When it comes to those preapproved credit card applications, remember, what the big print giveth, the small print taketh away.
This is one of my favorite quotes about credit cards from Mary Hunt and it is mentioned in my book, Financial Freedom Party for Women, A Little Book about Money for Women.
I am never sure who is teaching younger people about the use of credit and credit cards, except the credit industry. Not always a good idea to learn from those whose main interest is in making money by you purchasing what they offer!
So, I thank yahoo.com for a wonderful article titled: What real millennials want to know about credit. Millennials are described as those in their 20s and 30s.
Please click here to enjoy the article, learn and share with your friends. Even this one simple educational piece can undo a lot of bad habits learned by buying in to the very powerful marketing activities of those in the lending business. As with any product, credit can be a valuable tool when used appropriately. It’s just not for everyone.