The Negative Impact on College Students with Credit Cards

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The Negative Impact on College Students with Credit Cards
To have credit card debt as a adult with a stable job is one thing but to be a struggling college student with it is another. Credit card debit now has a major effect on college campuses as well. A lot of students are able to take care of credit cards well while most end up in a lot of debt. The main reason for this is because the student’s aren’t given enough knowledge on paying their debt on time as well as the credit card companies that harass college students daily. Sadly, the companies could care less about the holes they are allowing the students to put themselves in. The easier credit for students to get a hold of allows for worse outcomes on them. The simple thought to come up with free gifts or a large credit limit, in order to attract college students is a disaster waiting to happen and it should not be allowed on campuses.
Unfortunately, a lot of college students are the main victim for credit card companies. The reason for this is simply because; most college students have their parents to help them when they put themselves in this type of situation, that is helping them getting out of credit card debt.
Another reason is because students have a full life ahead of them, this means more time for interest income to last for more years.
Once a student turns 18 credit cards become legal and therefore appears like the right thing to do. The companies for the credit cards are located across the United Stated at multiple schools and universities. A lot of facilities have begun to notice the companies’ harassment and have began restricting them from coming on campus. With this new motive credit card companies have planned and succeeded in different ways to attract the c...

... middle of paper ... in order to read and study for my classes I had. All of this was enough to keep me happy as a college student.
Every single one of my need were met by working extra hours at my job. This can be the same case for all the other students as well. I think that the school and universities should bring a stop to the credit card debt, and prevent students from applying for these credit cards that can lead to lifelong turmoil and issues.

Works Cited
Bianco, C.A. "Ethical Issues in Credit Card Solicitation of College Students." Springerlink. Springerlink, 22 Feb. 2013. Web. 28 May 2014.
Irby, Latoya. "Credit/Debt Management Guide." Credit.about. Credit.about, 8 Oct. 2012. Web. 28 May 2014.
Norvilitis, Jill M. "Credit Card Debt on College Campuses: Causes, Consequences, and Solutions." CBS Interactive. CBS Interactive Business Network, 5 Oct. 2011. Web. 28 May 2014.

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