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[audioFiles]2017m5s/audio_ezfj_152_201705[/audioFiles] Credit Cards on Campu
[audioFiles]2017m5s/audio_ezfj_152_201705[/audioFiles] Credit Cards on Campu
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2023-10-30
15
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Credit Cards on Campus
Most undergraduates in the United States last year had at least one credit card. / Borrowers who do not pay their card debt in full each month / have to pay interest on whatever balance remains. / In a time of economic downturn, / college students are depending on credit cards more than ever. / Many seem to use them to live beyond their means / —to spend more than they have. / However, a new law makes it harder for banks / to give credit cards to people under 21. / To get a credit card, they need a parent or other adult over 21 to accept joint responsibility. /
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