Credit card companies realize that the first credit card a person acquires is the card he or she will likely keep for the rest of his or her life. Many credit card companies attract new users when they enter college by sending offers or setting up displays on college campuses. Even though credit card use could lead to substantial debt obligations, students who use them wisely can end up building a favorable credit history.
Using a credit card responsibly can help students improve their credit scores so they can qualify for large purchases in the future. As this video explains, it’s best to limit credit card use to small, manageable recurring purchases. This can help students make sure to pay off their balances each month.
If you’re faced with financial problems, contact Burr Law Office for affordable bankruptcy services. You can learn more about our Milwaukee bankruptcy practice by calling (877) 891-1638.