Secured credit cards and how to learn the basics
Recently, student organizations have been speaking out against the aggressive marketing practices that could harm students in the long run. The relationship between banks and universities also came under a microscope when hearings were held on Capitol Hill last June to scrutinize campus marketing practices. Credit card companies claim they are acting in good faith and helping students learn to become responsible consumers. When students have credit cards of their own, they are laying the building blocks for their credit report and learning how relationships with banks work. Banks offer seminars on responsible spending, budgeting and paying off balances on credit cards.