If your son or daughter is in college or planning to attend college in the near future, it might be a good idea to sit and talk about student credit cards before they leave. This talk may be one of the most beneficial and useful talks that you can have with them as they become young adults.
The main topic of this talk should be centered on the high degree of probability that your child will receive numerous offerings for credit cards while they are at school. Credit card issuers have long known that college campuses are fertile ground for picking up new accounts.
Parents have long known that when children get to college age they want to exhibit some form of independence. This desire to be independent, coupled with these numerous offers for credit cards is where the trouble can begin.
The best way to keep your child from becoming loaded with credit card debt is to teach him or her about money and about credit before they get into trouble. It is important that you tell them about the way lenders can act sometimes, and that receiving numerous offers for credit cards does not mean they have to apply for each one. Some college students end up with a dozen cards...
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