Last year, the average undergraduate carried a credit balance of $2,000. Adults
on average carry about a $6,000 balance and pay approximately $900 a year at 18%
on this interest.
Creditors consider their best customers as those who leave a revolving balance.
What better place to find them than on college campuses. If you don't teach your
child about the fundamentals of credit and debt, he will find out the hard way!
Your child's journey through the world of credit could be a daunting experience,
but with a little bit of guidance from you, he can be at ease using these powerful