If there is one stage in life that can either make you or break you, none seem as relevant as college. It is at this stage of life that many can either make or break their life. That is why many credit card companies target college students. If they can get them into the habit of using the plastic instead of the paper, most naturally it will follow them straight into their adult years, and as everyone knows, getting out of credit card debt, or any debt for that matter, can be next to impossible.

So why do college students get such “great” credit card offers? For one, even though they are high risk, most credit card companies have profiles on their parents, and many parents will bail out their kids should they default on their credit card payments. [Read more...]