Student credit card application denial.

Casey S.,

I am sure you are not looking to be preached at so the one thing I
might suggest is getting yourself a pre-paid credit card.

This would afford you the opportunity to get started and have the
benefit of a safety net that you weave we your pre-payments.

Good luck.

BillR.

Hi Casey. You wrote a great letter, but I am not surprised that you
were turned down for this reason. Banks are under the most stress
they have been in my lifetime. Credit is hard to find even for people
with long and good credit histories.

My suggestion would be concentrate on getting a job, saving money, and
paying your bills on time. Then, some years from now you can think
about leveraging your situation to take advantage of lucrative rebate
offers, if they still exist.

I find it hard to believe a bank would give a credit card to a student
considering the current financial crisis. I may be wrong. Good luck.

Building your finanacial future should not include credit cards. That
is achieved through a sound financial plan of saving/investing along
with being frugal.

I have lived my entire life without credit cards or any debt, houses,
car, student loans. The good book states that the borrower is slave
to the lender.

I would get a different student advisor. The percentage of people
with student loans without a college degree is very high.

I went to a college that was in state, getting in state tuition and
attended a junior college as long as possible. I worked from the day
I turned 16, working two jobs actually. My parents always taught us
to save. They did not finance us to go to school, nor pay for us to
go. They never bought us a car or anything like that. If you wanted
it, you saved and bought it yourself. Those days are gone, kids are
handed everything to the point to where kids do not want to work for
anything anymore.

Back to my point, you go to your first sememester with money saved up,
and you continue to work during school( another radical concept) Yes I
know books are higher than tuition!

There are other ways, do some research and find the best, credit cards
are not your friends, even with their "rewards" or lack thereof.


Good Day