Credit Cards:
The ease of obtaining credit once you are an adult makes it extremely easy to get into debt. Credit card companies are known to target college students because they are not only good at spending money, but many have yet to understand the consequences. Although brand loyalty is not very high among younger people, the length of time one owns a credit card is factored into every individuals credit score (FICO). This means that if credit card companies can get you early, you are more likely to stay with them for the long run.
Find out more about Credit Cards in Collegiate Money’s Credit Basics.
