The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Information on this website may not be current. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; we do not recommend or endorse the contents of any third-party sites. Readers of this website should contact their attorney, accountant or credit counselor to obtain advice with respect to their particular situation. No reader, user, or browser of this site should act or not act on the basis of information on this site. Always seek personal legal, financial or credit advice for your relevant jurisdiction. Only your individual attorney or advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, contributors, contributing firms, or their respective employers.
Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them. Compensation is not a factor in the substantive evaluation of any product.
“I don’t recall seeing Visa or any of them setting up booths on campus for the past couple of years,” Cody Swain, a recent University of Central Florida graduate and a staff assistant at UCF’s business incubator, told the newspaper. “As far as frivolous credit-card spending, I would say it has been reduced a lot now. It’s still there to some extent, but there’s definitely a greater sense of caution now than in the past.”
[Related: 8 Ways to Ease the Student Loan Burden]
One of the main reasons for this is likely that anyone under the age of 21 who signs up for a credit card must either have an adult co-signer or be able to provide proof that they have enough income to cover the monthly payments they may incur, the report said.
A number of recent studies have shown that the Credit CARD Act is working more or less as intended, allowing consumers to cut credit card debt significantly in the last year.
August 26, 2020
Student Loans
August 4, 2020
Student Loans
July 31, 2020
Student Loans