There was a time when it was impossible to get a credit card if you didn’t have a proven means to repay the debt. No more. Credit card lenders learned something a couple of decades ago that they’re using for all it’s worth: extending credit cards to college students guarantees customers later in life.
Today, nearly every college student has one or more credit cards. Most will handle the arrangement responsibly, but many will experience some sort of credit problems either during their time in college or shortly after. And there are several reasons for this.