Student
credit cards: good, bad, and ugly
Meet Sally Smith (not her real name). She is
about to turn 21 years old and has more than $2,000 of credit
card debt. Over the course of just one year, she acquired four
different credit cards, and she has spent the past two years
of college paying them off. Her chances of paying the cards
off before she graduates are small; she may be done paying
off the debt two more years from now, but only if she doesn’t
use the credit cards again. [More]
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