Bird123
Member
For the last few months I've been doing some things with my credit and I have learned a LOT about how things work. I'll admit before and especially during college (where most of my debt was obtained) I didn't know shat about credit and a lot of people will tell you the same thing.
One person I remember talking to said they got a card in college and charged about $1000 on it and got the bill and it said only to pay $15 as a minimum payment. Well they paid $15 dollars expecting the balance to be minus $15 dollars.......obviously they knew nothing about interest rates and finance charges, cash advance fees, overdraft fees, late fees and etc.
My point is when I was in college there never was anything offered to help students manage their credit and stuff like that. As a result most of us get out of college with a ton of it.
My parents are not real educated on credit and how it can affect your lifestyle and how you can just throw away money in interest and such. So in turn I wasn't as educated about it either, until now. I'll make sure to pass my knowledge on to my kids and they WILL understand the way this stuff works.
My question.........Should there be a mandatory course (hell they made you take orientation or school history for a semester) in college or high school to teach kids about the credit system and how it works to better educate them about this type of stuff?
One person I remember talking to said they got a card in college and charged about $1000 on it and got the bill and it said only to pay $15 as a minimum payment. Well they paid $15 dollars expecting the balance to be minus $15 dollars.......obviously they knew nothing about interest rates and finance charges, cash advance fees, overdraft fees, late fees and etc.
My point is when I was in college there never was anything offered to help students manage their credit and stuff like that. As a result most of us get out of college with a ton of it.
My parents are not real educated on credit and how it can affect your lifestyle and how you can just throw away money in interest and such. So in turn I wasn't as educated about it either, until now. I'll make sure to pass my knowledge on to my kids and they WILL understand the way this stuff works.
My question.........Should there be a mandatory course (hell they made you take orientation or school history for a semester) in college or high school to teach kids about the credit system and how it works to better educate them about this type of stuff?
