From the desk of Mike Humann….
I remember being on campus and seeing the Chase credit card company on campus giving away free stuff if the kids sign up for a card. High interest credit cards are the kiss of death to many college kids. It is just too easy to ring up a large bill and start off behind the 8 ball before even graduating college. Make sure your kids understand that before they go away so that they won’t be tempted by the free gifts.
As we learned from the recent finanical crisis, the big banks care less about their clients than the bottom line. If they did care would their top interest rate be 29.99%?
It is good for kids to have a means to establish credit, and a way to get themselves out of emergency situations like their car breaking down. If you trust them, then certainly you can let them get a card. But look for better alternatives such as a pre-paid card, one with a low interest rate or one which allows you to keep a close eye on their spending.
Credit unions are also a good place to look. Credit unions have been around, but in this day when banks are looking for more reasons to charge higher fees, I think that they can be a better solution for many people. Most credit unions are not-for-profit, so members can help to control their costs. If you’re a college student, I would highly recommend that you look into a credit union that is close to your university. They tend to have the smartest options for credit cards, checking accounts and more.
Popularity: 2% [?]
{ 3 comments… read them below or add one }
catering guests should forearm a real, lavish worth service. The provisions needs to be of high regard.
Right now let’s see who is willing to make a change in harmony together with your terms. I assume many will remain over hyped for at least day or two after which get back on their own aged way of dealing with it.
I love the blog site layout ! How did you make it? It is very sweet!