Sallie Mae Credit Cards Poor Decision

[armstrongsubero]

@mysonx3 you are the exception based on what I'm reading and listen to about the US. Adults with mouths to feed are so irresponsible. Muchless those kids.

And like Dave Rsmsey said a credit score only matters if you want to borrow, and your aim should be to be debt free....not owing on credit cards....I switched from credit card to debit visa and I dont feel the difference...if you need a credit card to cover your expenses its a bad position to be in financially.

For me if someone can pay thier credit card in full, then they dont need one, they can buy with cash (debit) and save. I aint giving the bank a red dime. I even switched to credit union and money market funds cause the bank takes money for 'maintainence' to rent out my money...no way...

To each his own..but for me all credit is bad credit. Borrowing to buy a reasonable house is the only exception and understandable...but taking credit cards to live? No way..

And its worse for these college kids....its a disaster and I feel sorry to them...its setting them up for a life of debt.

Hmmm well looking at how the system works it seems that their ability to pay is based on thier projected income for their major right? That Ufology or Interpretive Dance major is never going to be able to pay that...there may be a few rare cases...but we all know 44 million people are $1.3 TRILLION dollars in student debt...and $1.04 TRILLION dollars in credit card debt...$8.94 TRILLION in Mortgage Debt and $1.1 TRILLION in auto debt...

Its not really my place to say anything, but this will make it worse and I really think your goverment should really step in...cause these 18 year old kids will die in debt...