Credit Card Blunder

When I was in college, I was introduced to Credit Cards. The credit card vendors lined the halls and set-up tables outside the library. Knowing what I know now, they were waiting for their prey. They were like hungry animals ready to feast on the innocent. I know this from personal experience. I was living on a limited budget, and there were things I wanted. What better way to solve that than with a credit card - wooo hooo! Was what my 20 year old mind thought.

Mind you, I came from a home where I got everything I ever needed and wanted, as soon as I needed it. There was no waiting until we could afford it - I was lucky, in some regards, that my parents were financially able to do that for me. I was unlucky, however, to not learn the value of money as a child. As a result of all of this, and no blame is being placed on my parents here, I got credit cards and bought what I wanted when I wanted - because that's what I was used to. The lesson was soon learned - yikes!!! The bills got pretty high, or relatively high for the money I was making. I soon couldn't afford to pay rent, buy groceries, school supplies and pay my credit card bills. With my tail between my legs, I had to tell my parents what happened.

I put the blame for this on credit card companies and college campuses. The college campuses should not allow them on their sites nor should these companies be allowed to prey on children (I say children, because I was a child...no matter the age).

There are some fascinating articles about this subject out there: Credit Card Dept on College Campuses and
Credit Cards on Campus get Bad Marks by Some. Some agree with me and some do not. In the end, I don't think anyone can change my opinion. I've been there and it's not pretty.

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