html

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