Credit Cards Beckon The Young

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A 2009 Sallie Mae study reported that the average college graduate carried about four credit cards by the time he earned his degree. That’s a hefty amount of plastic for a recent grad indeed, which proves that plastic is quite attractive to young adults.

Reporter Steve Rosen shares on Recordnet.com the story of a recent grad who already had a credit card, inquired if she should find another deal or stick with her one card after being denied a credit application for an airlines card. The advice recent graduates should consider for just-because credit cards: Improve your chances of obtaining a second card by building up a lengthier repayment history on the first card and, of course, invest the time to check your credit report to make sure there are no errors that can lower your credit score.

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Published on September 22nd, 2011 - Leave a Comment
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