Education helps students avoid credit problems

Latasha Newburn

The credit crisis might be a concern for politicians in the nation’s capital, but it hasn’t kept students from receiving and using credit cards at a high rate.College students in today’s society are targeted because they are viewed as a good credit risk.

“My bank gave me a $1,000 credit limit at 18 years old and I had no money in my bank account. And they knew I didn’t know what to do with it,” said MCC student Celena Gooden.

Many feel that credit cards are fantastic and that they are a way to build credit, although many lack education on how the credit card system works.

“Credit cards are a good thing as long as they (the users) are educated so that it allows them to start establishing credit and be able to purchase a home. A downfall is if not properly educated, they will believe that it is free money and will wind up with high amounts of debt,” said Bradley Utter, a credit coaching specialist at Target Financial Services.

Allen Beach, an Arizona State University student, was educated at an early age and has a very positive opinion about using credit cards.

“They can be really tricky, but if you know what you’re doing they can help you accomplish worthy goals. For instance, I was able to afford school by using a special low interest offer from American Express. Also, I have been able to build my credit so I could purchase a condo,” Beach said.

When considering applying for credit cards students can visit Web sites such as or

These two sites provide information on applying and maintaining credit cards.

Nellie Mae, a student loan company, provides information about how the system works.

The Nellie Mae site gives students money-saving tips, credit education, a budget worksheet and other tips to help conserve their money and help them with their credit.

On, various credit cards are compared and rated.

The rating system ranges from excellent to fair.

The site also provides detailed information about each credit featured on the site.

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These are archived stories from Mesa Legend editions before Fall 2018. See article for corresponding author.

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