This is True

Charge It

As students head back to college this fall, they’re being greeted by ...credit card applications. Banks view students as a good risk since if they get over-extended, parents will step in. Plus, studies have found, getting consumers into the fold while they’re young leads them to become loyal, long-time cardholders. “You give a college kid a credit card and 15 years later they still have that credit card,” said an industry expert. (AP) ...And the debt they ran up on it.


Publication Date: 12 September 1999

This story is in True's book collection, Volume 6.
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