Mail offers and on-campus displays are the most popular ways students get credit cards. Three out of four students use their cards for routine spending like food, clothes, and entertainment. Save it for unplanned expenses. Late payments stay on your credit report for seven years. Don't use a credit card for cash.
Banks charge a higher interest rate.
Debt doesn't sneak up without warning. Paying attention to the early warning signs will help you catch the problem before it's too late. You're near or at the limit of your credit lines. An increasing percentage of your income is being used to pay off debt. If you find yourself deep in debt get help.