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

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 ...
 
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 ...
 
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...
 
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...
 
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...
 
Why hire a credit card debt management company?
Published by Yossi A on January 12th 2012 | Finance
As a matter of fact, it not only clears your already existing debt but also offer valuable technique...
 
Unsecured loan information : Advantages for the all types of credit scorer
Published by Mark Fulton on April 12th 2012 | Finance
Unsecured loan Information are normally a personal loan and are ideal for individual who need money ...
 
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...
 
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...
 
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...
 
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...
 
Bad credit loans no fees: Shake Hands with Cash Crunches with Smile
Published by Cameron White on December 13th 2011 | Finance
Bad credit loans no fees are always ready to shake hands with poor creditors to let them feel comfor...
 
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...
 
What's the difference between the purchase, balance transfer, and cash withdrawal rates on credit cards?
Published by Jesse Wallace on July 11th 2012 | Finance
Understanding the various rates offered by your credit card could help you get the most from your pu...
 
Prepaid credit cards help you in rebuilding your imperfect credit
Published by John Cena on January 11th 2012 | Finance
Prepaid credit cards are same as other plastic cards and prove to be helpful people to refurnish the...
 
What to consider when applying for a credit card online
Published by Fiona Roy on April 23rd 2012 | Finance
Discover which type of credit card is right for you....
 
What best practices are available for me to boost my credit rating?
Published by Jesse Wallace on June 6th 2012 | Finance
Improving your credit rating can be the best way to get discounted rates on credit cards and loans....
 
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...
 
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...
 
Loans for Bad Credit People: Weak credit is no more a trouble
Published by Ella Trant on June 8th 2012 | Finance
People with bad credits can realize their urgent monetary needs with loans for bad credit people wit...