Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Post-College Credit Card Debt? Consider Credit Counseling

By William Hauselberg Subscribe to RSS | February 16th 2012 | Views:
loading
 
  



Today’s college students face a world of uncertainties upon graduation. Finding a job and a place to live can make it difficult when trying to make a new start. And now, more than ever, college graduates are also faced with mountains of credit card debt, creating additional financial problems for 20-somethings just starting out in the world.

From Broke to Spending With Deferred Consequences

Credit card companies are notorious for awarding college students credit lines well above their means. It is not uncommon for a full-time college student to receive a $10,000 – $15,000 line of credit, even without a job or any regular income.

Credit cards make careless, reckless spending incredibly tempting – and incredibly easy – for college students. They can go from broke one day to having $10,000 to spend the next. Dinners, clothing, book, gas and beer don’t seem quite so expensive when they are paid for with a simple swipe of plastic. In addition to large balances, students are also faced with extremely high interest rates as they rack up balances and missed payments. And although students may be fully aware of the fact that they have signed a contract and do need to pay their debt, it is easy to fall into the trap of rationalizing paying for their expenses with plastic. Thoughts like “As long as I keep paying the minimum,” or, “I’ll pay it off when I have a steady income” offer comfort and justification. Meanwhile, severe damage is being done to credit scores, and by the time graduation rolls around, both balances and interest rates can reach epic proportions.

Help is Available

So what can be done if you or someone you know is faced with post-college credit card debt? Non-profit credit card counseling services offer a variety of services for individuals looking for ways to manage their credit card debt. Through a credit card counseling program, trained counselors will work with you to assess your situation and come up with a plan tailored specifically for you and your needs. Together, you will look at how much money you owe your creditors compared to how much income you have available to you. Your counselor can help you come up with several options depending on your situation, such as setting and maintaining a monthly budget to help you pay down your debt and get on your feet financially.

When choosing a credit card counseling program, be sure to look for a reputable non-profit agency. Unlike a for-profit agency whose aim is to turn a profit at your expense, a non-profit agency has your best interests mind.

William Hauselberg - About Author:
The author has an immense knowledge on credit card counseling services. Know more about credit card counseling program related info in his website.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/finance-articles/post-college-credit-card-debt-consider-credit-counseling.htm

Related Finance Articles Subscribe to RSS

Bad credit debt consolidation UK
Published by Fresh Finance on January 19th 2012 | Finance
The debt consolidation entails taking out one mortgage to pay off many others. This is done to prote...
 
The importance of paying your credit card from Sears in time
Published by Alex Decosta on December 20th 2011 | Finance
One of the leading credit card companies, Sears has had a massive list of defectors based on its une...
 
Same day loans no credit check - fight with the devils of financial crisis
Published by Sam Hopkins on December 3rd 2011 | Finance
Same day loans no credit check provide instant funds to an individual without looking into their pas...
 
Free credit report no fee: know your financial standing
Published by Alice Marlen on May 25th 2012 | Finance
When you request for an extension of credit, loan or credit card, the promising credit grantor will ...
 
Hard Money Loan No Teletrack- Grab loan with no credit checking
Published by Gorgie Nork on January 9th 2012 | Finance
Hard Money Loan No Teletrack can be availed with the aid of simple online process. This loan is usef...
 
Primary reasons to get a credit card processor online
Published by Neal on February 9th 2012 | Finance
There are countless advantages of having a merchant account or payment processor beside you. In this...
 
Benefits of using business lines of credit
Published by Kemar Roach on June 12th 2012 | Finance
Small business line of credit is a kind of financing that is offered by a lot of business banks and ...
 
Prepaid card-The credit solution
Published by Anni on March 2nd 2012 | Finance
A prepaid card is some card that you place your own cash into ahead of era so you can employ that ca...
 
Get an absolute idea before opting for business credit loans
Published by Macrobusinesscapital@gmail.com on January 15th 2012 | Finance
The growing world and the rapid increase in the technology have completely changed the life of human...
 
Student loan default might cause bad credit record
Published by Peter Paul on December 22nd 2011 | Finance
Student loan default is a very common problem that is seen globally. Student loans in default should...
 
Getting settlement when it comes to credit card
Published by Rajkumar Kaushal on June 19th 2012 | Finance
Getting settlement when it comes to credit card is not very easy sometimes because of the details an...
 
Apply for credit card online and increase your liquidity
Published by John Matthew on December 28th 2011 | Finance
Credit card is one entity that has made millionaires out of the ordinary men, but at the same time t...
 
Merchant Account processing type Merchant debit and Merchant credit card processing
Published by Eric Hannelius on January 18th 2012 | Finance
When you are doing the business your main focus is onto customers’ service provided to them so tha...
 
No credit search loans - Get Funds Without Verification Process 
Published by Alice Johnsonn on January 12th 2012 | Finance
No credit search loans don’t account your credit history and helps you to avail cash support in qu...
 
Christian credit counseling and credit counseling services
Published by James Blee on December 14th 2011 | Finance
This recession has been very tough for people who have especially taken loans against their credit c...
 
How can i get dependable credit card debt advice and exactly how could it benefit me?
Published by on March 27th 2012 | Finance
Credit card debt advice is a program provided by debt companies to help those people who are battlin...
 
With online research you can loan about car loan with bad credit
Published by Pamela Andersen on May 16th 2012 | Finance
The online auto financing is easy way of saving time and money as well as not compromising on the ra...
 
Finance for worst credit sanctioned within a day of filling
Published by Ross Sorin on March 2nd 2012 | Finance
Online financial aid is available for bad creditors through which they can get easy cash without fac...
 
Why should i get my free credit report?
Published by Mary Cruise on May 25th 2012 | Finance
Your free credit report is consulted by potential employers, landlords, credit issuers and lenders, ...
 
If you accept Visa and MasterCard you can get Bad credit small business loans
Published by Joseph Richard on April 4th 2012 | Finance
Despite it being a popular means of finance, there are several business operators who are unsure of ...