Colleges Profit From Credit Card Companies Predatory Practices

Universities and colleges have long had a warm relationship with credit card providers ... with a $2,000 spending limit.  Thinking I was privileged, being able to wet my appetite for America’s debt ... the need to envelope our nations young in the debt [more...]

Date: 2009-01-07 23:57:56

Blog posts (24) | Videos (44)
 

Simple to Read, Hard to Execute: 10 Ways to Save Money in College

Written on 6/04/2008 by Soo L. of womopo.com - practical tips and advice for men ... to rack up a lot of credit card debt. So instead of making poor decisions with your credit card, save ... on naive and unsuspecting college students. Some examples of this are credit card companies, loan [more...]

Date: 2008-06-04 22:39:48

Student Debt Consolidation Loan

by Mary Bush Large numbers of college students make that common mistake each year of signing up for as many credit cards as possible ... . About the Author: Debt Consolidation Articles Advise For Rebuilding Your Credit with a Prepaid Debit Card ... application. Of course, once the credit cards start to arrive, they’ll be using them to finance [more...]

Date: 2008-12-30 21:05:55

Ten For Tuesday (January 6, 2009)

1. First off, check out this resource I discovered a couple of days ago. It’s called NewMogul.com ... . 6. Lazyman has some tips on how to have a successful 2009. 7. Tricia wrote about credit card offers on college campuses. She said, “I have come to realize that whenever you get a credit card through [more...]

Date: 2009-01-06 17:55:07

PFBlogger Spotlight: Green Panda Treehouse

What color is US currency? It’s green. What’s one of the most content creatures on the planet? Well, one of them is a panda ... of it. I got a credit card in college and like many of my friends, I charged on it like crazy ... some of my friends (who would return the favor and use their credit card next time). I also thought [more...]

Date: 2008-08-07 16:28:03

Welcome to the Bad Credit Hotel: Check in for Free!

Mirrors on the ceiling…. pink champagne on ice. We are all just prisoners here, of our own device… ... marketing on college campuses and how student credit card debt has become a serious problem. Recent ... students — and adults as well — to learn to get a grip on excessive credit card spending [more...]

Date: 2008-10-22 14:22:16

That Epic Fail That Was 2008: #2

Wall Street Crumbles Unlike more financially successfully friends, I didn’t spend much time studying Economics while in college ... their credit card bills. The government can bail us all out. That’s it. I’m buying an Audi R8 on my starter Visa. Future failings: You know what happens to those who don’t follow history, right? Failed [more...]

Date: 2008-12-16 21:22:48

This sounds less bad

I doubt anyone can know how much it might help, but the desperation apparent in this move should be obvious. From Bloomberg: The U.S ... and college education while also reducing the cost of credit-card debt. If we really need ... it improves auto sales much. Maybe people pay off some credit cards and take some classes [more...]

Date: 2008-11-25 05:46:00

The Dirty Secrets of Debt Reduction (and What to Do About Them)

When I was a sophomore in college, I got my first credit card. I thought it was awesome — it was like free money ... to pay off debt. I was arrogant. I believed this advice didn’t apply to me. But then my car broke down ... , and then paused my debt elimination plans for a few months in order to stash $1,000 in the bank [more...]

Date: 2008-07-17 12:00:34

Don’t Make Credit Decisions Based On Last Year’s Recommendations!

When I was taking a political science class in college, we learned about the problem of “fighting the last war ... about the advice of many newspaper columnists on credit card debt currently.  They may be right ... years but now seems to miss the point of the credit crisis.  If your credit card provider lowers [more...]

Date: 2009-01-08 23:46:33

Bankruptcy

Teresa Sullivan et al's book, As We Forgive Our Debtors (1989, see Chap 8, specifically) ... of points right after college. I had credit card debt, student loan debt, and an uninsured car accident ... points out that women were not even guaranteed credit in their own names until 1970 (or 1974 [more...]

Date: 2009-01-12 16:47:18

Should I save my money or send extra money toward a loan?

About a year ago, I bought a new car.  Not being too far out of college, ... our credit card debt, bought a house, and started saving regularly.  But after a few months of putting ... my credit wasn't well established and I was forced to finance with what I'd call an affordable [more...]

Date: 2008-06-10 12:05:31

Bill Clinton Campaigning for Obama in Orlando Today

NOTE FROM PAM: I added some video clips below the fold. Former President Bill Clinton spoke at a Obama for President rally in Orlando, Florida today ... who are not at this rally. We have to elect a president who will rebuild the American dream, repair a badly ... , incomes declining, heathcare costs of doubled, college costs up 75 percent -- credit card [more...]

