Credit Tips for College Students

College students have a lot to worry about — making friends, deciding on a major, and passing classes, among others. Credit cards are usually offered to students during Freshman orientation, but they may not know the best ways to use it or the importance of good credit. For parents with kids in college, having a candid conversation with them about their responsibilities when using a credit card is a must!

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How Credit Card Debt Drags You Down

In the US, there are over 600 million active credit cards and approximately 46% of Americans carry a month-to-month balance of credit. According to one estimate, the total amount of consumer debt in the US is over $790 billion dollars.

While credit cards offer certain advantages when used correctly, when your debt gets out of control it can wreak havoc on your finances. Here are 4 ways debt can drag you down:

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