Tips to avoid credit card debt on campus
By THE ASSOCIATED PRESS
A credit card can help a college student build credit, handle emergencies, and learn fiscal responsibility. But long-lasting debt can mount quickly. Here are some tips from financial experts on handling credit:
-Only charge what you can afford.
-Pay bills in full, or at least more than the minimum.
-Always notify card issuers promptly when you move to avoid missed payments, which carry fees.
You are overspending if you:
-Can make only minimum credit card payments.
-Exceed the credit card limit.
-Work overtime to pay credit card charges.
-Need one credit card to pay off another.