Thursday, August 19, 2010

Students: Don't graduate in debt!

Amazing to think that 60% of students graduate in debt. It's not a great start to your working life, but with credit card companies throwing all sorts of rewards at you (and not particularly good ones either), students are seen by some providers as an easy sell.

If you're a student, and you need help with your finances, the best advice is not to jump on the first credit card offered to you. Perhaps a card isn't even appropriate - a loan might be better - but if you do need the convenience of plastic, do your homework first. Make sure that you're the one approaching them, not the other way around.

CTV.ca have a great article on this subject: see http://www.ctv.ca/generic/generated/static/business/article1677117.html to read more.

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