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Is collage student credit card an investment or an expense?
By Admin | June 13, 2009
Student’s credit cards can either be an expense or credit depending on an individual. For those who don’t know the effects that are brought about by the credit cards, it is usually an expense that kills their budget without them noticing. Many credit companies charge student a lot of money when students make late payment of fees since it’s a compounding charge therefore affecting the total amount of their credit fees.
With the late payment of credit fees interest rates are hiked and so students will have to pay higher and also the period of payment can be lessen to lets say from 30-25.On the other hand it is an investment because when students pay back the credit before they begin charging interest it is like having a free loan hence with good credit report one gets high credit score.
Topics: Credit Cards, Student Cards | No Comments »