By Marc Pearlman
I should have paid closer attention in college for a variety of reasons, but that is a different article. Often, I would find myself sitting in class, daydreaming and looking around the room where, on the bulletin boards, flashed advertisements and applications for credit cards. Boy, with spring break approaching and with no money to pay for a trip, those credit cards seemed like an easy solution. Heck, I would graduate and get a good job then pay off the card. Well, it did not quite work out that way.
This occurred in the late 80's and with the new regulations which went into effect in 2010; the college market is not quite the fertile farming ground it once was for lenders.
However, many of the same traps exist today as they did 25 years ago...
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