Date: 2008-10-02 01:31:07

Ten Big Tips for Recent College Graduates

Graduating from college is a big adjustment for most students as s/he has to trade-in an insulated, academic, ... all, you don't want to be worrying about credit card debt by the time you're 25, right?): 1. Begin ... your credit card.  It's ok to have one and use [more...]

Date: 2008-12-17 18:40:41

Going Down the Path of Consumer Debt - Again

At creditslips.org, Bob Lawless raises the most reasonable question I’ve seen so far about Treasury Secretary Henry Paulson’s decision to shift the ... s the question from Lawless, an expert on credit and bankruptcy at the University of Illinois College of Law school: Why? After two decades in which consumers piled debt on their credit cards without [more...]

Date: 2008-11-14 13:52:32

Student Loans By the Numbers

I can’t believe summer is actually over. Where did the time go? As summer comes to a close, it is nice to welcome the start of football season. Let’s just hope my fantasy football team can actually win a game. I’m not excited about the prospects of becoming the Detroit Lions of my fantasy league. First off, I wanted to share this awesome graphic from College Scholarships.org . I’m so glad they shared this with me and I could then share it with my readers: Ask Mr. Credit Cards Spe [more...]

Date: 2009-09-27 22:45:22

Hello PF! What’s up? Long time no see.

I met a theory in a class my senior year of college that I wish I had known before I got out of high school ... no sometimes”, and “Put the credit card down sir. Nice and slow”. This class taught me so many useful ... %                                                                $280.00 Debt   10 [more...]

Date: 2009-01-08 23:53:26

40 Money Tips for College Students

I remember the first day I set foot at college, it was a mixture of excitement and fear at the prospect of being on my own ... , myself included, this means graduating with some student loan debt (I had and still have over $20k in student loans) but that’s OK. Avoid credit card debt at all costs. Consider this, if you owe [more...]

Date: 2008-09-24 11:43:57

College Loan Slavery: Student Debt Is Getting Way Out of Hand

I have seen this first hand. No one holds a gun to these people's heads. They don't understand sacraficing now to have more later ... debt. And don't get me started on all the credit card kiosks around campuses. Only fools get those ... into a pit of debt from which many will never recover. Raya Golden thought she was handling college [more...]

Date: 2008-11-12 13:25:34

Help a Reader: Funding College

Here's a question I recently received from a reader: Should I take a new Stafford Loan for school, or just put it on a credit card? CC rate is 5.9% Student Loan is 6.8% Each 6 month term will be around 3k. I'm looking at 4 terms to finish. The tax benefits of the Student Loan are interesting, but I'm not sure how great they will really [more...]

Date: 2008-08-26 19:46:10

Investment steps for college fresher

WHEN we are a college fresher or in first job, saving and investment are the last things in our mind ... t pay cash, then we can’t buy it.” We should not use credit card unless absolutely needed.3) START ... bills. In fact, the earlier we start saving, the earlier that money can start working for us.2 [more...]

Date: 2009-01-12 02:26:00

Reforms Make It Harder To Give Credit Cards To College Students

Due to the latest credit card alterations that are starting up next year, card issuers will have a strenuous time getting teenagers on college campuses to apply for credit cards without their parents’ knowledge. As students arrive on campus, card issuers will be there to meet them at many schools. “Issuers will try to continue to market to college students between now and the time the legislation takes effect,” said Bill Hardekopf, chief executive of LowCards.com, a site that tracks cards. [more...]

Date: 2009-09-13 15:21:17

MortgageNewsClips: On Risk Models, Dow Chart, Credit Cards and Colleges, OC Prices Off, Russian Socialism, David Merkel, Cram Downs, Buying Bonds, Bank Spreadsheet, Fannie and Indy, Mark Perry, Protect Me, 4 more, Ira 3-Fer

       Risk Modeling Section - models don’t always work! - 2 important articles: 1 ... Trap Unspoken Link Between Credit Cards and Colleges - JONATHAN D. GLATER - … Hundreds of colleges ... consumer debt —  the arrangements have sounded alarm bells, and some student groups are starting to push [more...]

Date: 2009-01-06 00:15:07

Bank of America Refuses a Hardship Application

I was recently contacted by a full time college student with five credit card accounts ... his credit as much as possible. All of the credit card companies, with the exception of Bank of America ... , I have scoured the net for info regarding my debt, and yours is definitely one of (if not the most [more...]

Date: 2009-01-04 01:28:29

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