Credit card companies fall over themselves to offer credit to new college students. If you have a child heading off to college, be sure to warn them about this because they can quickly amass high interest credit card debt that could haunt them, and you, for years to come.
When my niece moved to our town to go to college she gave her university our home as her permanent address. This gave me a wonderful opportunity to experience something I had little knowledge about. Over the course of several months I received dozens of calls a week from credit card companies offering my niece her own credit card. I was shocked!
