Even after lawmakers made it harder for banks to give college kids credit cards, credit card debt is still a big problem on U.S. campuses. A new study pinpoints the simple, frustrating reason why: Students don’t know anything about the fundamentals of credit card use. “It is clear the status quo of financial literacy is [...]
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Rising home foreclosures was of course the main catalyst of the financial crisis. But credit card debt was also a big problem for the banks as more people lost their jobs and were unable to pay back all the boats and xboxes had rung... Read Post
A recent spate of reports suggests that consumers are finally getting smart about plastic by paying down their credit card debt. Hold the celebration, writes Michelle Singletary. A closer look shows that one of the big reasons overa... Read Post
$83 million was spent to encourage college students to open up credit card accounts, which allow students to spend beyond their means and rack up huge amounts of credit card debt. Read Post